Industrial Diversification and Economic Stability

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Publisher :
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis Industrial Diversification and Economic Stability by : Martin Paul Grueber

Download or read book Industrial Diversification and Economic Stability written by Martin Paul Grueber and published by . This book was released on 1988 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Industrialization and Economic Diversification

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Publisher : Routledge
ISBN 13 : 1000573435
Total Pages : 152 pages
Book Rating : 4.0/5 (5 download)

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Book Synopsis Industrialization and Economic Diversification by : Banji Oyelaran-Oyeyinka

Download or read book Industrialization and Economic Diversification written by Banji Oyelaran-Oyeyinka and published by Routledge. This book was released on 2022-04-14 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic diversification entails a shift away from a single income source toward multiple income sources from an increasing spectrum of sectors and markets. A persistent concern for some Asian and African economies is their reliance on commodity exports and how they are exposed to the risk of export volatility and income instability. The Covid-19 pandemic and previous oil crashes have demonstrated the adverse impact on such economies. This book provides a systemic analysis of sustainable economic development through economic diversification. The book analyzes diversification and development experiences from comparative perspectives of Asia and Africa. It also investigates determinants of export diversification differentiated by commodities-dependence versus manufactured products and looks at the roles of various institutions and governance of institutions in export diversification. This book will provide policy insights into how different degrees of specialisation in exports across countries have affected outcomes in terms of living standards, economic growth and employment.

Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter?

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Publisher : International Monetary Fund
ISBN 13 : 1498315658
Total Pages : 24 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? by : Dongyeol Lee

Download or read book Export Diversification in Low-Income Countries and Small States: Do Country Size and Income Level Matter? written by Dongyeol Lee and published by International Monetary Fund. This book was released on 2019-05-24 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and its volatility in LICs and small states, using a range of indices of export concentration differing in the coverage of industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility in these countries. Furthermore, the analysis demonstrates that the economic benefits of export diversification differ by country size and income level—there are bigger benefits for relatively larger and poorer countries within the group of LICs and small states.

Economic Diversification in Developing Countries

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Economic Diversification in Developing Countries by : Ms. Corinne C Delechat

Download or read book Economic Diversification in Developing Countries written by Ms. Corinne C Delechat and published by International Monetary Fund. This book was released on 2024-07-30 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the significance and impact of broad-based and industrial policies on economic diversification in developing economies, supported by a literature review, case studies, and IMF analyses. Economic diversification entails shifting from traditional sectors, like agriculture and mining, to a variety of high-quality services and sectors. This transition is crucial for adapting to global market fluctuations and promoting sustainable growth and improved living standards. A literature review, including many IMF contributions, reveals a strong correlation between economic diversification and improved macroeconomic performance in developing countries, such as faster economic growth and higher incomes per capita. Factors influencing economic diversification include macroeconomic stability, infrastructure quality, workforce skills, credit access, regulatory environment, and income equality. Six case studies highlight the experiences of Costa Rica, Gabon, Georgia, India, Senegal, and Vietnam, demonstrating that successful diversification strategies require a long-term commitment and effective broad-based policies. Industrial policies can support diversification by addressing market failures, but they must be well-designed and effectively implemented. Common lessons include the necessity of maintaining macroeconomic stability, investing in human capital, and fostering competition. Sector-specific mechanisms like Special Economic Zones should be used cautiously, emphasizing underlying bottlenecks and minimizing fiscal costs. Country-specific insights include Costa Rica's strategic policy shift towards export orientation, Gabon's reduced dependence on oil, Georgia's market-friendly policies, India's skilled labor and software clusters, Senegal's infrastructure and business environment improvements, and Vietnam's transition from an agrarian to an industrial economy. The IMF's engagement in diversification emphasizes improving human capital, infrastructure, reducing trade barriers, and promoting international trade integration. Policymakers, researchers, and international organizations increasingly recognize the importance of economic diversification for resilient, sustainable, and inclusive growth, requiring nuanced policy interventions tailored to each country's context and capabilities.

The World Bank Research Observer

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Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The World Bank Research Observer by :

Download or read book The World Bank Research Observer written by and published by . This book was released on 2003 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

When Can Oil Economies Be Deemed Sustainable?

