Corpus ID: 15182195

Economic Diversification in Resource Rich Countries

  title={Economic Diversification in Resource Rich Countries},
  author={Alan H. Gelb},
Developing countries as a whole have been remarkably successful in diversifying their economies and their export structures. This process of diversification has taken many forms. The most prominent change has been the shift towards industry. In the 1960’s, some 80% of developing country exports were primary commodities; today, almost 80% are industrial products. This massive transformation in export structure has been associated with the rise of major industrial power-houses; China most… Expand
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