Avenues for Export Diversification

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.

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Bibliographic Details
Main Authors: Walkenhorst, Peter, Brenton, Paul, Newfarmer, Richard
Format: Working Paper biblioteca
Language:English
en_US
Published: World Bank, Washington, DC 2009
Subjects:ACCESS TO INFORMATION, ADVERSE EFFECT, AGRICULTURE, AVERAGE PRICE, BARRIER, BARRIER TO ENTRY, BARRIERS TO COMPETITION, BARRIERS TO ENTRY, BILATERAL TRADE, BINDING CONSTRAINTS, BRAND, BUSINESS CLIMATE, BUSINESS ENVIRONMENT, CHLORINE, CLIMATE CHANGE, COMMODITIES, COMMUNICATION TECHNOLOGIES, COMPARATIVE ADVANTAGE, COMPETITIVENESS, COMPREHENSIVE STRATEGY, CONSUMERS, CORPORATE TAXES, COST SAVINGS, CRITICAL MASS, CUSTOMS, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPING COUNTRY MARKETS, DEVELOPING ECONOMIES, DEVELOPMENT ECONOMICS, DEVELOPMENT STRATEGIES, DISTRIBUTION SERVICES, DOMESTIC ECONOMY, DOMESTIC MARKET, DOMESTIC REGULATION, ECONOMIC ANALYSIS, ECONOMIC CONSTRAINTS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC REFORM, ECONOMIES OF SCALE, ELASTICITIES, EMERGING ECONOMIES, EMPIRICAL STUDIES, ENVIRONMENTAL, ENVIRONMENTAL BENEFITS, EXCHANGE RATES, EXPORT DIVERSIFICATION, EXPORT GROWTH, EXPORT MARKET, EXPORT MARKETS, EXPORT PERFORMANCE, EXPORT PRICES, EXPORT PROCESSING, EXPORT PROCESSING ZONES, EXPORT PRODUCTS, EXPORT PROMOTION, EXPORT PROMOTION AGENCIES, EXPORT PROMOTION AGENCY, EXPORT SECTOR, EXPORT STRUCTURE, EXPORT SUPPORT, EXPORT TAX, EXPORTS, FACTORS OF PRODUCTION, FAIR, FAIR TRADE, FINANCIAL SERVICES, FINANCIAL SYSTEM, FINISHED PRODUCT, FISCAL POLICIES, FIXED COSTS, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, GDP, GDP PER CAPITA, GEOGRAPHIC DIVERSIFICATION, GLOBAL ECONOMY, GREENHOUSE GASES, GROSS DOMESTIC PRODUCT, GROWTH IN TRADE, IMPORT PRICE, IMPORTS, INCOME, INCOME GROUPS, INCOME LEVELS, INCREASING RETURNS, INCREASING RETURNS TO SCALE, INEQUALITY, INFORMATION TECHNOLOGY, INTERNATIONAL COMPETITIVENESS, INTERNATIONAL ECONOMICS, INTERNATIONAL ECONOMY, INTERNATIONAL INVESTORS, INTERNATIONAL MARKET, INTERNATIONAL MARKETS, INTERNATIONAL TRADE, INTERNATIONAL TRADE STATISTICS, INVENTORY, INVESTMENT POLICIES, KNOWLEDGE ECONOMY, LABOR COSTS, LABOR MARKET, LOW TARIFFS, LOW-INCOME COUNTRIES, MACROECONOMIC POLICY, MACROECONOMICS, MARGINAL REVENUE, MARKET ENTRY, MARKET EXPANSION, MARKET FAILURE, MARKET FAILURES, MARKET INFORMATION, MARKET PENETRATION, MARKETING, MERCHANDISE, MERCHANDISE TRADE, NATIONAL DEVELOPMENT, NATURAL ENDOWMENTS, NATURAL RESOURCE, NATURAL RESOURCES, NEW MARKET, NEW MARKETS, NEW PRODUCT, NEW PRODUCTS, OPEN MARKETS, OPPORTUNITY COST, OUTPUT, OUTSOURCING, PER CAPITA INCOME, PER CAPITA INCOMES, PERFECT INFORMATION, POLICY ENVIRONMENT, POLICY MAKERS, POLITICAL ECONOMY, POLITICAL ECONOMY OF REFORM, POLITICAL STABILITY, PORTFOLIO, PRICE VOLATILITY, PRIVATE INFRASTRUCTURE, PRODUCERS, PRODUCT DIFFERENTIATION, PRODUCT QUALITY, PRODUCTION COSTS, PRODUCTIVITY, PUBLIC POLICY, QUALITY STANDARDS, RAPID ECONOMIC GROWTH, RAPID GROWTH, REAL EXCHANGE RATES, REGIONAL TRADE, REGIONAL TRADE AGREEMENTS, REGULATORY FRAMEWORK, SALE, SAVINGS, SERVICES MARKETS, SMALL COUNTRIES, SMALL ECONOMY, SOCIAL CAPITAL, SPREAD, SUPPLIER, SUPPLIERS, TARIFF PROTECTION, TECHNOLOGICAL CHANGE, TELECOMMUNICATIONS, TERMS OF TRADE, THIRD MARKETS, TOURISM, TOURISM DEVELOPMENT, TRADE BARRIERS, TRADE DATA, TRADE IN SERVICES, TRADE INTEGRATION, TRADE LIBERALIZATION, TRADE MISSIONS, TRADE NEGOTIATIONS, TRADE OPENNESS, TRADE PERFORMANCE, TRADE POLICY, TRADE PREFERENCES, TRADE PROMOTION, TRADE REGIME, TRADE RELATIONSHIPS, TRANSACTION COSTS, VARIABLE COSTS, WEALTH, WORLD TRADE, WORLD TRADE ORGANIZATION, WTO,
Online Access:http://documents.worldbank.org/curated/en/854381468176334938/Avenues-for-export-diversification-issues-for-low-income-countries
https://hdl.handle.net/10986/27930
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