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

13 Pages Posted: 31 Oct 2005

See all articles by Andrew McKay

Andrew McKay

University of Bath - Department of Economics; University of Nottingham - Centre for Research on Economic Development and International Trade (CREDIT)

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.

Suggested Citation

McKay, Andrew, Trade Policy Issues in a Small African Economy: The Trade Policy Review of the Gambia 2004. The World Economy, Vol. 28, No. 9, pp. 1197-1209, September 2005. Available at SSRN: https://ssrn.com/abstract=803908

Andrew McKay (Contact Author)

University of Bath - Department of Economics ( email )

Claverton Down
Bath, BA2 7AY
United Kingdom

University of Nottingham - Centre for Research on Economic Development and International Trade (CREDIT) ( email )

School of Economics
Nottingham, NG7 2RD
United Kingdom

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