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Strategic pathways to economic diversification beyond oil: an in-depth analysis of Angola's potential quick wins: taking cues from Malaysia: a benchmark in manufacturingled diversification
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This study outlines a policy framework to foster economic diversification in oil-dependent Angola. Drawing insights from stakeholder interviews and successful diversification strategies in other nations, the paper suggests bolstering Angola's simple Agri-industrial sector through: (i) creating a specialized agency for product development; (ii) enhancing educational partnerships to build human capital; (iii) promoting cooperatives for better collaboration and knowledge transfer; and (iv) redefining the state's role to encourage investment and
growth. This strategy seeks to facilitate quick, tangible economic shifts, steering Angola towards sustainable growth with reduced reliance on its oil sector.
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Dutch disease Oil dependency Economic diversification Benchmark policies Export oriented industrialization Agriculture Manufacturing Agri-industry Foreign direct investment (FDI) Economic development Human capital development Quick win strategies Infrastructure development Public-private partnerships Trade diversification Non-oil sectors Sustainable growth