Breaking into New Markets, Raising Quality, and Improving Services : Neglected Avenues for Export Diversification
Expanding international trade is an important avenue for growth and development in low-income countries. In addition to increasing the quantity of existing export flows, many countries seek to diversify into production and export activities that pr...
| Main Authors: | , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2009/09/11361592/breaking-new-markets-raising-quality-improving-services-neglected-avenues-export-diversification http://hdl.handle.net/10986/11109 |
| id |
okr-10986-11109 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-111092021-04-23T14:02:54Z Breaking into New Markets, Raising Quality, and Improving Services : Neglected Avenues for Export Diversification Brenton, Paul Walkenhorst, Peter BARRIERS TO COMPETITION BINDING CONSTRAINTS BUSINESS CLIMATE BUSINESS ENVIRONMENT COMPARATIVE ADVANTAGE COMPETITIVENESS COSTS OF TRANSPORTATION CRITICAL MASS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RESEARCH EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORTS FINANCIAL SECTOR FOREIGN BUYERS FOREIGN MARKETS GDP GDP PER CAPITA GEOGRAPHIC DIVERSIFICATION GLOBAL MARKET GLOBAL MARKETS GROWTH POTENTIAL INCENTIVE STRUCTURE INCOME INCOME LEVELS INFORMATION TECHNOLOGY INTELLECTUAL PROPERTY INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT POLICIES LABOR MARKET LOW-INCOME COUNTRIES LOW-INCOME COUNTRY MARKET FAILURES MARKET PENETRATION MERCHANDISE MERCHANDISE EXPORTS NEW MARKETS NEW PRODUCTS OUTSOURCING PER CAPITA INCOME PER CAPITA INCOMES POLICY MAKERS PORTFOLIO PORTFOLIOS PRODUCT DIFFERENTIATION PRODUCT QUALITY PRODUCTION COSTS PRODUCTIVITY PROPERTY RIGHTS PUBLIC POLICY REGULATORY FRAMEWORK TAX TECHNOLOGICAL CHANGE TELECOMMUNICATIONS TRADE POLICY TRANSACTION COSTS TRANSPORT TRANSPORT COSTS TRANSPORTATION COSTS UNCERTAINTIES Expanding international trade is an important avenue for growth and development in low-income countries. In addition to increasing the quantity of existing export flows, many countries seek to diversify into production and export activities that provide a higher return to the labor and capital resources employed. Export diversity also reduces a country's vulnerability to pronounced price swings in international markets. This note reviews the findings of a series of papers on the diversification process contained in Newfarmer, Shaw, and Walkenhorst (2009). The analysis suggests that there has been too much focus on simply adding new products to export portfolios, which often underscores the use of industrial policies. While such actions are important, a more comprehensive view of diversification, and hence a more comprehensive trade policy, is needed that improves the quality of existing exports, breaks into new geographic markets, and increases services exports. 2012-08-13T14:10:15Z 2012-08-13T14:10:15Z 2009-09 http://documents.worldbank.org/curated/en/2009/09/11361592/breaking-new-markets-raising-quality-improving-services-neglected-avenues-export-diversification http://hdl.handle.net/10986/11109 English PREM Notes; No. 143 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
BARRIERS TO COMPETITION BINDING CONSTRAINTS BUSINESS CLIMATE BUSINESS ENVIRONMENT COMPARATIVE ADVANTAGE COMPETITIVENESS COSTS OF TRANSPORTATION CRITICAL MASS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RESEARCH EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORTS FINANCIAL SECTOR FOREIGN BUYERS FOREIGN MARKETS GDP GDP PER CAPITA GEOGRAPHIC DIVERSIFICATION GLOBAL MARKET GLOBAL MARKETS GROWTH POTENTIAL INCENTIVE STRUCTURE INCOME INCOME LEVELS INFORMATION TECHNOLOGY INTELLECTUAL PROPERTY INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT POLICIES LABOR MARKET LOW-INCOME COUNTRIES LOW-INCOME COUNTRY MARKET FAILURES MARKET PENETRATION MERCHANDISE MERCHANDISE EXPORTS NEW MARKETS NEW PRODUCTS OUTSOURCING PER CAPITA INCOME PER CAPITA INCOMES POLICY MAKERS PORTFOLIO PORTFOLIOS PRODUCT DIFFERENTIATION PRODUCT QUALITY PRODUCTION COSTS PRODUCTIVITY PROPERTY RIGHTS PUBLIC POLICY REGULATORY FRAMEWORK TAX TECHNOLOGICAL CHANGE TELECOMMUNICATIONS TRADE POLICY TRANSACTION COSTS TRANSPORT TRANSPORT COSTS TRANSPORTATION COSTS UNCERTAINTIES |
