Download or read book Economic Benefits of Export Diversification in Small States written by Arnold McIntyre and published by International Monetary Fund. This book was released on 2018-04-11 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper considers concepts of economic diversification with respect to exports (including service sectors) for small states. We assessed the economic performance of different groups of 34 small states over the period of 1990-2015 and found those more diversified experienced lower output volatility and higher average growth than most other small states. Our findings are consistent with conventional economic theories but we found that export diversification has a more significant impact on reducing output volatility than improving long run growth in small states. Diversification requires fundamental changes and should be contemplated in the context of a cohesive development strategy.
Download or read book Does What You Export Matter written by Daniel Lederman and published by World Bank Publications. This book was released on 2012-06-18 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.
Download or read book Export Instability and the External Balance in Developing Countries written by Mr.Atish R. Ghosh and published by International Monetary Fund. This book was released on 1994-01-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uncertainty about the export earnings accruing to a country (sometimes referred to as export instability) is an important source of macroeconomic uncertainty in many developing countries. Theory predicts that countries should react to increases in this form of uncertainty by increasing their level of savings. The resulting asset accumulations would then act as the country’s insurance against the greater riskiness in its income stream. The paper tests this implication for a large sample of developing countries. In general, the results suggest that developing countries have indeed responded to increases in export instability by building up precautionary savings balances.
Download or read book Export Instability and Economic Development written by Alasdair Macbean and published by Routledge. This book was released on 2012-07-26 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: When this work was first published in 1966, there was much interest in various types of commodity agreements and compensatory financing as methods of reducing the effects of export fluctuations on the economies of developing countries. The book concluded that short term fluctuations in export earnings, though perhaps important for some countries, did not appear to be the general problem that had been assumed. If correct, it would suggest that any measures should be carefully designed to fit the situations of countries that were affected and be subjected to cost-benefit analysis. This led to many published and unpublished studies on the issues: some supported, others contradicted the book’s conclusions. The data available now are vastly greater and probably more accurate than pre-1966. However, the work and the issues it raised remain important because most schemes proposed to reduce export instability would be costly and likely to divert resources from uses more obviously aimed at raising economic development in most developing countries.
Download or read book Export Instability and Economic Development written by Alasdair I. MacBean and published by Cambridge : Harvard University Press, 1966 [i.e. 1967]. This book was released on 1967 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book After the Galleons written by Benito Justo Legarda and published by Center for Southeast Asian Studies 1. This book was released on 1999 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the Galleons tracks the progress of Philippine foreign trade in the nineteenth century from the end of the galleon trade to the Philippine Revolution. Distributed for the Center for Southeast Asian Studies at the University of Wisconsin–Madison.
Download or read book Export Diversification in Low Income Countries and Small States Do Country Size and Income Level Matter written by Dongyeol Lee and published by International Monetary Fund. This book was released on 2019-05-24 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and its volatility in LICs and small states, using a range of indices of export concentration differing in the coverage of industries. The empirical analysis finds that export diversification may promote economic growth and reduce economic volatility in these countries. Furthermore, the analysis demonstrates that the economic benefits of export diversification differ by country size and income level—there are bigger benefits for relatively larger and poorer countries within the group of LICs and small states.
Download or read book Economic Development Policies in Resource rich Countries written by Miguel Urrutia and published by United Nations University Press. This book was released on 1988 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Introduction to Development Economics written by Subrata Ghatak and published by Psychology Press. This book was released on 1995 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the major economic issues confronting less-developed countries.
Download or read book OECD FAO Agricultural Outlook 2018 2027 written by OECD and published by OECD Publishing. This book was released on 2018-07-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fourteenth joint edition of the OECD-FAO Agricultural Outlook provides market projections for major agricultural commodities, biofuels and fish, as well as a special feature on the prospects and challenges of agriculture and fisheries in the Middle East and North Africa.
