The need to develop tourism and diversify as well as redirect the Nigerian economy away from crude oil as the sole foreign exchange earner is overwhelming for several reasons. Not only does tourism hold huge capacity to forge effective backward and forward linkages with the rest of the economy, it has proved to be a significant foreign exchange earner and a major source of employment and income in many developing countries. Given Nigeria’s many tourist attractions, tourism has the potential to attract huge internal capital investment as well as foreign direct investments necessary to enhance tourist infrastructure provisions and services. This is particularly so in rural areas given that most tourist attractions in Nigeria are rural based, and where tourism development can become a catalyst for rural development particularly where tourism is developed within the tenets of sustainable development. Presently, Nigeria’s tourism industry is rudimentary, undeveloped, and suffers from chronic shortages of infrastructure as well as supporting and enhancing institutions. In particular, the lack of awareness and appreciation for landscaping in particular, and the environment in general, has compounded the problems of tourism development in Nigeria. This research is motivated by the desire to understand the structure, conduct, and performance of the tourism sector in Nigeria and emphasise, amongst other factors, the significant role landscaping could play in the desire for sustainable tourism in Nigeria. In conducting the research, a mixed methods research approach was employed using the sequential strategy of quantitative survey; followed by a qualitative data gathering method using interviews. These were conducted among tourism stakeholders within two geopolitical zones in Nigeria, namely, the North-central and the South-west. This approach was informed by the pragmatic philosophy adopted by the researcher, which allows the triangulation of methods in order to come up with a more comprehensive and complementary results on the focus of this research. Data obtained were critically analysed using the Statistical Packages for Social Sciences (SPSSx) and Nvivo8 software. The research identified setbacks which have prevented sustainable tourism development in Nigeria. Also is the need for the beautification of the attractions through landscaping as well as the provision of tourism infrastructures. The implication of the findings is that if landscaping is not made the centre of tourism policy, tourism is likely to fall short of expectation. A conceptual framework for the way forward was suggested based on the outcome of the analyses and two regression models developed and presented the roles landscaping could play in sustainable tourism and in Nigeria economic diversification. If implemented, the suggestions should provide a solid basis for redressing the current pitfalls in Nigeria’s tourism landscape.

