Low complementarity of national economies
- Low intra-regional complementarity of national economies
Background
The issue of low complementarity among national economies gained prominence in the mid-20th century, as postwar efforts to foster regional integration and trade revealed persistent mismatches in production structures. Studies in the 1960s and 1970s, particularly within developing regions, highlighted how similar export profiles and limited diversification hindered mutual economic benefit. Subsequent analyses underscored the challenge this posed to effective trade agreements and sustainable economic cooperation, especially among countries with overlapping resource bases.
Incidence
Lack of complementarity between developing country economies within the same region is a severe handicap to the development of that region.
Broader
Aggravated by
Reduced by
Related
Value
SDG
Metadata
Database
World problems
Type
(D) Detailed problems
Biological classification
N/A
Subject
- Economics » Economy
Content quality
Unpresentable
Language
English
1A4N
E8184
DOCID
11581840
D7NID
143018
Editing link
Official link
Last update
Oct 4, 2020