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AuthorUnited Nations Conference on Trade and Development
TitleIs Having a Rich Natural-resource Endowment Detrimental to Export Diversification?
Imprint Geneva, United Nations. 1997
Descript iii, 46 p


The analysis takes a Heckscher-Ohlin approach and provides some evidence that having a rich endowment with natural resources hampers, while having a rich endowment with human capital and an open trade policy regimes favours export diversification. The evidence also suggests that it is debatable to what extent economic policies of the first-tier NIEs can lead to similar economic results in countries with a rich natural and a poor human-resource endowment, i.e. most developing countries in Africa. the latter countries will probably find it more promising to follow a strategy similar to that adopted by second-tier NIEs, i.e. combining indigenous investment in the development of natural-resource-based activities with incentives designed to attract foreign direct investment in labour-intensive manufacturing activities whose skill requirements are close to the own quality frontier of the domestic labour force

International Institute for Trade and Developement : UNCTAD CollectionUNCTAD/OSG/Misc.124CHECK SHELVES

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