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Diversifying and Benchmarking Madagascar

In: Proceedings of the Global Conference on Economic Diversification 2024

Author

Listed:
  • Thorvaldur Gylfason

    (University of Iceland
    CESifo)

  • Jean-Pascal N. Nganou

    (World Bank)

Abstract

Because excessive specialisation can be risky, diversification matters for sustainable development. A case study of Madagascar, this paper begins by briefly discussing economic and institutional diversification and presenting a simple model of production possibilities to illuminate the possible contribution of diversification to economic and social development in Madagascar and elsewhere. By comparing Madagascar with its peers, the paper aims to identify policies and strategies that can foster economic and institutional diversification and to suggest pathways for Madagascar to promote the welfare of its people through diversification, aiming also to mitigate climate change and its consequences.

Suggested Citation

  • Thorvaldur Gylfason & Jean-Pascal N. Nganou, 2026. "Diversifying and Benchmarking Madagascar," Springer Proceedings in Business and Economics, in: Keertana Subramani & Hamid Saeed & Fadi Salem (ed.), Proceedings of the Global Conference on Economic Diversification 2024, chapter 0, pages 43-76, Springer.
    • Handle: RePEc:spr:prbchp:978-981-95-2022-0_3
    DOI: 10.1007/978-981-95-2022-0_3
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    More about this item

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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