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The Mohammed Bin Rashid School of Government (MBRSG) has been contributing to the World Government Summit (WGS)’s body of knowledge for 10 years. During the past decade, MBRSG launched several reports, engaged in councils and global groups that contributed to large-scale impact, and partnered with 15 local and international activities to enhance the results and magnify the impact of the findings.
Economic diversification has been a guiding policy theme for commodity producing nations to minimize volatility, support economic growth and development, create jobs. alongside greater private sector activity and more sustainable public finances. While research about economic diversification centers around its determinants and the impact of policies on economic development, there had been no agreed, available measure or index of economic diversification till the first edition of the Global Economic Diversification Index (EDI) was published in 2022.
The world economies are shifting dramatically, driven by systemic transformations and fueled by rapid digitization, geopolitical realignments, environmental pressures, the implications of the COVID-19 pandemic, the dynamics of the fourth industrial revolution, and in response to the Sustainable Development Goals.
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