Date of Award

Spring 5-22-2021

Degree Name

Bachelor of Arts (BA)

Advisor(s)

Sarah Lockhart, Ph.D.

Second Advisor

Caley Johnson, Ph.D.

Abstract

Economic diversification is seen as a key to the political and economic survival of Saudi Arabia, the UAE, and Nigeria. Each nation is currently considered an oil-dependent country, meaning that the bulk of its income comes from oil. Since oil will soon be depleted and other countries are moving toward green technology, the demand for oil is expected to continue to drop. Hence, the need for diversification. This paper conducts a comparison of the key policies each country is attempting to implement to produce a diversified economy. The paper concludes that various factors will prevent each country from successfully diversifying and that political oppression and chaos is the likely result.

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