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5.1 Determinants of diversification in Africa: Economic Report on Africa 2007
Diversification and policy variables constitute a two-way process in that diversification not only influences policy outcomes, but is itself influenced by policy variables. This proposition naturally leads to the search for those economic and non-economic policy actions that are likely to affect the level and rate of diversification in a country. What evidence is there that links economic and non-economic variables with national capacity to diversify?

Other economic specialization Related Articles

From Fantasy to Reality A Time for Awakening
The day and age when lawyers and other professionals could hang out a shingle, work hard, serve their clients well and grow their business is long since past. Too much competition and too much specialization has changed the landscape. Professionals have to be proactive in terms of marketing their practices, skills and services. Those that do will success. Those that don't will not complete in today's marketplace.
PROPOSITIONS, HYPOTHESES, AND CONCLUSIONS
To function effectively in a global economy, the entrepreneurs of Southeast Asia and Subsaharan Africa will not be able to avoid the kinds of evolution that modern businesses around the world experience. They will move toward public listing of their stocks, greater specialization and capital mobility, modern management techniques.

5.1 Determinants of diversification in Africa: Economic Report on Africa 2007
Diversification and policy variables constitute a two-way process in that diversification not only influences policy outcomes, but is itself influenced by policy variables. This proposition naturally leads to the search for those economic and non-economic policy actions that are likely to affect the level and rate of diversification in a country. What evidence is there that links economic and non-economic variables with national capacity to diversify?
HUMAN RESOURCE DEVELOPMENT AND ATTRACTING INWARD FDI
One of the characteristics of rich industrial economies is the availability of a workforce with a high level of human capital. Whether human capital has been the key driver of economic prosperity or vice-versa is still a matter of debate. Nevertheless, long time series trends in educational attainment and economic growth during the last century indicate that HRD and economic prosperity went hand in hand10. Some developing countries followed similar trends in human capital and economic growth. What was distinctive about these developing countries is that they appeared to have realised large economic benefits in attracting MNEs into host economies, and have thus mobilised inward FDI to attain rapid economic growth.
Scaling Efficiencies and Reducing Redundancy by Connecting People with Products
People often have a hard time grasping the idea that marketing and training are more similar than they are different since historically the two have always operated in silos strictly independent of one another. One department always handles the “people” while another takes care of the “products.” On one level, that’s fine since each involves its own specialization. But at the same time getting the full potential out of employees and products should not entail too divergent an approach.

SURVIVING THE ECONOMIC DEPRESSION BY CREATING A STRATEGY FOR YOUR BUSINESS DEVELOPMENT
This economic recession times calls for measures not just to make our business survive but make us come out stronger. Sound strategies are what will separate men from boys. Business leaders creating and harmonizing their strategies to fit the economic future will leap more once this economic recession is over. A strategy will help your business fit in the global economy once this economic depression is over. But how do you create a strategy?

Home Based Business - Why Have Multiple Income Streams
Although one product specialization has its advantages, businesses that accumulate their profits from a single source are more susceptible to economic fluctuations and possible failure and are generally less profitable in the long term. A river has many tributaries and your business should be no different.

Home-based Business Opportunity for 2010 II
Home-based business provides hope for many who lose their jobs for several reasons. It also provides opportunity for people to succeed in their chosen specialization. Especially at this economic crisis should people start finding another or additional source of income.
Some Things Are Easier For Your Business in a Recession
If your business is feeling the impact of the economic downturn, think differently about how you could take advantage of the current economic circumstances. Some things are definitely more challenging, but others might actually be easier in these tough economic times.
Arguments for Free Trade
In theory, international trade increases world efficiency by specialization in production and exchange according to comparative advantage, given certain assumptions. In other words, a country that engages in international trade enjoys the benefits in terms of both immediate improvements in standards of living and economic growth.
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