The originate-to-distribute model breaks down the process of credit extension, from origination to the ultimate financing, into component parts, or stages, in a manner reminiscent of how contemporary manufacturers distribute the stages of production across firms and locations.
In order for a country to progress, it has to move up the value chain and consistently increase the complexity of its products. For example, an economy producing just apples is likely to grow by a limited amount unless there is diversification into producing processed foods from those apples. 2  BIS central bankers’ speeches  The process of structural transformation is more complex.