Description: Now that most of our clients have stabilized, liberalized and privatized to a reasonable extent, many policymakers want to ask: what happened to the structural transformation expected to follow the reform and to restore sustainable growth?
When growth was high in recent years, policymakers worried that it was not sustainable. As a result, our client governments are announcing their own brand of industrial policy in a rush to diversify their economies in sectors that are high growth, less vulnerable to external shocks and hence, sustainable sources of growth.
This seminar on export diversification will use a new toolkit, database and analytical tools, including the Product Space Methodology. It will offer assistance to economists interested in these questions when conducting CEMs or other analytic work:
How has the structure of exports changed over the past 20-30 years in your country?
Has revealed comparative advantage in certain products changed and where?
In what kinds of products is the country likely to be competitive in the short as opposed to longer term?
How efficient is the government’s industrial policy?
What will it take for the country to achieve middle income status?
Examples of recent analysis for Uganda, Ghana, Rwanda, Benin and Burkina Faso CEMs will be showcased.
Learning Objectives: At the end of this seminar, participants will learn how to perform export diversification analysis for client countries.