Economic diversity
In today's world, Economic diversity has been the subject of increasing interest and debate in various areas. Since its inception, Economic diversity has captured the attention of experts, academics, researchers and the general public, generating a series of discussions and reflections on its impact, relevance and possible implications. The different approaches and perspectives regarding Economic diversity have given rise to an extensive body of knowledge and information that ranges from historical and cultural aspects to scientific and technological issues. In this sense, this article seeks to offer a comprehensive and multidisciplinary vision of Economic diversity, addressing various aspects and approaches that allow us to deepen its understanding and meaning today.
 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages)
|
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.
Economic 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.
.png){kind=small} | This article about wealth, income, or other related issues is a stub. You can help Wikipedia by expanding it. |