Economic Diversification in Bahrain

The Strategy of Export Diversification and Economic Growth in

Today export diversification has become one of the most important economic objectives of development strategies in the developing countries. For various reasons, such as preventing instability in export prices of primary products in global markets, reducing fluctuations in exchanges of them compared with industrial goods, producing dynamic benefits resulted from exporting various goods and incr...

Economic Diversification in Resource Rich Countries

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 e...

Scaling and universality in urban economic diversification

Understanding cities is central to addressing major global challenges from climate change to economic resilience. Although increasingly perceived as fundamental socio-economic units, the detailed fabric of urban economic activities is only recently accessible to comprehensive analyses with the availability of large datasets. Here, we study abundances of business categories across US metropolita...

Economic Growth And Stability In The Euro-Med Region: Concentration Or Diversification?

Country diversification, product ubiquity, and economic divergence

Countries differ markedly in the diversification of their exports. Products differ in the number of countries that export them, which we define as their ubiquity. We document a new stylized fact in the global pattern of exports: there is a systematic relationship between the diversification of a country’s exports and the ubiquity of its products. We argue that this fact is not implied by curren...