01723cas a2200241 a 4500 AALejournalIMF002936 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451947397 1018-5941 BD-DhAAL BD-DhAAL DeRosa, Dean. Increasing Export Diversification in Commodity-Exporting Countries : A Theoretical Analysis / Dean DeRosa. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper draws on the neoclassical theory of international trade to examine the limits of efficient export diversification in low-income, commodity-exporting countries. It demonstrates the fundamental importance of relative factor endowments among countries for determining the commodity composition of international trade flows under both certain and uncertain economic conditions. In recognition of the importance of international financial markets for risk-spreading and allocating resources efficiently under uncertainty, the paper emphasizes the importance of 'open' economic policies towards international trade in financial assets as well as goods. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/105 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/105/001.1991.issue-105-en.xml IMF e-Library