Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies,...

Entrepreneurship -- manifested in the entry of new firms or products into new markets, or substantial improvements in technological capacity or process innovation by incumbent firms -- is widely considered to be an important ingredient for long term economic development. This report argues that...

Front Cover -- Contents -- Acknowledgments -- About the Authors -- Executive Summary -- Abbreviations -- 1 Introduction -- References -- 2 The Digital Paradox in the Middle East and North Africa and the Upside of Digital Technologies -- Notes -- References -- 3 Framework for Understanding the...

This book explains why countries, especially developing countries, change their trade policies over the course of history. It does so through an interdisciplinary approach which borrows analyses from both political science and economics.

This volume studies the role of natural resources in development and economic diversification. It brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant...

This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more...

"Front Cover" -- "Contents" -- "Acknowledgments" -- "About the Authors" -- "Abbreviations" -- "Chapter 1 Introduction" -- "Note" -- "Chapter 2 What Is a Small Economy?" -- "What Is a “Small” Economy?" -- "Differences in Economic Orientation among Small Economies in LAC" -- "Economic...