Papageorgiou, Chris; Spatafora, Nicola - International Monetary Fund (IMF) - 2012
Limited diversification is an underlying characteristic of many low-income countries (LICs). Concentration in sectors …. Moreover, lack of diversification may increase exposure to adverse external shocks and macroeconomic instability. The SDN will … points to diversification as a crucial aspect of the development process. A major focus will be on cross-country and cross …