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The role of diversification strategies in the economic development for oil-depended countries: - The case of UAE
2015
International Journal of Business & Economic Development
Diversification strategies adopted by oil-depended economies' played an important role in the economic development in these countries, which rely heavily on oil exports. UAE as an oil-dependency economy has the type of strategy to diversify the sources of its national income and reduce its dependence on oil to counter the instability in global oil prices. This paper seek to investigate whether the diversification strategies adopted by (UAE) is adequate to manage its economic development. The
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