| spellingShingle |
BARRIERS TO COMPETITION BINDING CONSTRAINTS BUSINESS CLIMATE BUSINESS ENVIRONMENT COMPARATIVE ADVANTAGE COMPETITIVENESS COSTS OF TRANSPORTATION CRITICAL MASS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ECONOMICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC RESEARCH EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORTS FINANCIAL SECTOR FOREIGN BUYERS FOREIGN MARKETS GDP GDP PER CAPITA GEOGRAPHIC DIVERSIFICATION GLOBAL MARKET GLOBAL MARKETS GROWTH POTENTIAL INCENTIVE STRUCTURE INCOME INCOME LEVELS INFORMATION TECHNOLOGY INTELLECTUAL PROPERTY INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT POLICIES LABOR MARKET LOW-INCOME COUNTRIES LOW-INCOME COUNTRY MARKET FAILURES MARKET PENETRATION MERCHANDISE MERCHANDISE EXPORTS NEW MARKETS NEW PRODUCTS OUTSOURCING PER CAPITA INCOME PER CAPITA INCOMES POLICY MAKERS PORTFOLIO PORTFOLIOS PRODUCT DIFFERENTIATION PRODUCT QUALITY PRODUCTION COSTS PRODUCTIVITY PROPERTY RIGHTS PUBLIC POLICY REGULATORY FRAMEWORK TAX TECHNOLOGICAL CHANGE TELECOMMUNICATIONS TRADE POLICY TRANSACTION COSTS TRANSPORT TRANSPORT COSTS TRANSPORTATION COSTS UNCERTAINTIES Brenton, Paul Walkenhorst, Peter Breaking into New Markets, Raising Quality, and Improving Services : Neglected Avenues for Export Diversification |
| relation |
PREM Notes; No. 143 |
| description |
Expanding international trade is an
important avenue for growth and development in low-income
countries. In addition to increasing the quantity of
existing export flows, many countries seek to diversify into
production and export activities that provide a higher
return to the labor and capital resources employed. Export
diversity also reduces a country's vulnerability to
pronounced price swings in international markets. This note
reviews the findings of a series of papers on the
diversification process contained in Newfarmer, Shaw, and
Walkenhorst (2009). The analysis suggests that there has
been too much focus on simply adding new products to export
portfolios, which often underscores the use of industrial
policies. While such actions are important, a more
comprehensive view of diversification, and hence a more
comprehensive trade policy, is needed that improves the
quality of existing exports, breaks into new geographic
markets, and increases services exports. |
| format |
Publications & Research :: Brief |
| author |
Brenton, Paul Walkenhorst, Peter |
| author_facet |
Brenton, Paul Walkenhorst, Peter |
| author_sort |
Brenton, Paul |
| title |
Breaking into New Markets, Raising Quality, and Improving Services : Neglected Avenues for Export Diversification |
| title_short |
Breaking into New Markets, Raising Quality, and Improving Services : Neglected Avenues for Export Diversification |
| title_full |
Breaking into New Markets, Raising Quality, and Improving Services : Neglected Avenues for Export Diversification |
| title_fullStr |
Breaking into New Markets, Raising Quality, and Improving Services : Neglected Avenues for Export Diversification |
| title_full_unstemmed |
Breaking into New Markets, Raising Quality, and Improving Services : Neglected Avenues for Export Diversification |
| title_sort |
breaking into new markets, raising quality, and improving services : neglected avenues for export diversification |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/09/11361592/breaking-new-markets-raising-quality-improving-services-neglected-avenues-export-diversification http://hdl.handle.net/10986/11109 |
| _version_ |
1764415558835503104 |