Excessive concentration increases national risk in an uncertain world. This paper views economic and political … diversification as an essential aspect of national risk management aimed at promoting efficiency, growth, and welfare. The paper first … presents economic and political diversification side by side in a cross-country framework and discusses how they interact and …

different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an …

the expense of other industries, and political diversification through democracy aimed at encouraging pluralism and high … different from other oil-rich countries. In five main ways, all of which suggest the need for economic diversification as an … to economic development, including human and social capital. The need for diversification can be viewed in terms of …

Economic diversification has gained significant attention as a crucial factor for sustainable development worldwide … diversification for Mongolia. By comparing Mongolia with its designated aspirational and structural peers, the paper aims to shed … light on strategies that can foster economic and societal diversification in the country. Although Mongolia possesses …

opportunities to enhance long-term output per capita and productivity growth. -- financial crises ; democracy ; political …

the positive relationship between democracy and industrial diversification. … ask whether democracy also has a stabilizing effect on trend-volatility, i.e. whether more democratic countries experience … policies and financial development, we find that democracy is the most robust predictor of a country's propensity for growth …

-rich Arab world to achieve sustained growth, the Arab spring should not only bring democracy, as badly needed as it is, but …