Excerpt
Excerpt
Moving to the Adjacent Possible: Discovering Paths for Export Diversification in Rwanda. Ricardo Hausmann, May 2015. "How can Rwanda, which currently has one of the lowest levels of income and exports per capita in the world, grow and diversify its economy in presence of significant constraints? We analyze Rwanda's historical growth and trade performance and find that Rwanda's high transportation costs and limited productive knowledge have held back greater export development and have resulted in excessive rural density. Three basic commodities--coffee, tea, and tin--made up more than 80 percent of the country's exports through its history and still drive the bulk of export growth today..." Link