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Trade Policy Making in a Small Island Economy: The WTO Review of the Maldives

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  • Prema‐chandra Athukorala

Abstract

The purpose of this paper is to examine trade policy regime and trade‐related development issues in the Maldives on the basis of the Trade Policy Review Maldives 2003 of the WTO. The key theme of the paper is that, given the narrow resource base and small domestic market, openness to foreign trade and investment remains the ‘natural’ policy choice for a small developing economy like the Maldives. Since the late 1980s, the Maldivian government has made considerable progress in implementing policy reforms driven by this conviction. However, the reform process is far from complete. High import tariffs maintained predominantly on revenue considerations, a large direct role played by the public sector in foreign trade and some key sectors of the economy, lack of transparency in duty concessions and other investment incentives, failure to incorporate environmental concerns as part of the national development policy, and delays in meeting reform commitments under the WTO are among the key items of the unfinished reform agenda.

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  • Prema‐chandra Athukorala, 2004. "Trade Policy Making in a Small Island Economy: The WTO Review of the Maldives," The World Economy, Wiley Blackwell, vol. 27(9), pages 1401-1419, September.
    • Handle: RePEc:bla:worlde:v:27:y:2004:i:9:p:1401-1419
    DOI: 10.1111/j.0378-5920.2004.00658.x
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    References listed on IDEAS

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    1. Prema‐Chandra Athukorala & Sisira Jayasuriya, 2003. "Food Safety Issues, Trade and WTO Rules: A Developing Country Perspective," The World Economy, Wiley Blackwell, vol. 26(9), pages 1395-1416, September.
    2. Pritchett, Lant & Sethi, Geeta, 1994. "Tariff Rates, Tariff Revenue, and Tariff Reform: Some New Facts," The World Bank Economic Review, World Bank, vol. 8(1), pages 1-16, January.
    3. repec:lan:wpaper:899 is not listed on IDEAS
    4. Harvey W. Armstrong & Robert Read, 1998. "Trade and Growth in Small States: The Impact of Global Trade Liberalisation," The World Economy, Wiley Blackwell, vol. 21(4), pages 563-585, June.
    5. Easterly, William & Kraay, Aart, 2000. "Small States, Small Problems? Income, Growth, and Volatility in Small States," World Development, Elsevier, vol. 28(11), pages 2013-2027, November.
    6. repec:lan:wpaper:898 is not listed on IDEAS
    7. Srinivasan, T N, 1986. "The Costs and Benefits of Being a Small, Remote, Island, Landlocked, or Ministate Economy," The World Bank Research Observer, World Bank, vol. 1(2), pages 205-218, July.
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    Cited by:

    1. Kishor Sharma & Oyunbadam Davaakhuu, 2015. "Trade Policymaking in a Resource‐rich Landlocked Country: The WTO Review of Mongolia," The World Economy, Wiley Blackwell, vol. 38(9), pages 1350-1367, September.
    2. Matthew Louis Bishop, 2010. "Tourism as a Small-State Development Strategy," Progress in Development Studies, , vol. 10(2), pages 99-114, April.

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