Outgrowing Resource Dependence: Theory and Some Recent Developments

43 Pages Posted: 12 Jan 2005

See all articles by Will J. Martin

Will J. Martin

International Food Policy Research Institute (IFPRI)

Date Written: January 2005

Abstract

Many policymakers are concerned about dependence on resource exports. Martin examines four changes that reduce this dependence: (1) accumulation of capital and skills; (2) changes in protection policy, particularly reductions in the burden of protection on exporters;(3) differential rates of technical change; and (4) declines in transport costs. Developing countries as a group have made enormous progress in diversifying their exports away from resources in recent decades, a development that appears to have been aided by accumulation of capital and skills and by dramatic reductions in the cost of protection to exporters, but slowed down by technological advances that favored agriculture.

This paper - a product of the Trade Team, Development Research Group - is part of a larger effort in the group to understand the links between trade and economic development.

Suggested Citation

Martin, William J., Outgrowing Resource Dependence: Theory and Some Recent Developments (January 2005). Available at SSRN: https://ssrn.com/abstract=647703

William J. Martin (Contact Author)

International Food Policy Research Institute (IFPRI) ( email )

1201 Eye St, NW,
Washington, DC 20005
United States

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