Barriers and Opportunities for Enhancing Capital Flows
In the COMCEC Member Countries
104
 If less than 2%
*6. Average annual rate of growth of imports of goods and
non-factor services
 If more than 11%
 If between 9.1% and 11%
 If between 5.1% and 9%
 If between 2% and 5%
 If less than 2%
*7. The natural resource endowment (based on World Bank
estimates of monetary value (US$ bn in 1990 prices) of
countries’ natural resources endowments)
 Very rich: if more than US$1trn
 Rich: if between US$501bn and US$1trn
 Fair: if between US$151bn and US$500bn
 Poor: if between US$50bn and US$150bn
 Very poor: if less than US$50bn
8. Profitability (proxied by the inverse of the incremental
capital output ratio—ICOR; equals average real GDP growth
over the period divided by the average ratio of fixed
investment in GDP, in current prices, multiplied by 100)
 If more than 23
 If between 16.1 and 23
 If between 7.1 and 16
 If between 4 and 7
 If less than 4
9. The extent of regional integration.
 The country belongs to an economic union. There is
freedom of movement for goods, people and capital (eg the
EU).
 The country is part of a free trade area (eg NAFTA),
and there are few sectoral restrictions. Or the country enjoys
a very high level of preferential access to a major regional
trade area.
 The RTA is formally a free trade area, but there are a
large number of sectoral and other restrictions (eg