Thesis (MComm)--Stellenbosch University, 2011. / ENGLISH ABSTRACT: This study analyses the relationship between mineral rent and Botswana’s economic diversification. The analysis is done by; 1) providing an overview of Botswana’s economy and development, 2) explaining the economics of minerals, 3) describing Botswana’s mineral economy, 4) examining how mineral rent is generated and utilised in Botswana, 5) analysing the economic diversification of Botswana, 6) investigating constraints faced by Botswana in diversifying the economy, and 7) concluding by offering recommendations that can assist policy makers with decisions regarding economic diversification. The economic value of minerals is measured by the rent they earn. Rent is profit above the normal return on total investment and is due to the scarcity of minerals. Management of minerals to achieve sustainability requires that rent is recovered through various taxes and be invested in economic activities that can provide income and employment for the future generation. In Botswana, mineral rent is generated from royalty payments, profit taxes and withholding tax on remitted dividends. Total resource rent was estimated at P160 million in 1979, but by the 2008/09 financial year, rent had increased by more than tenfold and was estimated at P10.56 billion. Diamond mining generates most of the rent and accounts for most of all the economic value of minerals, between 98 percent and 99 percent from 2004 and 2009. Copper nickel is the second most important resource after diamonds with a contribution that is between 1.03 percent and 1.34 percent of total resource rent in the 2007/08 and 2008/09 financial years. Coal, gold and soda ash are much less valuable from an economic perspective. In the 1973/74 financial year, the mining industry contributed about 34 percent to Gross Domestic Product (GDP) at current prices and a high of 48 percent in 2000/01, although contribution declined to 40 percent in 2007/08. The mining industry contributed about 90 percent to total exports in 2001. In the same year, diamonds contributed about 85 percent to total exports and about 95 percent to the mining sector’s exports. Since minerals took centre stage in the economy of Botswana, rent has been utilised to acquire foreign reserves abroad and finance development priorities such as the provision of health care, education and infrastructure. Part of the rent is also used to develop economic diversification through targeted initiatives that increase private sector involvement in economic activity. Even though that is the case, the Ogive Index shows that from 1973 to 2009, economic diversification has taken place, but at a slow pace. Slow economic diversification is a result of structural problems such as; a small domestic economy, high transportation costs, high cost of doing business, not fully benefitting from regional trade and vulnerability to transitional challenges like the economic crisis’. To overcome these problems, Botswana should benchmark in other mineral-rich countries to address internal capacity problems and production deficiencies. The country should also strive to benefit from international trade at a bilateral, regional and multilateral level. / AFRIKAANSE OPSOMMING: In hierdie studie is die verhouding tussen mineraalontginningsurplus en Botswana se ekonomiese diversifikasie ontleed. Hierdie ontleding is gedoen deur 1) ’n oorsig te bied van Botswana se ekonomie en ontwikkeling; 2) die ekonomie van minerale te verduidelik; 3) Botswana se mineraalekonomie te beskryf; 4) die manier waarop mineraalontginningsurplus in Botswana gegenereer en benut word, te ondersoek; 5) die ekonomiese diversifikasie van Botswana te ontleed; 6) beperkings waarvoor Botswana te staan kom in die diversifikasie van die ekonomie te ondersoek; en 7) af te sluit met aanbevelings wat beleidmakers kan help met besluite oor ekonomiese diversifikasie. Die ekonomiese waarde van minerale word gemeet deur die ontginningsurplus wat dit verdien. Ontginningsurplus is wins bo die normale rendement van die totale belegging en is in gebruik weens die skaarste van minerale. Die bestuur van minerale vir volhoubaarheid vereis dat ontginningsurplus deur verskeie soorte belasting verhaal word en in ekonomiese aktiwiteite belê word wat inkomste en werkverskaffing vir die toekomstige generasies kan verskaf. In Botswana word mineraalontginningsurplus uit tantièmebetaling, winsbelasting en terughoubelasting op geremitteerde dividende gegenereer. Die totale hulpbronontginningsurplus is in 1979 op P160 miljoen geraam, maar teen die 2008/09- finansiële jaar het die ontginningsurplus tienvoudig vermeerder en is dit op P10.56 biljoen geraam. Diamantontginning genereer die meeste van die ontginningsurplus en is verantwoordelik vir die grootste gedeelte van die totale ekonomiese waarde van minerale – tussen 98% en 99% vanaf 2004 tot 2009. Nikkeliet is die tweede belangrikste hulpbron ná diamante,met ’n bydrae van tussen 1.03% en 1.34% van die totale hulpbronontginningsurplus in die 2007/08- en 2008/09- finansiële jaar. Steenkool, goud en soda-as is aansienlik minder waardevol vanuit ’n ekonomiese perspektief. In die 1973/74- finansiële jaar het die mynwese ongeveer 34% tot die bruto binnelandse produk (BBP) teen huidige pryse bygedra, met ’n hoogtepunt van 48% in 2000/01, alhoewel die bydrae tot 40% in 2007/08 afgeneem het. Die mynwese het ongeveer 90% tot totale uitvoere in 2001 bygedra. In dieselfde jaar het diamante ongeveer 85% tot totale uitvoere en ongeveer 95% tot die mynbedryf se uitvoere bygedra. Sedert minerale die kern van Botswana se ekonomie begin vorm het, is ontginningsurplus gebruik om buitelandse reserwes te verkry en ontwikkelingsprioriteite, soos die verskaffing van gesondheidsorg, opvoeding en infrastruktuur, te finansier. ’n Gedeelte van die ontginningsurplus word ook gebruik om ekonomiese diversifikasie te ontwikkel deur teikeninisiatiewe wat die privaat sektor se betrokkenheid by ekonomiese aktiwiteit bevorder. Ten spyte hiervan, toon die Ogive-index dat ekonomiese diversifikasie wel van 1973 tot 2009 plaasgevind het, maar dat dit teen ’n stadige pas geskied het. Stadige ekonomiese diversifikasie is ’n gevolg van strukturele probleme soos ’n klein binnelandse ekonomie, hoë vervoerkoste, hoë sakekoste, streekshandel waaruit voordeel nie ten volle verkry word nie en kwesbaarheid vir oorgangsuitdagings soos die ekonomiese krisis. Botswana moet met ander mineraalryk lande normeer om interne kapasiteitsprobleme en produksiegebreke die hoof te bied. Die land moet ook daarna streef om op ’n bilaterale, streeks- en multilaterale vlak uit internasionale handel munt te slaan.

