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

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 struct...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014.
Series:Policy Papers; Policy Paper ; No. 2014/038
Online Access:Full text available on IMF
Description
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.
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Physical Description:1 online resource (54 pages)
Format:Mode of access: Internet
ISSN:2663-3493
Access:Electronic access restricted to authorized BRAC University faculty, staff and students