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Economic Integration in Remote Resource-Rich Regions

Author

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  • Anthony Venables

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? We show that if countries have unequal natural resource endowments, then the gains from nonpreferential trade liberalisation accrue largely to the more resourcerich 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 liberalisation.

Suggested Citation

  • Anthony Venables, 2009. "Economic Integration in Remote Resource-Rich Regions," OxCarre Working Papers 022, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
  • Handle: RePEc:oxf:oxcrwp:022
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    File URL: https://ora.ox.ac.uk/objects/uuid:498009a6-7e5c-4049-8960-b573960d17e3
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    References listed on IDEAS

    as
    1. Venables, Anthony & Collier, Paul, 2008. "Illusory Revenues: Tariffs in Resource-Rich and Aid-Rich Economies," CEPR Discussion Papers 6729, C.E.P.R. Discussion Papers.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Regional Integration or Transit Corridor?
      by Michael Fuenfzig in The ISET Economist on 2012-05-23 16:35:46

    Citations

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    Cited by:

    1. Bonfatti, Roberto & Poelhekke, Steven, 2017. "From mine to coast: Transport infrastructure and the direction of trade in developing countries," Journal of Development Economics, Elsevier, vol. 127(C), pages 91-108.
    2. Annageldy Arazmuradov, 2012. "Foreign Aid, Foreign Direct Investment, and Domestic Investment Nexus in Landlocked Economies of Central Asia," Economic Research Guardian, Weissberg Publishing, vol. 2(1), pages 129-151, May.
    3. Asian Development Bank (ADB), 2013. "Regional Cooperation and Integration in a Changing World," ADB Reports RPT135515-3, Asian Development Bank (ADB), revised 15 May 2013.

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    More about this item

    Keywords

    regional integration; natural resources; landlocked; Central Asia;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)

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