Niger : Leveraging Export Diversification to Foster Growth
Niger's Vision 2035 acknowledges the country has little choice but to create 'a competitive anddiversified economy.' Economic diversification is a cornerstone component of the Economic Orientation Document (EOD) 2016-19 and the PDES 2017-21. The EOD defines Niger's economic diversification as moving exports away from natural resources and increasing the value-added component of exports as the foundation for its agro-based industrialization and employment creation policies. Hence, an exports diversification strategy is akin to the country's economic diversification and, not surprisingly, the PDES contains several axes of policy interventions supporting it. However, Niger faces serious structural challenges to diversify into new productive activities. The country is landlocked, exporting costs are high and, given multiple infrastructure and logistics gaps, access to markets is difficult beyond neighboring regional markets. Rapid population growth and low human capital turns into a low skilled population. Volatile economic growth, reliant on a few commodity exports that closely follow the vagaries of weather and boom and busts of international prices, makes hardly obtained poverty gains vulnerable
Year of publication: |
2017
|
---|---|
Institutions: | World Bank Group ; World Bank Group (contributor) |
Publisher: |
2017: Washington, D.C : The World Bank |
Subject: | Exportdiversifizierung | Export diversification | Niger | Wirtschaftswachstum | Economic growth |
Saved in:
Online Resource
Saved in favorites
Similar items by subject
-
Ramanayake, Sanika Sulochani, (2015)
-
Export diversification, composition, and economic growth : evidence from cross-country analysis
Aditya, Anwesha, (2013)
-
Diversification, Dutch disease, and economic growth : options for Uganda
Thorvaldur Gylfason, (2014)
- More ...
Similar items by person