Diversification and growth revisited

Thorvaldur Gylfason and Gylfi Zoega

Development Finance Agenda, 2025, vol. 10, issue 3, 12-13

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?

Date: 2025
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