EXPORT DIVERSIFICATION IN LOW-INCOME COUNTRIES: AN INTERNATIONAL CHALLENGE AFTER DOHA
Federico Bonaglia () and
Kiichiro Fukasaku ()
Development and Comp Systems from University Library of Munich, Germany
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.
Keywords: export diversification; resource curse; Doha development agenda; trade capacity building; trade support services (search for similar items in EconPapers)
JEL-codes: Q33 Q17 F13 F14 (search for similar items in EconPapers)
Pages: 46 pages
New Economics Papers: this item is included in nep-dev
Note: Type of Document - Acrobat pdf; prepared on IBM PC; to print on HP; pages: 46 ; figures: included
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Working Paper: Export Diversification in Low-Income Countries: An International Challenge After Doha (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpdc:0307001
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