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.[1] Diversification is used as a strategy to encourage positive economic growth and development.[2] Research shows that more diversified economies are associated with higher levels of gross domestic product.[3]
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.[2]
^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.
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economic, diversity, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, need, reorganization, comply, with, wikipedia, layout, guidelines, please, help, edi. 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 This article may be in need of reorganization to comply with Wikipedia s layout guidelines Please help by editing the article to make improvements to the overall structure February 2021 Learn how and when to remove this template message This article may be confusing or unclear to readers Please help clarify the article There might be a discussion about this on the talk page February 2021 Learn how and when to remove this template message Learn how and when to remove this template message 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 1 Diversification is used as a strategy to encourage positive economic growth and development 2 Research shows that more diversified economies are associated with higher levels of gross domestic product 3 Contents 1 Diversification types 2 Diversification examples in countries 3 See also 4 ReferencesDiversification types editNon 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 2 Diversification examples in countries editGood examples of national economy diversification are Chile Malaysia and Brazil 4 See also editDiversification finance Diversification marketing strategy Commodity dependence Financial inclusion Western Economic Diversification CanadaReferences edit 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 nbsp This article about wealth income or other related issues is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Economic diversity amp oldid 1184429178, wikipedia, wiki, book, books, library,
