TAILIEUCHUNG - Innovation and economic diversification indicators – a comparative analysis among GCC countries with a special focus on Sultanate of Oman

Many empirical studies in developing economies suggest that economic diversification is indispensable for sustained economic growth. It is also suggested by studies that economic diversification of a country can be influenced by upgrading the capabilities of companies, scientists, regions which will empower them to innovate and create new products, processes and organizational structures. | Innovation and economic diversification indicators a comparative analysis among GCC countries with a special focus on Sultanate of Oman International Journal of Management IJM Volume 9 Issue 6 November December 2018 Article ID IJM_09_06_001 Available online at http ijm JType IJM amp VType 9 amp IType 6 Journal Impact Factor 2016 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication INNOVATION AND ECONOMIC DIVERSIFICATION INDICATORS A COMPARATIVE ANALYSIS AMONG GCC COUNTRIES WITH A SPECIAL FOCUS ON SULTANATE OF OMAN Dr. Kabaly P Subramanian Assistant Professor Arab Open University Oman Branch Rengarajan Lecturer Faculty of Business Studies Arab Open University Oman Branch ABSTRACT Many empirical studies in developing economies suggest that economic diversification is indispensable for sustained economic growth. It is also suggested by studies that economic diversification of a country can be influenced by upgrading the capabilities of companies scientists regions which will empower them to innovate and create new products processes and organizational structures. Hence innovation and economic diversification are inter-related. It is observed that long run economic development is driven by creative processes. More diversified economy is capable of handling economic shocks or decline of a sector. Economies with a varied set of sectors leads to become more democratic as different economic groups gain in creative economic and political power. If the growth of an economy is merely driven by efficiency not innovation it leads to reduction of employment due to routines and replacement of humans by machines GCC countries are oil dependent economies working hard to diversify their economies. Sultanate of Oman is one among GCC countries working with same principle and approach. GCC countries have been investing heavily in infrastructure and human development in order to make their economic

• Quản lý dự án
• Innovation and economic diversification
• Sustained economic growth
• Economic diversification of country
• Capabilities of companies
• Sultanate of Oman
• báo cáo khoa học
• báo cáo sinh học
• công trình nghiên cứu về sinh học
• tài liệu về sinh học
• cách trình bày báo cáo