01899cas a2200265 a 4500 AALejournalIMF011715 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463937775 1018-5941 BD-DhAAL BD-DhAAL Spatafora, Nikola. Structural Transformation and the sophistication of Production / Nikola Spatafora, Rahul Anand, Saurabh Mishra. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (51 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 A new dataset on export sophistication reveals that in many countries the importance of modern services, and the sophistication of manufactured and service exports, has increased over time. However, this trend was less pronounced in LICs. Sophisticated sectors are more likely to act as a catalyst for broad-based economic growth, rather than turning into isolated enclaves, when the economy is liberalized, the exchange rate is not overvalued, and there are good information flows. An educated workforce, external liberalization, and good information flows are important prerequisites for developing sophisticated goods and services. An appropriate macroeconomic policy is particularly important for goods, skilled labor and good information flows for services. Mode of access: Internet Anand, Rahul. Mishra, Saurabh. IMF Working Papers; Working Paper ; No. 2012/059 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/059/001.2012.issue-059-en.xml IMF e-Library