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

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 , (USA: International Monetary Fund, 0) accessed November 21, 2024

Also available in: français

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.

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

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Also Available in French

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