Limited diversification is an underlying characteristic of many low-income countries (LICs). Concentration in sectors with limited scope for increases in productivity and quality may result in less broad-based and sustainable growth. Moreover, lack of diversification may increase exposure to...

Cluster policy has become a method of choice for policymakers in many countries. Promoting strong localized industries is an appealing perspective for practitioners, as it can be seen as a way to anchor economic activity in regions in an era of globalization. If cluster policy is successful, it...

This paper aims to test the relationship between export and economic growth in the Malaysian economy from 1960 to 2005. Combining production function, and international trade and development theories, a five variable model is specified and estimated by using cointegration tests and error...

This essay surveys and evaluates Cuba’s economic performance since its economic “melt-down” of 1989-1993, outlines the government’s policy responses, and explores Cuba’s economic prospects. By 1995, the Cuban economy began to recover with some positive results but also with continuing...

We explore the effects of openness to trade on growth and the implications for income convergence in Africa. Fixed-effect estimation results indicate that the evidence on the direct impact of openness to trade on growth is mixed and there is no support for conditional convergence. On the other...