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The authors develop an Index of Opportunities for 130 countries based on their capabilities to undergo structural transformation. The Index of Opportunities has four dimensions, all of them characteristic of a country's export basket: sophistication; diversification; standardness; and possibilities for exporting with comparative advantage over other products. The rationale underlying the index is that, in the long run, a country's income is determined by the variety and sophistication of the products it makes and exports, which reflect its accumulated capabilities.
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