Export Diversi cation in a Transitioning Economy : The Case of Syria
How does the process of export diversification play out in a transitioning economy, especially in light of government policy aimed at trade liberalization? This paper examines this question by considering a directed policy effort by Syria -- an eco...
Main Authors: | , |
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Format: | Policy Research Working Paper |
Language: | English |
Published: |
2012
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Subjects: | |
Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110927130130 http://hdl.handle.net/10986/3574 |
Summary: | How does the process of export
diversification play out in a transitioning economy,
especially in light of government policy aimed at trade
liberalization? This paper examines this question by
considering a directed policy effort by Syria -- an economy
transitioning from both economic centralization and resource
dependence -- to liberalize its trade in 2001. In addition
to documenting the patterns of diversification at the
aggregate level since the implementation of the policy, we
also examine factors that are related to diversification at
the sectoral level. Our findings suggest that, while Syria
has achieved reasonably rapid export diversification, this
may to a large extent be the result of structural
transformations in the economy, and that further
consolidation of diversification gains may require continued
policy reform along the lines of strengthening Syria's
weak institutional and business environment. |
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