Publication: Avenues for Export Diversification: Issues for Low-Income Countries
Date
2009
ISSN
Published
2009
Author(s)
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.
Citation
“Brenton, Paul; Newfarmer, Richard; Walkenhorst, Peter. 2009. Avenues for Export Diversification : Issues for Low-Income Countries. Commission on Growth and Development Working Paper;No. 47. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/27930 License: CC BY 3.0 IGO.”