Pagrindinių magistrantūros studijų baigiamasis darbas 66 puslapių, 29 paveikslai, 14 lentelių, 30 literatūros šaltiniai, 2 priedai, lietuvių kalba. Tyrimo objektas: ūkininkai įgyvendinantys ekonominės veiklos diversifikacijos strategiją, diversifikavimo paramos priemonės. Darbo tikslas: išnagrinėti Lietuvos ūkininkų ūkių ekonominės veiklos diversifikavimo vadybinius aspektus ir sudaryti sprendimo diversifikuoti ūkininko ūkio veiklą pagrindimo, priėmimo ir įgyvendinimo modelius. Uždaviniai: 1. Išnagrinėti ekonominės veiklos diversifikavimo strategijos pasirinkimo ir įgyvendinimo teorinius aspektus. 2. Išanalizuoti ūkininkų ūkių ekonominės veiklos diversifikacijos būklę Lietuvoje. 3. Ištirti ūkininkų ūkių strateginių sprendimų diversifikuoti ekonominę veiklą priėmimo motyvaciją ir veiksnius. 4. Parengti pasiūlymus ūkininkų sprendimams, dėl jų ūkių veiklos diversifikacijos pagrindimo. Tyrimo metodai: mokslinės literatūros, dokumentų bei teisės aktų analizė; kokybinis tyrimas ir jo analizė (pusiau standartizuota anketinė apklausa); statistinių duomenų analizė, loginis modeliavimas ir kiti metodai. Tyrimo rezultatai • pirmoje darbo dalyje išnagrinėta ekonominės veiklos diversifikavimo strategijos pasirinkimo ir įgyvendinimo teoriniai aspektai. • antroje dalyje išanalizuota Lietuvos ūkininkų apsisprendimas diversifikuoti ūkio veiklą patirtis, motyvai, bei apsisprendimo priklausomybės nuo veiksnių. • trečioje darbo dalyje pateikti sprendimo diversifikuoti ūkininko ūkio veiklą... [toliau žr. visą tekstą] / Final work of University Postgraduate Studies consists of 66 pages, 29 figures, 14 tables, 26 sources of literature 2 appendixes, in Lithuanian language. The object of the research: farmer’s who use a diversification strategy, diversification strategy supports. Aim: To examine the Lithuanian diversification of farmers activity in the aspect of strategic management and to make justification, adoption and implementation models. Objectives: 1st Examine the economic diversification strategy for the selection and implementation of the theoretical aspects. 2nd Analyze farmers' farms in the state of diversification of economic activities in Lithuania. 3rd To examine the strategic decisions of farmers farm diversification of economic activities and making the motivation factors. 4th To prepare proposals for decisions by farmers for their farm business diversification reasons. Research methods: scientific literature, documents and legislative analysis and qualitative research analysis (semi-standardized questionnaire), statistical analysis, logic simulation and other methods. Survey results: • the first part of this examination of a strategy of diversification of economic activities in the selection and implementation of the theoretical aspects. • the second part analyzed the Lithuanian farmers resolve to diversify the economic activities of experience, motives, and self reliance of factors. • The third part of the decision to diversify the farm's business... [to full text]

Promoting economic diversity is important for states reliant on natural resources as the major source of economic development. Many of these states suffer from the Dutch disease leading to negative effects, which hinders economic diversification. One of the ways to reduce dependency on national resources is to encourage Foreign Direct Investment (FDI) inflows, which aids diversification by the transfer of technology, the creation of new employment opportunities, and the adoption of modern management practices. The Gulf Council Cooperation (GCC) countries recognised the necessity and benefits of FDI as an aid to economic diversification; it seems, however, that Kuwait is lagging behind in this endeavour. The government of Kuwait has engaged in a series of policy measures to induce Multinational Companies (MNCs) to invest in Kuwait, but the results, thus far, have been disappointing. The formal and informal institutions interact in a variety of ways. However, ineffective formal rules can create different outcomes; particularly, in the presence of strong informal institutions. In such a case, formal rules and procedures are not enforced systematically, that is, enabling actors who are involved in the policy process to ignore or violate them, which subsequently results in a failure to attract inward FDI to a host country. Thus, this study investigates the reasons behind this failure by examining the role of formal and informal institutions on FDI policy and on decisions on whether to grant FDI licences by means of using a New Institutional Economics (NIE) approach. The conceptual framework is used as a guide for an inquiry into the subject of study by constructing a category of intellectual scaffolding, which would provide a coherent structure (Schlager, 2007). The conceptual framework in this study systematically organises the investigation into how a MNC examines a potential investment location by dividing the host country assessments into four distinct 'stages'. When systematically conducted, the respective approach is grounded in the existing literature, which provides theories regarding the behaviour of MNCs in relation to their decision-making processes for considering locations for their FDI projects. The research questions derived from the conceptual framework are answered using a mixed methods research approach that uses three sets of data survey, semi-structured interviews, and secondary data. Firstly, the findings show that almost that all MNCs in the Gulf region have a limited awareness regarding investment opportunities in Kuwait, FDI laws and regulations. Secondly, the findings reveal a number of attractive and unattractive locations, and institutional factors of Kuwait. Finally, it is discovered that the high rejection rate of FDI applications is linked to unsuccessful policy implementation, which is a result of interaction of both formal and informal institutions in Kuwait. Subsequently, the results are utilised to make a number of recommendations for government policy makers, administrators, and for MNCs regarding how to improve FDI inflows into Kuwait. The results are also used to contribute towards the international business literature concerning the institution based view of FDI, and for government policy connected to attracting FDI.

