Rahul Anand, Saurabh Mishra, Nikola Spatafora, 03 June 2012

Recent research has argues that what a country produces and exports matters for growth. This column presents a new dataset on export sophistication and reveals that in many countries the importance of modern services, and the sophistication of manufactured and service exports, has increased over time. It adds that an educated workforce, external liberalisation, and good information flows are important prerequisites for developing sophisticated goods and services.

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