Strategies for fostering economic diversification

Given the productive capacities of Asian LLDCs and existing demand incentives, this section contains a discussion on how Asian LLDCs could choose between laissez-faire strategies, those in which the market guides the identification of opportunities for diversification, and strategic diversification approaches that nudge the private sector towards targeted economic activities that are more likely to increase the productive capacities in the country.

Related Subject(s): Economic and Social Development