Date of Award
Bachelor of Arts (BA)
Sarah Lockhart, Ph.D.
Caley Johnson, Ph.D.
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.
Alzubair, Alia, "The Need for Economic Diversification in the Oil-Dependent Nations of Saudi Arabia, UAE, and Nigeria: Possible Pathways and Outcomes" (2021). Senior Theses. 68.