Export Diversification In Low-Income Countries: An International Challenge After Doha
This 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.
|Date of creation:||02 Jul 2003|
|Note:||Type of Document - Acrobat pdf; prepared on IBM PC; to print on HP; pages: 46 ; figures: included|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Paul Cashin & C. John McCDermott, 2002.
"The Long-Run Behavior of Commodity Prices: Small Trends and Big Variability,"
IMF Staff Papers,
Palgrave Macmillan, vol. 49(2), pages 1-2.
- Paul Cashin & C. John McDermott, 2001. "The Long-Run Behavior of Commodity Prices; Small Trends and Big Variability," IMF Working Papers 01/68, International Monetary Fund.
- Blomström, Magnus & Kokko, Ari, 2002. "From Natural Resources to High-Tech Production: The Evolution of Industrial Competitiveness in Sweden and Finland," EIJS Working Paper Series 139, The European Institute of Japanese Studies.
- Blomström, Magnus & Kokko, Ari, 2003. "From Natural Resources to High-tech Production: The Evolution of Industrial Competitiveness in Sweden and Finland," CEPR Discussion Papers 3804, C.E.P.R. Discussion Papers.
- Agosin, M., 1997. "Export Performance in Chile: Lessons for Africa," Research Paper 144, World Institute for Development Economics Research. Full references (including those not matched with items on IDEAS)