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 …

of East Asian newly industrialized countries. It provides evidence that the lack of diversification, stemming from the …

-offs and write-downs, we examine the impact of loan portfolio sector concentration on credit risk. By controlling for common …