Economic Diversification in Asian Landlocked Developing Countries: Prospects and Challenges

Economic Diversification in Asian Landlocked Developing Countries: Prospects and Challenges

Date: 
Saturday, November 1, 2014
Abstract

Advances in technology and logistics have helped boost economies around the world, but have not removed the main challenge faced by the 12 landlocked developing countries (LLDCs) in Asia, namely Afghanistan, Armenia, Azerbaijan, Bhutan, Kazakhstan, Kyrgyzstan, the Lao People’s Democratic Republic, Mongolia, Nepal, Tajikistan, Turkmenistan and Uzbekistan. With no access to the sea, these countries must conduct their trade through neighbouring countries, which results in added costs.

In the present report, an attempt is made to show policymakers how to identify appropriate paths to diversification. The map of products of each of the 12 Asian LLDCs suggests sets of potential new products for consideration.

Download: 

Economic Diversification_low resolutionDownload