Economic integration in remote resource-rich regions

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Abstract

What are the effects of regional integration and other trade policy measures in regions such as Central Asia or the Great Lakes Region of Africa where countries are remote with poor access to the outside world and where foreign exchange earnings come largely from natural resource based exports? The chapter shows that if countries have unequal natural resource endowments, then the gains from non-preferential trade liberalization accrue largely to the more resource-rich economies, while the opposite is true for regional integration. Regional integration is a powerful way to spread the benefits of resource wealth more widely, but may also be an obstacle to external trade liberalization.

Original languageEnglish
Title of host publicationCosts and Benefits of Economic Integration in Asia
PublisherOxford University Press
ISBN (Electronic)9780199896783
ISBN (Print)9780199753987
DOIs
Publication statusPublished - 22 Sep 2011
Externally publishedYes

Keywords

  • Central asia
  • Landlocked
  • Natural resources
  • Oil
  • Regional integration
  • Tariffs
  • Terms of trade
  • Trade

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