Economic diversification in Asian LLDCs : Prospects and challenges / UN.

Format:

Book

Government document

Author/Creator:

UN.

Language:

English

Subjects (All):

Economic and Social Development.

Local Subjects:

Economic and Social Development.

Physical Description:

1 online resource (64 pages)

Place of Publication:

[Place of publication not identified] : United Nations, 2014.

System Details:

text file

Summary:

This report on Economic Diversification of Asian LLDCs: Challenges and Prospects will address economic diversification and its impact on structural transformation, building productive capacities, job creation and enhancing competitiveness of LLDCs in Asia. The primary objective of the report is to discuss the prospects and challenges for economic diversification in Asian LLDCs. The panel will discuss examples of concrete opportunities for economic diversification in these countries that would contribute to structural transformation, building productive capacities and job creation. The panel will also discuss the challenges posed by high and volatile commodity prices, which create incentives away from diversification. The 12 Asian landlocked developing countries (LLDCs) share the common challenge of remoteness and isolation from international markets, without direct access to trade by sea, which increases substantially their trade costs. Higher costs reduce the competitiveness of the Asian LLDCs and hinder their ability to harness trade to promote their economic growth and structural transformation. They also create incentives to these countries to specialize in high bulk primary commodities with relative inelastic demand to the trade costs.

Contents:

Foreword

Executive summary

Acknowledgements

Abbreviations

Introduction

Asian landlocked developing countries

Patterns of economic diversification

Sectors and markets with high potential for economic diversification

Strategies for fostering economic diversification

Challenges for economic diversification in Asian landlocked developing countries

Policy recommendations

Technical notes

References.

ISBN:

9789210571180

Access Restriction:

Restricted for use by site license.