Zhu Min | Breaking the oil spell in 20173 min read 30 Dec 2016, 12:51 AM IST
In all of the countries that have successfully diversified their economies the state has played a leading role by promoting innovation
One clear lesson for oil-exporting countries in recent years, and especially in 2016, is that they should be adjusting their public policies to promote innovation and diversify their economies. Their agreement in late November to cut production— the first such accord in eight years—doesn’t change this, regardless of the short-term increase in prices.
Select your Category