Malawi - Country Economic Memorandum : Seizing Opportunities for Growth through Regional Integration and Trade - Summary of Main Finding and Recommendations
Malawi needs to focus on exports to maintain and broaden its current inspiring levels of economic growth. The focus of future policy should therefore be on reforms that improve competitiveness in global and regional markets. This does not require a...
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| Format: | Country Economic Memorandum |
| Language: | English |
| Published: |
World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20101209230947 http://hdl.handle.net/10986/2954 |
| Summary: | Malawi needs to focus on exports to
maintain and broaden its current inspiring levels of
economic growth. The focus of future policy should therefore
be on reforms that improve competitiveness in global and
regional markets. This does not require a fundamental shift
in direction, but instead a rebalancing of policy and
expenditures to support an outward-oriented development
framework. Until the recent global financial crisis,
domestic and regional trends were promising for Malawi:
rapid economic growth, strong donor support, increases in
foreign direct investment, real potential to upgrade
regional infrastructure, and the gradual dismantling of
barriers within the region through the Common Market for
Eastern and Southern Africa (COMESA) and Southern Africa
Development Community (SADC) free trade areas. Despite
recent global developments, this report makes the case that,
for a small landlocked economy like Malawi, integration into
a dynamic and more open Southern Africa region will remain a
key to building prosperity and improving livelihoods. |
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