1945

Sectors and markets with high potential for economic diversification

As discussed in the previous section, the opportunities for LLDCs in the Asia-Pacific region to diversify their economies are in products that are more complex (i.e. those that are more sophisticated and differentiated) and that are nearby in the product space to the existing product mix (i.e. those that require a set of capabilities that is similar to that required in the current product niches).

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
/content/books/9789210571180c008
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