Masters in Business Administration American University in Dubai 2007

Includes bibliographical references (pages 58-60).

The motivation behind this thesis was to study the diversification of the oil economies, specifically, that of the UAE and its neighboring GCC states. Despite the plethora of empirical research in in economic diversification and performance, there is a void in the correlation between economic performance (growth) and the economic stability and, empirical studies on the diversification of the UAE. The goal of this report was to conduct an exhaustive study of the most widely-used analytical tools, determine whether or not one can find a correlation between diversification and economic growth and stability and determine how and why the UAE economy is a diversifying one. The findings of this report indicate that by considering the results of several analytical tools, one can determine, for any economy, whether or not that economy is diversifying and how this diversification affects that economy's stability...._FROM chapter 4, p.55 of the thesis.