Economic Diversification in LICs : Stylized Facts and Macroeconomic Implications

Stylized Facts and Macroeconomic Implications

Economic Diversification in LICs : Stylized Facts and Macroeconomic Implications
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 sustainable growth. Moreover, lack of diversification may increase exposure to adverse external shocks and macroeconomic instability.... READ MORE...

Publication date: December 2012
ISBN 9781475532180
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