Trade Policy Issues in a Small African Economy: The Trade Policy Review of The Gambia 2004

Andrew McKay

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

The Gambia displays many of the classic characteristics of a small open economy, with the vulnerabilities that implies. The sum of its imports and exports are around 100 per cent of GDP, with a limited number of export commodities and a wide variety of imports, including some key staple foods. The Trade Policy Review of The Gambia 2004 provides a very helpful review and assessment of current trade patterns and policies. The latter rely predominantly on import and export taxes. While quite substantial trade reform measures have been implemented recently, these have led to only a very small reduction in the average tariff rate, and trade policy displays a substantial anti-export bias. Other important issues highlighted by the Trade Policy Review include serious capacity constraints relating to trade policy, and a failure to discuss connections between trade policy and growth and poverty reduction--again common characteristics of many small economies.
Original languageEnglish
Pages (from-to)1197-1209
Number of pages13
JournalWorld Economy
Volume28
Issue number9
Publication statusPublished - 2005

Keywords

  • Development Planning and Policy
  • Trade Policy
  • Factor Movement
  • International Linkages to Development
  • Country and Industry Studies of Trade (F140)
  • International Trade Organizations (F130)
  • Foreign Exchange Policy (O240)
  • Role of International Organizations (O190)

Fingerprint Dive into the research topics of 'Trade Policy Issues in a Small African Economy: The Trade Policy Review of The Gambia 2004'. Together they form a unique fingerprint.

  • Cite this