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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Full Text (via Open Knowledge Repository) |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
World Bank, Poverty Reduction and Economic Management Network,
[2010]
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| Series: | Economic premise ;
no. 6. |
| Subjects: |
MARC
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| 245 | 1 | 0 | |a Managing openness and volatility |h [electronic resource] : |b the role of export diversification / |c Mona Haddad, Jamus Jerome Lim, Christian Sabrowski. |
| 260 | |a [Washington, D.C.] : |b World Bank, Poverty Reduction and Economic Management Network, |c [2010] | ||
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| 490 | 1 | |a Economic premise ; |v no. 6 | |
| 500 | |a Title from PDF title page (World Bank Web site, viewed April 27, 2012). | ||
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| 504 | |a Includes bibliographical references. | ||
| 520 | |a 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. | ||
| 650 | 0 | |a Exports |z Developing countries. |0 http://id.loc.gov/authorities/subjects/sh2008102544 | |
| 650 | 0 | |a Diversification in industry |z Developing countries. | |
| 650 | 7 | |a Diversification in industry. |2 fast | |
| 650 | 7 | |a Exports. |2 fast | |
| 651 | 7 | |a Developing countries. |2 fast | |
| 700 | 1 | |a Lim, Jamus Jerome. |0 http://id.loc.gov/authorities/names/no2003000292 |1 http://isni.org/isni/0000000384603353 | |
| 700 | 1 | |a Sabrowski, Christian. |0 http://id.loc.gov/authorities/names/no2012059683 |1 http://isni.org/isni/0000000370084169 | |
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