Question

How does diversifying the economy benefit the UAE? ( United Arab Emirates.)

Answer 1

Answer:

Towards a diversified knowledge economy.

An increased economic diversification can improve the performance of the economy, minimize volatility and facilitate the path of sustainable development. ... 13 The trade balance achieved a huge surplus and it represents 23.5 percent of the GDP (UAE Ministry of Economy, 2012).

Answer 2

Answer:

hy

Explanation:

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The UAE leads the Arab world in competitiveness as increased diversification makes its economy more resilient, according to a study by the World Economic Forum and the World Bank Group. ... The IMF predicts GDP growth to pick up again this year to 3.4 per cent, driven also by the good performance of the non-oil econom

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