NDLI: Economic diversification

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Economic diversification

Content Provider	Scilit
Author	Mahroum, Sami
Copyright Year	2016
Description	This chapter discusses an alternative model of economic diversification that has been advanced by Mahroum and Al-Saleh, namely 'demand-led related diversification' (DLRD). The DLRD model stipulates that successful economic diversification and industrial renewal strategies have higher chances of success if: they are based on existing or anticipated market demand, either domestically or globally, and they can be - at least partially - supplied by existing domestic capabilities. Market demand is essential for any economic growth, as both economic and innovation activities take place specifically to meet and satisfy the demand for goods and services. The categorisations of demand and related variety platforms bring new dimensions to the debate about the role of demand in economic development and indeed competitiveness, but also the potential role of government. The debate about the role of 'demand' in economic development takes on a different dimension when it is perceived from the angle of innovation and the creation of new markets. Book Name: Economic Diversification Policies in Natural Resource Rich Economies
Related Links	https://repositorio.cepal.org//bitstream/11362/42399/1/FOCUSIssue2Apr-Jun2017.pdf
Ending Page	8
Page Count	8
Starting Page	1
DOI	10.4324/9781315660981-1
Language	English
Publisher	Informa UK Limited
Publisher Date	2016-08-05
Access Restriction	Open
Subject Keyword	Book Name: Economic Diversification Policies in Natural Resource Rich Economies Model Demand Dlrd Domestic Diversification Market Innovation Take Economic Success
Content Type	Text
Resource Type	Chapter

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