Is Export Diversification the Best Way to Achieve Export Growth and Stability?

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4./5 ( download)

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Book Synopsis Is Export Diversification the Best Way to Achieve Export Growth and Stability? by : Ridwan Ali

Download or read book Is Export Diversification the Best Way to Achieve Export Growth and Stability? written by Ridwan Ali and published by World Bank Publications. This book was released on 1991 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers - concerned with the instability and downward trend in export earnings for Malawi, Tanzania, and Zimbabwe between 1961 and 1987 - tend to propose the remedy of export diversification. But horizontal diversification would have produced lower export earnings and more instability.

Is Export Diversification the Best Way to Achieve Export Growth and Stability?

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Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (777 download)

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Book Synopsis Is Export Diversification the Best Way to Achieve Export Growth and Stability? by : Rabia Ali

Download or read book Is Export Diversification the Best Way to Achieve Export Growth and Stability? written by Rabia Ali and published by . This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Breaking Into New Markets

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Publisher : World Bank Publications
ISBN 13 : 9780821376386
Total Pages : 290 pages
Book Rating : 4.3/5 (763 download)

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Book Synopsis Breaking Into New Markets by : Richard Newfarmer

Download or read book Breaking Into New Markets written by Richard Newfarmer and published by World Bank Publications. This book was released on 2009-03-12 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: International trade in 2009 is projected to contract for the first time since 1982. As a result, export diversifi cation has gained new urgency as one way of using exports to recover lost growth momentum. Moreover, diversifi cation is central to reducing income volatility and sustaining high growth rates, which are especially important for countries with large populations living in poverty. In the 1950s, countries became concerned that their dependence on primary products would lead to steady falls in the purchasing power of primary exports and thus slow growth. A major policy objective of developing countries since that time has been to diversify out of primary products into manufactures. Although some nations have been at least partially successful, many low-income countries remain dependent on a narrow range of primary products. 'Breaking Into New Markets' argues for a comprehensive view of diversifi cation. It explores new thinking and evidence about export diversifi cation and elaborates on policies for its promotion. These policies span tariffs and taxes, services, and government activities to help fi rms take advantage of global opportunities. The book is a compilation of chapters written as short, policy-focused pieces. Many digest longer, more academic papers in an effort to make the information accessible to a larger policy and nontechnical audience. In that sense, the book is a policy primer on what export diversifi cation can and cannot do for growth and how to make diversifi cation happen. Intelligently designed policies that effi ciently address the obstacles to export growth are critical for overall economic growth and poverty reduction. This book offers insights useful to policy makers and practitioners as they embark on efforts to design new programs of competitiveness in their trade strategies.

Economic Benefits of Export Diversification in Small States

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Author :
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.

Economic Benefits of Export Diversification in Small States

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Publisher : International Monetary Fund
ISBN 13 : 1484351622
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.

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.

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.

Understanding Export Diversification: Key Drivers and Policy Implications

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Publisher : International Monetary Fund
ISBN 13 : 1498313086
Total Pages : 29 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Understanding Export Diversification: Key Drivers and Policy Implications by : Rahul Giri

Download or read book Understanding Export Diversification: Key Drivers and Policy Implications written by Rahul Giri and published by International Monetary Fund. This book was released on 2019-05-10 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: We identify key factors, from large set of potential determinants, that explain the variation in export diversification across countries and over time using Bayesian Model Averaging (BMA), which addresses model uncertainty and ranks factors in order of importance vis-a-vis their explanatory power. Our analysis suggests, in order to diversify, policy makers should prioritize human capital accumulation and reduce barriers to trade. Other policy areas include improving quality of institutions and developing the financial sector. For commodity exporters reducing barriers to trade is the most important driver of diversification, followed by improving education outcomes at the secondary level and financial sector development.

Increasing Export Diversification in Commodity-Exporting Countries

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Publisher : International Monetary Fund
ISBN 13 : 1451947399
Total Pages : 32 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Increasing Export Diversification in Commodity-Exporting Countries by : Mr.Dean A. DeRosa

Download or read book Increasing Export Diversification in Commodity-Exporting Countries written by Mr.Dean A. DeRosa and published by International Monetary Fund. This book was released on 1991-10-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper draws on the neoclassical theory of international trade to examine the limits of efficient export diversification in low-income, commodity-exporting countries. It demonstrates the fundamental importance of relative factor endowments among countries for determining the commodity composition of international trade flows under both certain and uncertain economic conditions. In recognition of the importance of international financial markets for risk-spreading and allocating resources efficiently under uncertainty, the paper emphasizes the importance of “open” economic policies towards international trade in financial assets as well as goods.

Export Diversification in South Korea: Determinants and Implications

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Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659685477
Total Pages : 80 pages
Book Rating : 4.6/5 (854 download)

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Book Synopsis Export Diversification in South Korea: Determinants and Implications by : Embareka Abouellail

Download or read book Export Diversification in South Korea: Determinants and Implications written by Embareka Abouellail and published by LAP Lambert Academic Publishing. This book was released on 2015-02-19 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Export diversification is considered an effective remedy for avoiding uncertainties in terms of international trade, achieving stability in export earnings, and long run sustained economic growth. Here we explore the macroeconomic and structural factors affecting export diversification and try to fill the gap in the existing literature by examining empirically the effect of these factors on both forms of export diversification, product diversification and geographical diversification, by using the Export Diversification Composite Index, as well as we examine the real impact of export diversification policy on export growth and overall economic growth by testing the hypothesis of the export diversification-led growth strategy in South Korea. The empirical result reveals that the Korean government has had a pivotal role in the successful implementation of the export diversification strategy. Moreover, it proves that an export growth strategy accompanied by export diversification policy has a significant effect on the economic growth over the export growth strategy alone.

