Economic Diversification

Economic diversification is vital to countries' long-term economic growth, but many resource-rich countries remain heavily reliant on revenues generated by mining or oil production, jeopardizing their chances for sustainable growth. Too often, countries lack clear policy guidelines on how to diversify, and policymakers have limited understanding of why diversification is important.

To address this gap, Revenue Watch has completed a series of case studies on economic diversification. The findings suggest that firm commitments, sound macroeconomic policies, investments in infrastructure and strong institutions are critical to success. RWI's research will be used to develop frameworks for monitoring diversification policies, and training modules for civil society groups in Eurasia, Latin America and the MENA region.