eBook

Trade performance and regional integration of the CIS countries

Revenco, Carolina, Polyakov, Evgeny, Freĭnkman, L. M.

2004

Overview

Trade Performance and Regional Integration of the CIS Countries is part of the World Bank Working Paper series. These papers are published to communicate the results of the Bank’s ongoing research and to stimulate public discussion. This paper provides a detailed quantitative analysis, based on standard econometric models, of the trends and the configurations of trade of the CIS countries, with an emphasis on its low-income members. It also contains an analysis of the CIS countries’ trade potential and its realization in a comparative perspective, as well as examination of the nature of the existing CIS intra-bloc trade. The study reveals no evidence that the CIS countries as a group under-perform significantly in terms of either trade openness or export levels when compared to the countries of similar per capita GDP and population size. However, the low-income economies in the CIS (CIS-7) have been performing on average just marginally better than other low-income countries and, overall, they have been falling behind the countries that benefit most from globalization. Overall, progress in the trade area was slower in the CIS-7 countries than in the higher income CIS members. This is reflected in: (i) lower overall export level and slower export growth; (ii) higher trade deficit; (iii) lower share of manufacturing exports; (iv) incomplete reorientation of trade flows; and (v) lower incidence of intra-industry trade. This report found that the CIS free trade area is, on balance, a beneficial, trade-facilitating bloc. There is no evidence so far that the CIS integration is of the “South-South” type (harmful for some of its members). However, the potential benefits of CIS trade integration remain badly underutilized. The paper suggests several directions for strengthening the legal and administrative framework for intra-CIS trade arrangements.

• Publisher: World Bank,World Bank Publications,The World Bank,Washington, DC: World Bank
• Subject: AVERAGE TRADE / BENCHMARKS / BENEFICIAL / BILATERAL FREE TRADE AGREEMENTS / BLOC TRADE / BOXES / CENTRAL GOVERNMENTS / CENTRAL PLANNING / CERTIFICATE OF ORIGIN / CIF / Commerce / Commercial policy / COMMODITY / COMPARATIVE ADVANTAGE / COUNTRY OF ORIGIN / CUSTOMS / CUSTOMS APPLIED TARIFF / CUSTOMS PROCEDURES / DELIVERIES / DISTRIBUTION CENTERS / DOUBLE TAXATION / ECONOMETRIC MODELS / ECONOMIC COOPERATION / Economic integration / ECONOMIC SIZE / Economics / ECONOMIES OF SCALE / EMPLOYMENT / EXCHANGE RATE / EXPORT GROWTH / EXPORT PERFORMANCE / EXPORTERS / EXPORTS / FOREIGN DIRECT INVESTMENT / Former Soviet republics / Former Soviet republics -- Commerce / Former Soviet republics -- Commercial policy / Former Soviet republics -- Economic integration / FREE ACCESS / FREE TRADE / FREE TRADE AGREEMENTS / FREE TRADE AREA / FREIGHT / GDP / GLOBAL MARKETS / GRAVITY MODEL / GROSS DOMESTIC PRODUCT / GUS-Staaten / HARMONIZED SYSTEM / IMPORT STATISTICS / IMPORT TARIFFS / IMPORTS / INCOME / INCREASING RETURNS / INCREASING RETURNS TO SCALE / INDUSTRY / INDUSTRY TRADE / INSURANCE / INTERNATIONAL PRICES / INTERNATIONAL TRADE / Internationale Wirtschaft / LDCS / MANUFACTURING / MARKET PRICES / MUTUAL RECOGNITION / MUTUAL RECOGNITION OF STANDARDS / OIL / OPENNESS / PURCHASING POWER / REGIONAL INTEGRATION / REGIONAL TRADE / REGIONAL TRADE ARRANGEMENTS / REGIONAL TRADE INTEGRATION / Regionale Wirtschaftsintegration / REGIONALISM / RESTRICTIVE RULES OF ORIGIN / ROAD TRANSPORT / SPECIALIZATION / TARIFF RATE / TARIFFS / TRADE / TRADE AGREEMENT / TRADE BALANCE / TRADE CLASSIFICATION / TRADE DATA / TRADE DATA INTERCHANGE / TRADE DEFICIT / TRADE DEFICITS / TRADE DEFLECTION / TRADE DIVERSIFICATION / TRADE FLOWS / TRADE INDICATORS / TRADE INTEGRATION / TRADE OPENNESS / TRADE PATTERNS / TRADE PERFORMANCE / TRADE POLICY / TRADE REGIME / TRADE VOLUMES / TRADE WARS / TRADING BLOCS / TRANSIT / TRANSPORT COSTS / VALUATION / VALUE ADDED / VOLUME OF TRADE / WORLD TRADE / WORLD TRADE ORGANIZATION / WORLD TRADING SYSTEM / WTO
• ISBN: 9780821358962, 0821358960, 0821358979, 9780821358979