Promoting economic diversity is important for states reliant on natural resources as the major source of economic development. Many of these states suffer from the Dutch disease leading to negative effects, which hinders economic diversification. One of the ways to reduce dependency on national resources is to encourage Foreign Direct Investment (FDI) inflows, which aids diversification by the transfer of technology, the creation of new employment opportunities, and the adoption of modern management practices. The Gulf Council Cooperation (GCC) countries recognised the necessity and benefits of FDI as an aid to economic diversification; it seems, however, that Kuwait is lagging behind in this endeavour. The government of Kuwait has engaged in a series of policy measures to induce Multinational Companies (MNCs) to invest in Kuwait, but the results, thus far, have been disappointing. The formal and informal institutions interact in a variety of ways. However, ineffective formal rules can create different outcomes; particularly, in the presence of strong informal institutions. In such a case, formal rules and procedures are not enforced systematically, that is, enabling actors who are involved in the policy process to ignore or violate them, which subsequently results in a failure to attract inward FDI to a host country. Thus, this study investigates the reasons behind this failure by examining the role of formal and informal institutions on FDI policy and on decisions on whether to grant FDI licences by means of using a New Institutional Economics (NIE) approach. The conceptual framework is used as a guide for an inquiry into the subject of study by constructing a category of intellectual scaffolding, which would provide a coherent structure (Schlager, 2007). The conceptual framework in this study systematically organises the investigation into how a MNC examines a potential investment location by dividing the host country assessments into four distinct ¿stages¿. When systematically conducted, the respective approach is grounded in the existing literature, which provides theories regarding the behaviour of MNCs in relation to their decision-making processes for considering locations for their FDI projects. The research questions derived from the conceptual framework are answered using a mixed methods research approach that uses three sets of data survey, semi-structured interviews, and secondary data. Firstly, the findings show that almost that all MNCs in the Gulf region have a limited awareness regarding investment opportunities in Kuwait, FDI laws and regulations. Secondly, the findings reveal a number of attractive and unattractive locations, and institutional factors of Kuwait. Finally, it is discovered that the high rejection rate of FDI applications is linked to unsuccessful policy implementation, which is a result of interaction of both formal and informal institutions in Kuwait. Subsequently, the results are utilised to make a number of recommendations for government policy makers, administrators, and for MNCs regarding how to improve FDI inflows into Kuwait. The results are also used to contribute towards the international business literature concerning the institution based view of FDI, and for government policy connected to attracting FDI. / Kuwait Petroleum Corporation (KPC)

The aim with this thesis is to explore why the female labour force participation (FLFP) currently is increasing in one of the most conservative regions of the world: the Gulf Cooperation Council (GCC), while decreasing globally. (World Bank, 2022). The ongoing process of economic diversification in the region is in this thesis suggested to be an overlooked factor behind the surge in FLFP. Drawing from political science, political economy, and sociology theory on the gendered division of labour (e.g., Peterson, 2015; Prügl, 2020), this thesis suggests that, as the economies in the GCC region becomes more diversified, more female-coded labour sectors emerge. As a result, FLFP increases. The study is conducted by time series cross section statistical analysis with a timeframe between 1995 - 2015, using data from the Quality of Government Institute (Teorell, Sundström, Holmberg, Rothstein, Pachon & Mert Dalli, 2022). The result show that economic diversification affects FLFP in the GCC region, but not on a global level. The contribution of this thesis is not only to shed light on economic diversification as an unexplored factor that affects FLFP, but also on the importance of female-coded sectors for enabling women in conservative contexts to be part of the paid labour force.

The United Arab Emirate's (UAE) economic diversification efforts, both positive and negative, actual and proposed, should be used as a model for the other Gulf Cooperation Council (Oman, Saudi Arabia, Kuwait, Bahrain, Qatar and the UAE) members. A majority of the GCC countries rely heavily on oil and have underdeveloped non-oil sectors, the exception is the United Arab Emirates. The UAE began diversifying its economy long ago, and though oil is still the backbone of its economy, the non-oil sector is starting to successfully take shape. The other GCC members should use the UAE's economic program as a model so economic stability will not falter when the oil reserves are depleted.

