Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to 25%.
And years of economic diversification away from manufacturing and the cyclical oil and gas industry have improved prospects for growth.
And he has pushed for fiscal reform and more meaningful economic diversification.
He has also pushed for fiscal reform and more meaningful economic diversification.
The latter includes everything from encouraging preservation of erosion-vulnerable land to promoting rural economic diversification (think tourism) to more humane treatment of farm animals.
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On the domestic front, the Arab Spring-related spending is accelerating a longer-term shift toward economic diversification through domestic projects that include aluminum smelters in Saudi Arabia and the U.A.E.
Nicknamed "The Builder Prince" he began to transform Monaco as early as the 1950s, reclaiming land that added 20% growth to the principality's surface area, encouraging large construction projects and supported economic diversification.
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But, he says, the situation is now different to how things were several years ago, as the government needs the investment money to finance its huge privatisation agenda if projects like "Russia's Silicon Valley" and economic diversification are to work.
There remains a powerful economic case for international diversification, but only as a long-term strategy.
Hausmann argues that diversification in the economic structure, and not necessarily specialization, may be a crucial factor for accelerating growth in India.
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Thus, he says, investors tend to under-estimate the potential for diversification strategies when the economic going is tough, and to over-estimate it when things are booming.
"Significant management changes have been implemented, a universal banking business model offers its own diversification attractions, whilst cyclical economic exposure and the lack of government ownership also appeal, " he said.
During the vulnerable period of Czechoslovak energy supply diversification, hedge against the Soviets' use of economic leverage -- i.e.
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The new securities would possess a unique combination of attributes, including inflation protection, freedom from default risk, freedom from all taxes, ultimate diversification, and upside potential based upon future improvements in economic policy.
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It seems the western media tries hard to pick a new problem of russia first it was economic crisis, then unemployment, inflation, democracy, growth, diversification and now they try out mainly corruption and rule of law and the latest seems now to be emigration.
In the economic sphere, the idea is to focus more on supplying government services and less on innovation and diversification, which had become rhetorical hallmarks of Dmitry Medvedev's presidency.
Therefore, we argue that diversification outside of the U.S. at this time is warranted because of the current economic cycle.
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