While diversification of exports is often a desirable trade objective, it is far from clear how best to tap into new opportunities. This paper discusses the range of avenues of diversification, including (i) expanding the range of markets into which existing products are sold (geographic...

Expanding international trade is an important avenue for growth and development in low-income countries. In addition to increasing the quantity of existing export flows, many countries seek to diversify into production and export activities that provide a higher return to the labor and capital...

International trade was deeply affected by the global financial and economic crisis. Mimicking worldwide trends, imports from and exports to the Middle East and North Africa dropped significantly in 2009. This sudden decline in global trade should not divert attention away from four major...