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Publisher : Springer Nature
ISBN 13 : 9811557284
Total Pages : 365 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis When Can Oil Economies Be Deemed Sustainable? by : Giacomo Luciani

Download or read book When Can Oil Economies Be Deemed Sustainable? written by Giacomo Luciani and published by Springer Nature. This book was released on 2020-09-30 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book questions the stereotype depicting all Gulf (GCC) economies as not sustainable, and starts a critical discussion of what these economies and polities should do to guarantee themselves a relatively stable future. Volatile international oil markets and the acceleration of the energy transition has challenged the notion that oil revenues are sufficient to sustain oil economies in the near to medium term. But what is the meaning of economic sustainability? The book discusses the multiple dimensions of the concept: economic diversification, continuing value of resources, taxation and fiscal development, labor market sustainability, sustainable income distribution, environmental sustainability, political order (democracy or authoritarianism) and sustainability, regional integration. The overarching message in this book is that we should move on from the simplistic branding of the Gulf economies as unsustainable and tackle the details of which adaptations they might need to undertake.

Industrial Diversification and Its Potential Impacts on Local Economic Prosperity and Stability

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Publisher :
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.:/5 (77 download)

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Book Synopsis Industrial Diversification and Its Potential Impacts on Local Economic Prosperity and Stability by : Amy Dillon

Download or read book Industrial Diversification and Its Potential Impacts on Local Economic Prosperity and Stability written by Amy Dillon and published by . This book was released on 2006 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Benefits of Export Diversification in Small States

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Publisher : International Monetary Fund
ISBN 13 : 1484351010
Total Pages : 23 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Economic Benefits of Export Diversification in Small States by : Arnold McIntyre

Download or read book Economic Benefits of Export Diversification in Small States written by Arnold McIntyre and published by International Monetary Fund. This book was released on 2018-04-11 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper considers concepts of economic diversification with respect to exports (including service sectors) for small states. We assessed the economic performance of different groups of 34 small states over the period of 1990-2015 and found those more diversified experienced lower output volatility and higher average growth than most other small states. Our findings are consistent with conventional economic theories but we found that export diversification has a more significant impact on reducing output volatility than improving long run growth in small states. Diversification requires fundamental changes and should be contemplated in the context of a cohesive development strategy.

Aid for Trade at a Glance 2019 Economic Diversification and Empowerment

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Publisher : OECD Publishing
ISBN 13 : 9264429514
Total Pages : 532 pages
Book Rating : 4.2/5 (644 download)

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Book Synopsis Aid for Trade at a Glance 2019 Economic Diversification and Empowerment by : OECD

Download or read book Aid for Trade at a Glance 2019 Economic Diversification and Empowerment written by OECD and published by OECD Publishing. This book was released on 2019-07-11 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition analyses how trade can contribute to economic diversification and empowerment, with a focus on eliminating extreme poverty, particularly through the effective participation of women and youth. It shows how aid for trade can contribute to that objective by addressing supply-side capacity and trade-related infrastructure constraints, including for micro-, small- and medium-sized enterprises notably in rural areas.

Trade and Employment

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Publisher :
ISBN 13 : 9789221253211
Total Pages : 0 pages
Book Rating : 4.2/5 (532 download)

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Book Synopsis Trade and Employment by : Marion Jansen

Download or read book Trade and Employment written by Marion Jansen and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Diversification in the GCC

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Publisher : International Monetary Fund
ISBN 13 : 1498303234
Total Pages : 32 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Economic Diversification in the GCC by : Mr.Tim Callen

Download or read book Economic Diversification in the GCC written by Mr.Tim Callen and published by International Monetary Fund. This book was released on 2014-12-23 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be needed in the future when oil revenues start to dwindle. The GCC countries have followed many of the standard policies that are usually thought to promote more diversified economies, including reforms to improve the business climate, the development of domestic infrastructure, financial deepening, and improvements in education. Nevertheless, success to date has been limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the economies—fixing these incentives is the “missing link” in the GCC countries’ diversification strategies. At present, producing non-tradables is less risky and more profitable for firms as they can benefit from the easy availability of low-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public sector jobs discourages nationals from pursuing entrepreneurship and private sector employment. Measures to begin to address these incentive issues could include limiting and reorienting government spending, strengthening private sector competition, providing guarantees and financial support for those firms engaged in export activity, and implementing labor market reforms to make nationals more competitive for private sector employment.

