Diversification as a strategy to improve economic development of OPEC member countries: case study of Nigeria
Автор: Chikelu J.I., Sangov S.S.
Журнал: Форум молодых ученых @forum-nauka
Статья в выпуске: 6-3 (22), 2018 года.
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The article analyzes the main theoretical aspects of the development of the economic member countries of OPEC and: a case study of Nigeria. Diversification strategies adopted by oil-depended economies' played an important role in the economic development in these countries, which rely heavily on oil exports. Nigeria as an oil-dependency economy has the type of strategy to diversify the sources of its national income and reduce its dependence on oil to non-oil products in order to counter the instability in global oil prices. This paper seek to investigate whether the diversification strategies adopted by Nigeria is adequate to manage its economic development.
Diversification strategies, economic development, oil-depended economy
Короткий адрес: https://sciup.org/140283720
IDR: 140283720
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