Policy Papers

Sustaining Long-Run Growth and Macroeconomic Stability in Low-Income Countries—The Role of Structural Transformation and Diversification

Publication Date:

March 7, 2014

Electronic Access:

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Summary:

Diversification and structural transformation play important roles in influencing the macroeconomic performance of low-income countries (LICs). Increases in income per capita at early stages of development are typically accompanied by a transformation in a country’s production and export structure. This can include diversification into new products and trading partners as well as increases in the quality of existing products.

Series:

Policy Papers

Subject:

Agricultural sector Economic growth Export diversification Exports Fiscal reforms Low-income developing countries Manufacturing sector

Notes:

Also Available in French