“This study does not treat export diversification as an enclave issue that is somehow disconnected from the rest of the economy. For example, reform of Government monopolies in telecommunications and air travel is not a new issue. However, we present new evidence on its impact on export diversification, particularly on tourism and financial services. Hence, instead of one ‘magic bullet’ or hidden growth sector, the study argues that there are a wide
number of policy-related constraints to export growth. The removal of these will in
aggregate have a significant impact on exports.”
