Economic diversity
In this article we will explore the fascinating world of Economic diversity, a topic that has captured the attention of researchers, enthusiasts and the curious alike. Economic diversity has been the object of debate, study and admiration throughout history, and its relevance in today's world only grows. Through this article, we aim to delve into the different aspects that make up Economic diversity, from its origin to its most recent applications, in order to better understand its impact on our society and the world in general. Join us on this journey of discovery and learning about Economic diversity.
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Economic diversity or economic diversification refers to variations in the economic status or the use of a broad range of economic activities in a region or country. Diversification is used as a strategy to encourage positive economic growth and development. Research shows that more diversified economies are associated with higher levels of gross domestic product.
Diversification types
- Non-connected diversification – creating a new area. The process is slow, because it is needed to create a whole infrastructure, but the profit would be higher.
- Connected diversification is based on an economical mechanism for expanding the available potential. For business development it means low risks and good margin.
- Combined diversification – more frequently both methods are used together.
Diversification examples in countries
Good examples of national economy diversification are Chile, Malaysia and Brazil.
See also
- Diversification (finance)
- Diversification (marketing strategy)
- Commodity dependence
- Financial inclusion
- Western Economic Diversification Canada
References
- ^ "Economic Diversity". www.chmuraecon.com.
- ^ a b "Economic diversification". unfccc.int.
- ^ Freire, Clovis. "Economic Diversification: Explaining the pattern of diversification in the global economy and its implications for fostering diversification in poorer countries" (PDF). UN/DESA.
- ^ "A well diversified economy requires a regional touch". The National. Retrieved 2020-03-29.
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