Boosting Inclusive Growth: Exploiting Opportunities in Trade

IMF, Washington DC

For MENAP and CCA countries, the cyclical recovery of growth in its key trading partners creates a unique opportunity to leverage the benefits of export-led growth and improve inclusiveness. MENAP and CCA countries should take steps to integrate further into the world economy to reap the full gains of the nascent global recovery by deeper trade integration, more intense participation in global value chains, export diversification and product quality improvement. The chapter explores the role of trade as an engine of inclusive growth for CCA and MENAP countries.