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Economic Diversification Strategy In the United Arab Emirates | ||
| Economic Sciences | ||
| Article 1, Volume 12, Issue 46, 2018, Pages 1-28 PDF (0 K) | ||
| Abstract | ||
| The United Arab Emirates has managed to maintain stable economic growth rates in light of successive global economic crises and cyclical fluctuations in the prices of crude oil in international market , through its adoption of the strategy of economic diversification which its able to mitigate the impact of external shocks on the national economy and achieve sustainable economic development.The objective of the strategy is to reduce the dependence on a limited number of exports, which are usually rent from natural resources (oil and natural gas) and to rebuild the national economy structure to be more diversified by focusing on the commodity and service sectors and then external exports through the development of a group of The interrelated economic policies that have been reflected in the process of economic development and technological development and thus the achievement of competitive advantage. | ||
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