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Avenues for Export Diversification: Issues for Low-Income Countries

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Author Info

  • Brenton, Paul
  • Newfarmer, Richard
  • Walkenhorst, Peter

Abstract

While diversification of exports is often a desirable trade objective, it is far from clear how best to tap into new opportunities. This paper discusses the range of avenues of diversification, including (i) expanding the range of markets into which existing products are sold (geographic diversification); (ii) upgrading the value of existing products, including agricultural exports (quality diversification); and (iii) taking advantage of opportunities to expand non-merchandise exports (services diversification), in addition to introducing entirely new export products. All offer opportunities for cost-effective positive policies relating to the incentive regime, backbone services, and export support institutions.

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File URL: http://mpra.ub.uni-muenchen.de/22758/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 22758.

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Date of creation: Feb 2009
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Handle: RePEc:pra:mprapa:22758

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Related research

Keywords: Exports; trade; services; growth; low income countries; world markets;

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References

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Citations

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Cited by:
  1. Türkcan, Kemal, 2014. "Investigating the Role of Extensive Margin, Intensive Margin, Price and Quantity Components on Turkey’s Export Growth during 1998-2011," MPRA Paper 53292, University Library of Munich, Germany.
  2. Stephanie Medina Cas & Andrew Swiston & Luis-Diego Barrot, 2012. "Central America, Panama, and the Dominican Republic: Trade Integration and Economic Performance," IMF Working Papers 12/234, International Monetary Fund.
  3. Gnidchenko, Andrey, 2010. "Defragmentation of Economic Growth with a Focus on Diversification: Evidence from Russian Economy," MPRA Paper 27113, University Library of Munich, Germany.
  4. Gnidchenko, Andrey, 2011. "Моделирование Технологических И Институциональных Эффектов В Макроэкономическом Прогнозировании
    [Technologica
    ," MPRA Paper 35484, University Library of Munich, Germany, revised May 2011.
  5. AfDB AfDB, . "Egypt - Competitiveness Report 2010 Update," Africa Competitiveness Report, African Development Bank, number 372, 4.
  6. AfDB AfDB, . "Egypt - Competitiveness Report 2010 Update," Africa Competitiveness Report, African Development Bank, number 984, 4.

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