Managing openness and volatility [electronic resource] : the role of export diversification / Mona Haddad, Jamus Jerome Lim, Christian Sabrowski.
As developing countries look to embrace an outward-oriented growth strategy, some may be concerned about the possibility that increased openness will be accompanied by increased volatility. However, although a more open economy may face increased volatility in its terms of trade, openness confers di...
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| Online Access: |
Full Text (via Open Knowledge Repository) |
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| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
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[Washington, D.C.] :
World Bank, Poverty Reduction and Economic Management Network,
[2010]
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| Series: | Economic premise ;
no. 6. |
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| Summary: | As developing countries look to embrace an outward-oriented growth strategy, some may be concerned about the possibility that increased openness will be accompanied by increased volatility. However, although a more open economy may face increased volatility in its terms of trade, openness confers diversification benefits. In this note, authors argue that export diversification is a key mitigating factor for the total effect of openness on volatility. More specifically, authors show that most developing countries fall on the "good" side of a diversification threshold, where they are likely to experience less volatility as they pursue a strategy of greater openness. |
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| Item Description: | Title from PDF title page (World Bank Web site, viewed April 27, 2012). "March 2010." |
| Physical Description: | 1 online resource (4 pages). |
| Bibliography: | Includes bibliographical references. |