Economic Diversification In Uae

The Ministry of Information and Culture (2006 ) explained that the non-oil sector (SECTOR OF WHAT ) contributed 72 pct of the taxation domestic product of the UAE . Policies of economic diversification pitch been engage 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 put on 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 outgrowth outstripped GDP growth this situation was reversed between 1979 and 1984 . During that plosive consonant , 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 annually . This mainly reflects the lofty performance of the business and financial go 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 design effort at diversifying the production and export base peculiarly (but not solo ) outside manufacturing and into business an! d financial service 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 serve and offered incentives similar to those in manufacturing , including pioneer...If you want to get a profuse essay, order it on our website: OrderCustomPaper.com

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