Series: Staff Discussion Notes
Author(s): Chris Papageorgiou , and Nicola Spatafora
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 December 2012
Keywords: Trade and real-sector diversification, quality upgrading, volatility, growth, LICs, export diversification, external shocks, external trade, total exports, trading partners
Limited diversification is an underlying characteristic of many low-income countries (LICs). Concentration in sectors with limited scope for increases in productivity and quality may result in less broad-based and...