The Product Space: What Does It Say About The Opportunities For Growth And Structural Transformation Of Sub-Saharan Africa?

In this paper, the authors look at the economic development of Sub-Saharan Africa (SSA) in the context of structural transformation. They use Hidalgo et al.'s (2007) concept of product space to show the evolution of the region's productive structure, and discuss the opportunities for growth and diversification. The majority of SSA countries are trapped in the export of unsophisticated, highly standard products that are poorly connected in the product space; this makes the process of structural transformation of the region particularly difficult. The products that are nearby to those they already export have the same characteristics.

Provided by: Levy Economics Institute Topic: Big Data Date Added: May 2011 Format: PDF

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