Saudi Arabia has approved an ambitious strategy to restructure the kingdom's oil-dependent economy, involving diversification, privatisation of massive state assets including the energy giant Aramco, tax increases and spending and subsidy cuts.
The market trend in the economy, the diversification of culture, and the gradual shift in social order toward the rule of law have all benefitted from the weakening of the "enemy mentality".
"Our working assumption is that with fuel economy standards, fuel diversification and substitution" oil intensity "lessens by just under 2.5 percent over the next five or six years".
Suppose that the terms of trade worsen significantly and that the country naturally initiates an incipient industrialization process, i.e., the economy moves into diversification and trade.
In the language of our model, the protectionist policies drove the economy from the diversification and trade area to a near-autarky situation.
One thing is certain: There will be defaults even in a good economy, so the diversification of a well-run fund is worth the cost.
At the same time, food production systems have increased their degree of integration with other sectors of the modern economy, bringing a diversification of farm incomes, increasingly based on modern integrated systems (Pardini 2006a, 2009; Pardini et al. 2008, 2009).
Many reasons like managerial effectiveness, growth, economies of scale, diversification, and so on were quoted in the support of M&A proposals.
Thus, new institutions like wildlife property rights, tourism markets, banks, wildlife auctions, etc. have added considerable value to wildlife through processes of specialization, diversification, economies of scale, investment, and exchange.
The deal could bring a number of advantages to both companies, said research firm Global Insight in a note, including geographic diversification, economies of scale and better management of renewable facilities.