Leveraging Export Diversification in Fragile Countries

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Publisher : World Bank Publications
ISBN 13 : 1464814902
Total Pages : 165 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Leveraging Export Diversification in Fragile Countries by : José López-Cálix

Download or read book Leveraging Export Diversification in Fragile Countries written by José López-Cálix and published by World Bank Publications. This book was released on 2020-02-12 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite multiple past efforts, fragile Sub-Saharan African economies such as those of Mali, Chad, Niger, and Guinea still rank among the least diversified worldwide, with natural resources constituting a high share of their gross domestic product or exports. Large-scale production of gold for Mali, oil for Chad, uranium for Niger, and bauxite for Guinea offers substantial opportunities, but also has major shortcomings. Conclusive evidence shows poor economic performance by resource-rich but fragile Sub-Saharan African countries. The primary reason is not only their high vulnerability to external shocks, but the greed or grievances that typically lead to rents appropriation by a small group of elites in countries that are prone to conflict. Leveraging Export Diversifi cation in Fragile Countries explores the following questions: What are Mali’s, Chad’s, Niger’s, and Guinea’s main constraints to export diversification as perceived by key exporting firms? How it could be beneficial for these countries to target certain emerging export products? Are their current interventions to promote global value chain (GVC) adequate? What lessons can be extracted from specific cases? How can trade and logistic policies favor (or hamper) export diversification†“led growth? The book lays the groundwork for effective step-by-step multidimensional policies to propel export diversification in fragile economies that are hindered not only by poor governance and weak institutions, but also by their landlocked position (except Guinea), small domestic markets, and business-unfriendly environments. Recognizing that traditional project interventions in these countries have had limited success, mainly due to their unidimensional focus on single components of an agricultural value chain, the book proposes a GVC 2.0 cluster-based approach to export diversification, in which complementary efforts attract foreign firms and public investment in support of agribusiness. Promising pilot examples of joint implementation plans among multiple donors, risk-sharing facilities, and agribusiness clusters provide valuable insights into recent global value chain developer interventions.

Decomposition of Export Growth Into Diversification Patterns

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Publisher : GRIN Verlag
ISBN 13 : 3656067848
Total Pages : 37 pages
Book Rating : 4.6/5 (56 download)

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Book Synopsis Decomposition of Export Growth Into Diversification Patterns by : Kerfalla Conte

Download or read book Decomposition of Export Growth Into Diversification Patterns written by Kerfalla Conte and published by GRIN Verlag. This book was released on 2011-12 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2010 in the subject Business economics - Trade and Distribution, course: Technical-paper/ Private research, language: English, abstract: This paper explores the extent to which products and product-markets diversifications contribute to export growth. It has used the bilateral trade at a very detailed level across countries, between 1996 and 2008. The results suggest that the export growth comes mainly from the intensive margin, i.e. product lines that had been already exported to the existing established trading partners. The decline in export, either due to the fall or the extinction in the existing established trade relationships, occurs more substantially on export growth for developed countries than for developing countries. And the appearance of new exports (extensive margin), either new products or markets, represents a vital source in export earnings for the developing countries, especially for the least developed countries (LDCs).

The Impact of Diversification on Export Earnings Stability

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Publisher :
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis The Impact of Diversification on Export Earnings Stability by : Tahi Jacques Gnepa

Download or read book The Impact of Diversification on Export Earnings Stability written by Tahi Jacques Gnepa and published by . This book was released on 1989 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Sustaining Long-Run Growth and Macroeconomic Stability in Low-Income Countries—The Role of Structural Transformation and Diversification

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Publisher : International Monetary Fund
ISBN 13 : 1498343686
Total Pages : 55 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Sustaining Long-Run Growth and Macroeconomic Stability in Low-Income Countries—The Role of Structural Transformation and Diversification by : International Monetary Fund

Download or read book Sustaining Long-Run Growth and Macroeconomic Stability in Low-Income Countries—The Role of Structural Transformation and Diversification written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-07-03 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diversification and structural transformation play important roles in influencing the macroeconomic performance of low-income countries (LICs). Increases in income per capita at early stages of development are typically accompanied by a transformation in a country’s production and export structure. This can include diversification into new products and trading partners as well as increases in the quality of existing products.

Sustaining Long-Run Growth and Macroeconomic Stability in Low Income Countries - The Role of Structural Transformation and Diversification - Background Notes

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Publisher : International Monetary Fund
ISBN 13 : 149834366X
Total Pages : 107 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Sustaining Long-Run Growth and Macroeconomic Stability in Low Income Countries - The Role of Structural Transformation and Diversification - Background Notes by : International Monetary Fund

Download or read book Sustaining Long-Run Growth and Macroeconomic Stability in Low Income Countries - The Role of Structural Transformation and Diversification - Background Notes written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-07-03 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

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.

Breaking the Oil Spell

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Publisher : International Monetary Fund
ISBN 13 : 1513537865
Total Pages : 212 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Breaking the Oil Spell by : Reda Cherif

Download or read book Breaking the Oil Spell written by Reda Cherif and published by International Monetary Fund. This book was released on 2016-04-15 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The “Gulf Falcons”—the countries of the Gulf Cooperation Council—have high living standards as a result of large income flows from oil. The decline of oil prices between summer 2014 and fall 2015 underscores the urgency for the Gulf Falcons to diversify away from their current heavy reliance on oil exports. This book discusses attempts at diversification in the Middle East and North Africa and the complex choices policymakers face. It brings together the views of academics and policymakers to offer practical advice for future efforts to increase productivity growth.