Does What You Export Matter?

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Publisher : World Bank Publications
ISBN 13 : 0821384910
Total Pages : 153 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Does What You Export Matter? by : Daniel Lederman

Download or read book Does What You Export Matter? written by Daniel Lederman and published by World Bank Publications. This book was released on 2012-06-18 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.

Economic Diversification in Oil-Exporting Arab Countries

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Publisher : International Monetary Fund
ISBN 13 : 1498345697
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Economic Diversification in Oil-Exporting Arab Countries by : International Monetary Fund

Download or read book Economic Diversification in Oil-Exporting Arab Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-04-29 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: countries face similar challenges to create jobs and foster more inclusive growth. The current environment of likely durable low oil prices has exacerbated these challenges. The non-oil private sector remains relatively small and, consequently, has been only a limited source of growth and employment. Because oil is an exhaustible resource, new sectors need to be developed so they can take over as the oil and gas industry dwindles. Over-reliance on oil also exacerbates macroeconomic volatility. Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and improve prospects for future generations. Macro-economic stability and supportive regulatory and institutional frameworks are key prerequisites for economic diversification...

Economic Diversification in LICs

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Publisher : International Monetary Fund
ISBN 13 : 1475532180
Total Pages : 22 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Economic Diversification in LICs by : Mr.Chris Papageorgiou

Download or read book Economic Diversification in LICs written by Mr.Chris Papageorgiou and published by International Monetary Fund. This book was released on 2012-12-14 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Limited diversification is an underlying characteristic of many low-income countries (LICs). Concentration in sectors with limited scope for increases in productivity and quality may result in less broad-based and sustainable growth. Moreover, lack of diversification may increase exposure to adverse external shocks and macroeconomic instability. The SDN will have three objectives. First, to review and extend the evidence, from the existing literature and ongoing IMF work, that points to diversification as a crucial aspect of the development process. A major focus will be on cross-country and cross-regional differences in the pace of diversification. Second, to draw lessons from the experiences of those countries that have successfully diversified their economies. Third, to analyze the relationship between diversification, growth, and volatility.

Diversified Development

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Publisher : World Bank Publications
ISBN 13 : 1464801207
Total Pages : 400 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Diversified Development by : Indermit S. Gill

Download or read book Diversified Development written by Indermit S. Gill and published by World Bank Publications. This book was released on 2014-02-26 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Eurasian economies have to become efficient more productive, job-creating, and stable. But efficiency is not the same as diversification. Governments need to worry less about the composition of exports and production and more about asset portfolios natural resources, built capital, and economic institutions.

Kazakhstan: Accelerating Economic Diversification

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Publisher : Asian Development Bank
ISBN 13 : 9292612638
Total Pages : 219 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Kazakhstan: Accelerating Economic Diversification by : Kym Anderson

Download or read book Kazakhstan: Accelerating Economic Diversification written by Kym Anderson and published by Asian Development Bank. This book was released on 2018-08-01 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kazakhstan has the potential to become an economic leader in Central Asia. Relying on oil and gas alone, however, will not produce the long-run level of growth needed to meet this potential. Reforms geared to improve the business climate, enhance competitiveness, and increase private sector participation are essential. This book examines reforms to accelerate economic diversification in the country. This involves not only modernizing and using public resources in agriculture more efficiently to increase productivity, but also transitioning of manufacturing toward high-potential exports to help the country’s industrial development and create employment opportunities. Upgrading innovation of oilfield services and improving transport and logistics are important to increase participation in the global value chains.

Taking the Right Road to Inclusive Growth

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Publisher :
ISBN 13 : 9789290926184
Total Pages : 118 pages
Book Rating : 4.9/5 (261 download)

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Book Synopsis Taking the Right Road to Inclusive Growth by : Norio Usui

Download or read book Taking the Right Road to Inclusive Growth written by Norio Usui and published by . This book was released on 2012 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Publication stock no. RPT124495"--T.p. verso.