Diversification Paths: What can Mongolia Learn from the Export Trends of Other Resource Dependent Countries?

doi:https://doi.org/10.1596/41814

Publication:
Diversification Paths: What can Mongolia Learn from the Export Trends of Other Resource Dependent Countries?

dc.contributor.author	Betcherman, Gordon
dc.contributor.author	Jalil, Mohammad Muaz
dc.date.accessioned	2024-07-02T20:08:13Z
dc.date.available	2024-07-02T20:08:13Z
dc.date.issued	2024-07-02
dc.description.abstract	Mongolia has benefited from its mineral wealth, but diversification is now a major priority. But to what extent is diversification possible, and what will it look like This paper adopts the growth identification and facilitation framework methodology to examine the extent to which other resource-rich countries at a higher level of development than Mongolia have diversified the products and services they export. The literature on diversification underscores the challenges resource-dependent economies face in diversifying, and this is supported by our analysis. The authors find that the export baskets of the six resource-rich comparator countries studied tended to be even more concentrated on resources in 2019 than they had been in 2001. There was little evidence of new industrial products emerging as important exports, and services remained a small part of total trade. However, in most of the countries, exports of some high-productivity and tradable services had grown significantly, even if they still accounted for relatively small shares of overall trade. Like the other countries included in the study, Mongolia faces challenges in diversifying out of mining, especially in terms of new manufacturing industries where its remoteness and small population are significant constraints. However, the experiences of other resource-rich countries, as well as Mongolia’s endowments, suggest that high-productivity and tradable services, such as business services and telecommunications, computer, and information services, may hold promise for future growth and diversification.	en
dc.identifier	http://documents.worldbank.org/curated/en/099714206282410198/IDU16d719656165b9141a319a9e1fa63393a81ff
dc.identifier.doi	10.1596/41814
dc.identifier.uri	https://hdl.handle.net/10986/41814
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.relation.ispartofseries	Jobs Working Paper; Issue No. 82
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by/3.0/igo
dc.subject	PRODUCTIVITY ENHANCING POLICY
dc.subject	TRADE
dc.subject	TRADE AND COMMODITY FINANCE
dc.subject	INDUSTRY, INNOVATION AND INFRASTRUCTURE
dc.subject	SDG 9
dc.title	Diversification Paths	en
dc.title.subtitle	What can Mongolia Learn from the Export Trends of Other Resource Dependent Countries?	en
dc.type	Working Paper (Numbered Series)
dspace.entity.type	Publication
okr.crossref.title	Diversification Paths: What can Mongolia Learn from the Export Trends of Other Resource Dependent Countries?
okr.date.disclosure	2024-07-02
okr.date.lastmodified	2024-06-28T00:00:00Z	en
okr.doctype	Working Paper (Numbered Series)
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/099714206282410198/IDU16d719656165b9141a319a9e1fa63393a81ff
okr.guid	099714206282410198
okr.identifier.docmid	IDU-6d719656-65b9-41a3-9a9e-fa63393a81ff
okr.identifier.doi	https://doi.org/10.1596/41814
okr.identifier.externaldocumentum	34353153
okr.identifier.internaldocumentum	34353153
okr.identifier.report	192087
okr.import.id	4668
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099714206282410198/pdf/IDU16d719656165b9141a319a9e1fa63393a81ff.pdf	en
okr.region.geographical	World
okr.topic	Industry::Industrial Management
okr.topic	International Economics and Trade::International Trade and Trade Rules
okr.topic	International Economics and Trade::Access to Markets
okr.topic	International Economics and Trade::Trade Policy
okr.unit	Social Protection & Labor ECA (HECSP)