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Avenues for Export Diversification: Issues for Low-Income Countries

Author

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  • 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.

Suggested Citation

  • Brenton, Paul & Newfarmer, Richard & Walkenhorst, Peter, 2009. "Avenues for Export Diversification: Issues for Low-Income Countries," MPRA Paper 22758, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22758
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    File URL: https://mpra.ub.uni-muenchen.de/22758/2/MPRA_paper_22758.pdf
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. AfDB AfDB, . "Egypt - Competitiveness Report 2010 Update," Africa Competitiveness Report, African Development Bank, number 372.
    2. Türkcan, Kemal, 2016. "On the role of vertical differentiation in enhancing survival of export flows: Evidence from a developing country," MPRA Paper 71023, University Library of Munich, Germany.
    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
      [Technological and Institutional Effects Modeling in Macroeconomic Forecasting]
      ," MPRA Paper 35484, University Library of Munich, Germany, revised May 2011.
    5. 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.
    6. Türkcan, Kemal & Saygili, Hülya, 2017. "On the role of vertical differentiation in enhancing the survival of export flows: Evidence from a developing country," Economics Discussion Papers 2017-81, Kiel Institute for the World Economy (IfW).
    7. Stephanie Medina Cas & Andrew J Swiston & Luis D Barrot, 2012. "Central America, Panama, and the Dominican Republic; Trade Integration and Economic Performance," IMF Working Papers 12/234, International Monetary Fund.
    8. Golub, Stephen & Hayat, Faraz, 2014. "Employment, unemployment, and underemployment in Africa," WIDER Working Paper Series 014, World Institute for Development Economic Research (UNU-WIDER).
    9. AfDB AfDB, . "Egypt - Competitiveness Report 2010 Update," Africa Competitiveness Report, African Development Bank, number 984.
    10. Wiig, Arne & Kolstad, Ivar, 2012. "If diversification is good, why don't countries diversify more? The political economy of diversification in resource-rich countries," Energy Policy, Elsevier, vol. 40(C), pages 196-203.

    More about this item

    Keywords

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

    JEL classification:

    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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