01996cas a2200253 a 4500 AALejournalIMF013241 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475532180 2617-6750 BD-DhAAL BD-DhAAL Papageorgiou, Chris. Economic Diversification in LICs : Stylized Facts and Macroeconomic Implications / Chris Papageorgiou, Nikola Spatafora. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (22 pages) Staff Discussion Notes <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 Limited diversification is an underlying characteristic of many low-income countries (LICs). Concentration in sectors with limited scope for increases in productivity and quality may result in less broad-based and sustainable growth. Moreover, lack of diversification may increase exposure to adverse external shocks and macroeconomic instability. The SDN will have three objectives. First, to review and extend the evidence, from the existing literature and ongoing IMF work, that points to diversification as a crucial aspect of the development process. A major focus will be on cross-country and cross-regional differences in the pace of diversification. Second, to draw lessons from the experiences of those countries that have successfully diversified their economies. Third, to analyze the relationship between diversification, growth, and volatility. Mode of access: Internet Spatafora, Nikola. Staff Discussion Notes; Staff Discussion Notes ; No. 2012/013 Full text available on IMF http://elibrary.imf.org/view/journals/006/2012/013/006.2012.issue-013-en.xml IMF e-Library