CHAPTER 5 ECONOMIC DIVERSIFICATION: LESSONS FROM …

135 CHAPTER 5 ECONOMIC DIVERSIFICATION: LESSONS FROM PRACTICEC ontributed by the World Bank Group1 Abstract: ECONOMIC diversification remains a challenge for most developing countries and is arguably greatest for countries with the lowest incomes as well as for those whose economies are small, landlocked and/or dominated by primary commodity dependence. For such countries, ECONOMIC diversification is inextricably linked with the structural transformation of their economies and the achievement of higher levels of productivity resulting from the movement of ECONOMIC resources within and between ECONOMIC sectors.

to have the most concentrated economic structures. This creates challenges in terms of exposure to sector-specific shocks, such as weather-related events in agriculture or sudden price shocks for minerals. Figure 5.1. Export diversification in Sub-Sharan Africa, 2017 0 0.2 0.4 0.6 0.8 1 South Africa Namibia Mozambique Kenya Tanzania Senegal ...

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