The literature focusing on the resource-curse commonly characterize oil-rich economies as weak and fragile. These literatures encourage diversification 'away' from oil in order to develop the economies, however, they often overlook the path for development. In contrast to this broad aim, this research bids to develop the economy 'based on' oil using Saudi Arabia as case study that can be valuable to similar resource-rich economies. The research seeks to understand how public policymaking can be used as a path to sustainable economy. It employs concepts of economic theory to design an optimal oil depletion policy framework that normatively geared towards achieving sustainable economic outcome. Sustainable economy is that simply beyond what often gauged by the GDP, an economy that is focused on long-term value creation that can shield the country against market upsets. The policy framework is grounded on economic sustainability, political economy, and the role of institutions and policymaking in managing resource-rich economies. As a result, the methodology under Normative Policy Analysis Framework was devised to outline the oil depletion policy model which will also be practically useful to propose, develop, and analyze other normative policies. The methodology also helped in identifying the specific parameters influencing the oil depletion policy in Saudi Arabia and conceivably in other oil-rich economies. As the sustainable economic welfare is, by definition, at the heart of policymaking, government intervention through effective policymaking and strong institutions plays an active role in managing market distortions, promote socioeconomic welfare, and achieve sustainability. Saudi Arabia should employ the optimal oil depletion policy to steer the economy through the sustainable path by leveraging on its national comparative advantage underpinned by resource endowment. The research also revealed that, Saudi Arabia should optimally balance between endogenous and exogenous variables in crafting its oil policy. This should lead the path to economic diversification and enable the country to wean itself from oil-dependence, disengage from in rent-seeking activities, and shift to long-term sustainable development objectives implied by development-led depletion model.

A fundamental research question in regional economic development, is why some regions are able to diversify into new products and industries, while others continue to face challenges in diversification? This doctorate research explores the different pathways to diversification. It follows the three-stage modular structure of DBA for Cranfield School of Management. This thesis consists of a systematic literature review, a single qualitative case study on UAE, and a research synthesis of published cases on Singapore, Norway and UAE. The linking document provides a summary of the three projects and consolidates findings and contributions into a path creation model that provides new understanding on the pathways to regional diversifications. This research integrates existing theoretical foundations of evolutionary economic geography, institutional economic geography, path dependence, industry relatedness, economic complexity, and path creation into a unified conceptual path creation model. It generates propositions, builds a framework and develops a matrix for path creation that integrate context, actors, factors, mechanisms and outcomes shaping regional diversification. It finds that in the context of path dependence and existing conditions of a region, economic actors undertake strategic measures to influence the institutional capabilities to accumulate knowledge and trigger indigenous creation, anchoring, branching, and clustering diversification mechanisms to create complex varieties of related and unrelated diversification outcomes. The institutional collaboration capabilities are found to be instrumental in accumulating knowledge and determining the relatedness and complexity of diversification outcomes. This research further provides a set of integrated platform strategies to guide policy-makers on setting up the pathways to regional diversification.

A fundamental research question in regional economic development, is why some regions are able to diversify into new products and industries, while others continue to face challenges in diversification? This doctorate research explores the different pathways to diversification. It follows the three-stage modular structure of DBA for Cranfield School of Management. This thesis consists of a systematic literature review, a single qualitative case study on UAE, and a research synthesis of published cases on Singapore, Norway and UAE. The linking document provides a summary of the three projects and consolidates findings and contributions into a path creation model that provides new understanding on the pathways to regional diversifications. This research integrates existing theoretical foundations of evolutionary economic geography, institutional economic geography, path dependence, industry relatedness, economic complexity, and path creation into a unified conceptual path creation model. It generates propositions, builds a framework and develops a matrix for path creation that integrate context, actors, factors, mechanisms and outcomes shaping regional diversification. It finds that in the context of path dependence and existing conditions of a region, economic actors undertake strategic measures to influence the institutional capabilities to accumulate knowledge and trigger indigenous creation, anchoring, branching, and clustering diversification mechanisms to create complex varieties of related and unrelated diversification outcomes. The institutional collaboration capabilities are found to be instrumental in accumulating knowledge and determining the relatedness and complexity of diversification outcomes. This research further provides a set of integrated platform strategies to guide policy-makers on setting up the pathways to regional diversification.