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Diversification and growth revisited

Author

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  • Thorvaldur Gylfason
  • Gylfi Zoega

    (University of Iceland)

Abstract

Many resource-poor economies have grown rapidly, including Japan, Singapore, South Korea, Switzerland, and Taiwan, while many resource-abundant countries have not, including Angola, Iran, Nigeria, Russia, and Venezuela. There are also some resource-rich and more or less highly successful economies, such as Australia, Canada, Chile, Iceland, Mauritius, and Norway. What distinguishes the differences between the more and less successful resource-rich economies?

Suggested Citation

  • Thorvaldur Gylfason & Gylfi Zoega, 2025. "Diversification and growth revisited," Development Finance Agenda, Chartered Institute of Development Finance, vol. 10(3), pages 12-13.
    • Handle: RePEc:afj:journ4:v:10:y:2025:i:3:p:12-13
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    File URL: https://journals.co.za/doi/abs/10.10520/ejc-defa_v10_n3_a3
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