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Changing Trade Structure and its Implications for Growth

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  • John Weiss
Abstract
There is a long tradition in the development literature that what a country exports matters for its growth prospects. Recent work has refocused on this issue by attempting to produce numerical scores for different types of product to identify the complexity or sophistication of a country’s export basket. Based on the insight that the type of product an economy exports can have important implications for its economic performance and that goods exported predominantly by rich countries will have different characteristics from those exported by poor countries, Lall et al. (2006) put forward a means of classifying commodities based on the income levels of a product’s main exporters. At around the same time, Hausmann et al. (2006), following a similar approach, put forward a slightly different form of product classification and Rodrik (2006) applied this specifically to an analysis of China. This paper highlights the difference between the approaches and its implications for the analysis of China, which appears less ‘special’ using the approach of Lall et al. It argues that the classification of products at a disaggregate level is a helpful starting point for assessing issues of trade competitiveness and that further work using either or both forms of classification is justified.

Suggested Citation

  • John Weiss, 2010. "Changing Trade Structure and its Implications for Growth," The World Economy, Wiley Blackwell, vol. 33(10), pages 1269-1279, October.
    • Handle: RePEc:bla:worlde:v:33:y:2010:i:10:p:1269-1279
    DOI: 10.1111/j.1467-9701.2010.01281.x
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    References listed on IDEAS

    as
    1. Lall, Sanjaya & Albaladejo, Manuel, 2004. "China's Competitive Performance: A Threat to East Asian Manufactured Exports?," World Development, Elsevier, vol. 32(9), pages 1441-1466, September.
    2. Jenkins, Rhys & Peters, Enrique Dussel & Moreira, Mauricio Mesquita, 2008. "The Impact of China on Latin America and the Caribbean," World Development, Elsevier, vol. 36(2), pages 235-253, February.
    3. Raphael Kaplinsky & Amelia Santos Paulino, 2005. "Innovation and Competitiveness: Trends in Unit Prices in Global Trade," Oxford Development Studies, Taylor & Francis Journals, vol. 33(3-4), pages 333-355.
    4. Kaplinsky, Raphael, 2006. "Revisiting the revisited terms of trade: Will China make a difference?," World Development, Elsevier, vol. 34(6), pages 981-995, June.
    5. Ricardo Hausmann & Jason Hwang & Dani Rodrik, 2007. "What you export matters," Journal of Economic Growth, Springer, vol. 12(1), pages 1-25, March.
    6. Sanjaya Lall, 2000. "The Technological Structure and Performance of Developing Country Manufactured Exports, 1985-98," Oxford Development Studies, Taylor & Francis Journals, vol. 28(3), pages 337-369.
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    Cited by:

    1. Martin Grancay & Nora Grancay & Tomas Dudas, 2015. "What You Export Matters: Does It Really?," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 9(2), June.
    2. Mishra, Saurabh & Lundstrom, Susanna & Anand, Rahul, 2011. "Service export sophistication and economic growth," Policy Research Working Paper Series 5606, The World Bank.

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