Download or read book China s Changing Trade and the Implications for the CLMV written by Mr.Koshy Mathai and published by International Monetary Fund. This book was released on 2016-09-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s trade patterns are evolving. While it started in light manufacturing and the assembly of more sophisticated products as part of global supply chains, China is now moving up the value chain, “onshoring” the production of higher-value-added upstream products and moving into more sophisticated downstream products as well. At the same time, with its wages rising, it has started to exit some lower-end, more labor-intensive sectors. These changes are taking place in the broader context of China’s rebalancing—away from exports and toward domestic demand, and within the latter, away from investment and toward consumption—and as a consequence, demand for some commodity imports is slowing, while consumption imports are slowly rising. The evolution of Chinese trade, investment, and consumption patterns offers opportunities and challenges to low-wage, low-income countries, including China’s neighbors in the Mekong region. Cambodia, Lao P.D.R., Myanmar, and Vietnam (the CLMV) are all open economies that are highly integrated with China. Rebalancing in China may mean less of a role for commodity exports from the region, but at the same time, the CLMV’s low labor costs suggest that manufacturing assembly for export could take off as China becomes less competitive, and as China itself demands more consumption items. Labor costs, however, are only part of the story. The CLMV will need to strengthen their infrastructure, education, governance, and trade regimes, and also run sound macro policies in order to capitalize fully on the opportunities presented by China’s transformation. With such policy efforts, the CLMV could see their trade and integration with global supply chains grow dramatically in the coming years.
Download or read book International Commodity Control written by Fiona Gordon-Ashworth and published by Taylor & Francis. This book was released on 2024-02-01 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1984, at a time when international commodity control was brought from the periphery to the centre of international trade policy, this book provided a new and more comprehensive approach to, and an analytical appraisal of, international commodity controls, from their origins in the 1920s to their widespread acceptance as an important element in international trade policy in the 1970s. The first part establishes the economic and institutional background against which controls were introduced and includes sections on a wide range of issues such as the changing structure of world commodity trade and the roles of GATT, UNCTAD and the former EEC. Part 2 considers the principal control mechanisms which have been used at the international level and review the national counterparts and alternatives. Part 3 assesses on a commodity-by-commodity basis how the control worked in practice. It covers all the international commodity agreements to 1982 and also considers examples of raw material cartels.
Download or read book Development Problems of Mineral exporting Countries written by Gobind Nankani and published by . This book was released on 1979 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Commodity Policies written by Alasdair I. MacBean and published by Taylor & Francis. This book was released on 2024-02-01 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1987, this book discusses the key issues concerned with primary commodity trade worldwide. Primary commodities are crucially important for many developing countries because very often exports in just one or two primary commodities form the sole source of income for a developing country. Developing countries need above all stability in primary commodities trade to guarantee their future development. This book examines patterns of trade, changing demand and the effects of fluctuations in spot and futures markets. It analyses theories put forward to explain the problems and it reviews the research of the many international organisations which are concerned with the problems. It examines the international agreements and bodies which have been set up to stabilise trade and assesses the performance of these agreements and organisations.
Download or read book Staff Studies for the World Econ Outlook August 1987 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1987-01-01 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the long-term growth performance of the major industrial countries and discusses some of the many factors that have been identified as possible sources of the marked slowdown in growth since the early 1970s. According to the view of different demographic developments across countries, it is useful to break the growth of output down into changes in tabor input and changes in labor productivity in order to obtain a basis for cross-country comparisons. Wage behavior in the face of energy price shocks appears to have differed considerably among the major industrial countries. Increased uncertainty, reflecting, in particular, changes in the international economic environment and the stop-go financial policies of several of the major countries during the 1970s, and is frequently cited as a possible reason for the slowdown in growth, mainly through its impact on private investment. Views on the contribution of slower net capital accumulation to the deceleration in growth depend upon assessments of whether the efficiency of investment declined significantly after 1973 and on assumptions made about technological change and the embodiment of technical progress.
Download or read book Economic Implications of the Size of Nations written by Khalaf and published by BRILL. This book was released on 2023-11-27 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Harry G Johnson on Trade Strategy Economic Policy written by Harry G. Johnson and published by Taylor & Francis. This book was released on 2022-07-30 with total page 938 pages. Available in PDF, EPUB and Kindle. Book excerpt: Harry G. Johnson was best known for his work on monetary theory and international economics, but he was also very active in the theory of distribution, trade strategy and development economics. These 4 books, originally published between 1967 and 1971 explore: The relationship between nationalism and economic development Trade policy to promote development The use of geometrical tools in international trade theory Issues surrounding multi-lateral free trade.
