Source: International Monetary Fund
Summary
Motivated by Qatar’s Third National Development Strategy, this note discusses ingredients for boosting export diversification and growth potential. Drawing on cross-country experiences and empirical analyses, we shed light on how successful policies supported building human capital and economic complexity, the type of strategy that could best suite Qatar’s circumstances, and pitfalls to avoid.
Subject: Balance of payments, Comparative advantage, Economic sectors, Export diversification, Export performance, Exports, Foreign direct investment, Human capital, International trade, Labor, Manufacturing, Service exports
Keywords: Comparative advantage, Competition, Economic complexity, Export diversification, Export diversification, Export performance, Exports, Foreign direct investment, Human capital, Human capital, Innovation, Manufacturing, Productivity, Qatar, Service exports, Third National Development Strategy