Economic Diversification In Uae

The Ministry of Information and Culture (2006 ) explained that the non-oil sector (SECTOR OF WHAT ) contributed 72 portion of the piggish domestic product of the UAE . Policies of stinting diversification rent been pursued elsewhere . A notable example is Singapore , a city present , where studies such as Huff (1995 ) have shown that policies of economic diversification can be difficult to follow through and rely on a combination of micro-economic stability economic planning and sound managementIn Singapore , economic diversification in 1985 to present has cardinal phases . While undergoing the two phases of development , manufacturing maturation outstripped GDP growth this situation was reversed between 1979 and 1984 . During that hitch , value-added growth in manufacturing slowed to just over five percent a socio-econom ic class tour the economy as a whole was maturation at about eight-and-a-half percent every year . This mainly reflects the lofty performance of the business and financial service sectors .

To maintain steep growth and improve performance in manufacturing , attempts have been make to find new sectors where technological gaps could productively be exploit . Biotechnology computer peripherals and aerospace were identified as potential high-growth sectors and were actively promoted by the EDB with pioneer and expansion incentivesA conjunct effort at diversifying the production and export base specially (but not solo ) outside manufacturing and into busi! ness and financial run was implemented in the mid-1980s . Responsibility for the promotion of banking and financial go rested with the MAS while EDB was responsible for the promotion of other work and offered incentives similar to those in manufacturing , including pioneer...If you want to get a replete(p) essay, order it on our website: OrderCustomPaper.com

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