Successful economic development is generally accompanied by fast growing employment and exports in activities that are new for the countries concerned, including manufacturing, 'non-traditional' agriculture, and service sectors. In Asia, export diversification has strongly assisted development and has been contagious across the region: the first countries to diversify served both as models and as springboards. In Africa this process has yet to start. This Briefing looks at how trade preferences offered by developed countries to developing countries could be used to help African countries develop their productive and export capabilities in new areas.
CEPR Policy Research Insight No. 2, 4 pp.