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Avenues for Export Diversification: Issues for Low-Income Countries

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

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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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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  1. Hausmann, Ricardo & Hwang, Jason & Rodrik, Dani, 2006. "What You Export Matters," CEPR Discussion Papers 5444, C.E.P.R. Discussion Papers.
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  7. Collier, Paul & Venables, Anthony J, 2007. "Rethinking Trade Preferences: How Africa Can Diversify its Exports," CEPR Discussion Papers 6262, C.E.P.R. Discussion Papers.
  8. 103371146351618806967769 & 103821114673193582801222 & 134650063502366023878616 & 166925702237097046581564 & 16904962101350227812313 & 177735673148266593763119 & 31910087120593678287706 & 1352044202764, 2007. "Natural Resources: Neither Curse nor Destiny," IDB Publications (Books), Inter-American Development Bank, number 59538 edited by 103821114673193582801222 & 16904962101350227812313.
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  13. Amurgo-Pacheco, Alberto & Pierola, Martha Denisse, 2008. "Patterns of export diversification in developing countries : intensive and extensive margins," Policy Research Working Paper Series 4473, The World Bank.
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  16. Lutz, Matthias & Singer, H. W., 1994. "The link between increased trade openness and the terms of trade: An empirical investigation," World Development, Elsevier, vol. 22(11), pages 1697-1709, November.
  17. Brenton, Paul & Newfarmer, Richard, 2007. "Watching more than the Discovery channel : export cycles and diversification in development," Policy Research Working Paper Series 4302, The World Bank.
  18. Hoekman, Bernard, 2006. "Liberalizing trade in services : a survey," Policy Research Working Paper Series 4030, The World Bank.
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  21. Dirk Pilat & Anita Wölfl, 2005. "Measuring the Interaction Between Manufacturing and Services," OECD Science, Technology and Industry Working Papers 2005/5, OECD Publishing.
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