Sustaining Long-Run Growth and Macroeconomic Stability in Low-Income Countries—The Role of Structural Transformation and Diversification
Policy Papers, March 7, 2014
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- Sustaining Long-Run Growth and Macroeconomic Stability in Low-Income Countries—The Role of Structural Transformation and Diversification
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Bibliographic details
- Published: March 7, 2014
- Series: Policy Papers
- Stock No: ISBN
Summary findings
- 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.
- Transformation can include:
- Diversification into new products and trading partners.
- Increases in the quality of existing products.
Major themes and scope
- Focus areas: Agricultural sector; Economic growth; Export diversification; Exports; Fiscal reforms; Low-income developing countries; Manufacturing sector.
- Publication date: March 7, 2014.
- Accessibility: Also available in français.
- Repository: IMF eLibrary (noted to offer over 25,000 IMF publications in multiple formats).
Publication metadata (as provided)
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Key points for policy consideration (implied by content)
- Promote structural transformation to shift production and export composition as income per capita rises.
- Support diversification strategies that target both new products and new trading partners.
- Invest in upgrading product quality alongside sectoral diversification, including in agriculture and manufacturing.
- Coordinate fiscal and broader macroeconomic policies to support sustainable diversification and growth in LICs.
Source: Sustaining Long-Run Growth and Macroeconomic Stability in Low-Income Countries—The Role of Structural Transformation and Diversification (March 7, 2014) accessed 9/18/2026.
Content in this bundle
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