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Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study

Burkina Faso : The Challenge of Export Diversification for a Landlocked Country

ACCESS TO CAPITAL ACCOUNTING ACTION PLAN AGRICULTURAL COMMODITY AGRICULTURE ARBITRAGE ARTISAN ARTISANS AUDITS AUTOMATION BACKBONE BALANCE OF PAYMENTS BENCHMARKING BROKERAGE BROKERS BUDGET DEFICIT BUSINESS DEVELOPMENT BUSINESS LAW BUSINESS PROMOTION BUSINESS REQUIREMENTS BUSINESSES BUYERS CAPACITY BUILDING CAPACITY-BUILDING CAPITAL FLOWS CAPITAL INFLOWS CDS CENTRAL BANK CHAMBER OF COMMERCE CHECKS COLLATERAL COMMODITIES COMMODITY COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVE ADVANTAGE COMPETITIVENESS CONFLICT OF INTEREST CONSUMER DEMANDS CONSUMERS COOKIES CURRENCY CURRENCY APPRECIATION CUSTOMS CUSTOMS CLEARANCE CUSTOMS DECLARATION CUSTOMS REVENUE CUSTOMS REVENUES DEBT DEBT COLLECTION DEBT REDUCTION DEGREE OF RISK DEPOSIT DEPOSITS DEVALUATION DEVELOPMENT AGENCY DEVELOPMENT BANK DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DIRECT SALES DISEQUILIBRIUM DOMESTIC MARKET DOMESTIC PRICES ECONOMIC OUTLOOK ELECTRICITY EMERGING MARKET ENVIRONMENTAL MANAGEMENT EQUIPMENT EXCHANGE CONTROL EXCHANGE OF INFORMATION EXCHANGE RATE EXPORT DEVELOPMENT EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PROMOTION EXPORT SECTOR EXPORTER EXPORTERS EXPORTS EXTERNAL DEBT EXTERNAL TRADE FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL SUSTAINABILITY FINANCING ARRANGEMENT FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RISKS FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTOR FOREIGN INVESTORS FOREIGN TRADE FRAUD FREE TRADE GDP GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GLOBALIZATION GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT SERVICES GROSS DOMESTIC PRODUCT GROWTH POTENTIAL GROWTH RATE GROWTH RATES HANDICRAFT HANDICRAFT PRODUCTS HANDICRAFTS HARMONIZATION HOLDING HUMAN RESOURCES INDUSTRIAL BASE INFLATION INFLATIONARY PRESSURES INFORMATION SYSTEM INNOVATION INNOVATIONS INSPECTION INSTITUTIONAL FRAMEWORK INSTRUMENT INSURANCE INTEREST RATES INTERNATIONAL COMPETITION INTERNATIONAL COMPETITIVENESS INTERNATIONAL CONSULTANTS INTERNATIONAL ECONOMY INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORIES INVESTMENT CLIMATE ITC LABOR MARKET LAND REFORM LAND TITLES LICENSES LOCAL MARKET LOCAL MARKETS MACROECONOMIC FORECASTING MACROECONOMIC MANAGEMENT MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MAINTENANCE COSTS MANUFACTURING MANUFACTURING INDUSTRIES MARKET ACCESS MARKET CONDITIONS MARKET DATA MARKET DEMANDS MARKET INFORMATION MARKET OPPORTUNITIES MARKET REGULATIONS MARKET SHARE MARKETING MATERIAL MONETARY FUND MONETARY POLICIES NATURAL RESOURCE NATURAL RESOURCES OIL PRICES OUTPUT OUTPUTS PARTNERSHIP AGREEMENT PHOTO PILOT PROJECT PRICE DECLINES PRICE FLUCTUATIONS PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE PARTNERSHIPS PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR PARTICIPATION PRIVATE SECTORS PRODUCT DEVELOPMENT PRODUCT MARKETS PRODUCTIVITY PUBLIC SPENDING RAPID GROWTH REAL EXCHANGE RATE REGIONAL EXCHANGE REGIONAL TRADE RELIABILITY RELIABLE ACCESS REMITTANCES RESULT RESULTS RETURN SECURITIES SERVICE PROVIDERS SERVICES TO USERS SETTLEMENT SITES SOCIAL COSTS STATISTICAL DATA STORAGE FACILITIES STRATEGIC INVESTORS SUPERMARKET SUPERVISION SUPPLY CHAIN SUPPLY CHAIN MANAGEMENT TARGETS TARIFF BARRIERS TAX TAX SYSTEM TAXATION TECHNICAL ASSISTANCE TECHNICAL SUPPORT TELECOMMUNICATIONS TRACK RECORD TRADE FACILITATION TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRANSLATION TRANSPARENCY TRANSPARENCY INITIATIVE USERS USES VALUATION VALUE ADDED VALUE CHAIN VERTICAL INTEGRATION WAGES WEB WEB SITE WORKING CAPITAL WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO
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Washington, DC
Africa | Burkina Faso
2012-06-11T18:11:17Z | 2012-06-11T18:11:17Z | 2007-09

The objective of the Diagnostic Trade Integration Study (DTIS) is to build the foundation for accelerated growth by enhancing the integration of its economy into regional and global markets. Burkina Faso is one of the best economic performers in West Africa, yet its integration into the world economy, as measured by its trade and foreign investment performance, is among the lowest. Economic growth has been strong, higher than all other countries in the sub-region. This has been achieved in spite of droughts and cricket invasions, and the turmoil in Cote d'Ivoire, and without significant oil or mining exports. Macroeconomic management has been consistently strong, and inflation low. At the same time, its export to gross domestic product (GDP) ratio is only one-third that of Senegal or Mali, while foreign directs investment inflows are far below the average for sub-Saharan Africa. At a time when globalization is determining the fate of nations, Burkina Faso seems to be on the sidelines and doing fairly well. If the country is to raise economic growth rates to the levels necessary to make major inroads on poverty, and reduce its aid dependence, it will need to improve its performance on exports and foreign investment. Implementation of a weighing program to fight against overloading of merchandise, coordinated along all the corridors.The challenge for Burkina Faso is to step up efforts to consolidate this sound performance in order to accelerate growth and deepen the fight against poverty. These efforts will be deployed on three fronts. The first consists in maintaining macroeconomic stability to improve the international competitiveness of the economy; the second, diversifying exports to expand trade and stimulate growth; and the third, strengthening social sectors and small operators in order to make growth inclusive and to maximize its impact on poverty reduction. This study focuses on the second challenge, taking into account the importance of participation by small operators.

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