02345cas a2200337 a 4500 AALejournalIMF022363 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513584799 1018-5941 BD-DhAAL BD-DhAAL Lian, Weicheng. A Diversification Strategy for South Asia / Weicheng Lian, Fei Liu, Katsiaryna Svirydzenka, Biying Zhu. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (49 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 While South Asia has gone a long way in diversifying their economies, there is substantial scope to do more. Some countries - India, Nepal, and Sri Lanka - can build on their existing production capabilities; others - Bangladesh, Bhutan, and the Maldives - would need to undertake a more concerted push. We identify key policies from a large set of potential determinants that explain the variation in export diversification and complexity across 189 countries from 1962 to 2018. Our analysis suggests that South Asia needs to invest in infrastructure, education, and R and D, facilitate bank credit to productive companies, and open to trade in order to diversify and move up the value chains. Given the COVID-19 pandemic, investing in digital technologies as part of the infrastructure push and improving education are of even greater importance to facilitate the ability to work remotely and assist resource reallocation away from the less viable sectors. Mode of access: Internet Choice of Technology imf Globalization imf Industrialization imf Manufacturing and Service Industries imf Regulation and Industrial Policy imf Liu, Fei. Svirydzenka, Katsiaryna. Zhu, Biying. IMF Working Papers; Working Paper ; No. 2021/202 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/202/001.2021.issue-202-en.xml IMF e-Library