"Many policymakers are concerned about dependence on resource exports. Martin examines four changes that reduce this dependence: (1) accumulation of capital and skills; (2) changes in protection policy, particularly reductions in the burden of protection on exporters;(3) differential rates of...

There has been no single magic formula for the success of the East Asian transition economies (Cambodia, China, Lao People's Democratic Republic, and Vietnam), whose performance in export and income growth has been strikingly better than that of transition economies in Eastern Europe and the...