Export Diversification In Low-Income Countries: An International Challenge After Doha
AbstractThis paper discusses major policy issues related to commodity dependence and export diversification in low-income countries. Contrary to some widely-held view, it argues that natural resources are not necessarily a ‘curse’ that condemns low-income countries to underdevelopment but can provide a basis for sustained export-led growth. Natural resource-based sectors have potential for export diversification. The OECD ‘mirror’ trade data indeed suggest that many different routes to diversification exist, including resource-based manufacturing and processing of primary products. However, these opportunities are far from being exploited in many low-income countries. This is because export diversification is typically a slow process, and this process needs to be sustained by an appropriate and coherent strategy, characterised by a combination of vision, co-ordination and management of conflicting interests. Moreover, the analysis of trade support services in two African countries points to a mismatch between private sector’s needs and services actually provided and to a limited institutional development of the trade and investment support network. The lessons for trade capacity building are important for Africa but are also relevant for other low-income countries.
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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0307001.
Length: 46 pages
Date of creation: 02 Jul 2003
Date of revision:
Note: Type of Document - Acrobat pdf; prepared on IBM PC; to print on HP; pages: 46 ; figures: included
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Web page: http://126.96.36.199
export diversification; resource curse; Doha development agenda; trade capacity building; trade support services;
Other versions of this item:
- Federico Bonaglia & Kiichiro Fukasaku, 2003. "Export Diversification in Low-Income Countries: An International Challenge After Doha," OECD Development Centre Working Papers 209, OECD Publishing.
- Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
This paper has been announced in the following NEP Reports:
- NEP-DEV-2003-07-13 (Development)
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