Economic Diversification outside the Hydrocarbon Sector in Algeria -The road to sustainable development

Prepared by the researcher –  Dr. BENAZZA HANAA – University of Tlemcen-Algeria

Democratic Arab Center

International Journal of Economic Studies : Seventh Issue – August 2019

A Periodical International Journal published by the “Democratic Arab Center” Germany – Berlin. The journal deals with the field of Afro-Asian strategic, political and economic studies

https://democraticac.de/wp-content/uploads/2019/09/%D8%A7%D9%84%D9%85%D8%AC%D9%84%D8%A9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A%D8%A9-%D9%84%D9%84%D8%AF%D8%B1%D8%A7%D8%B3%D8%A7%D8%AA-%D8%A7%D9%84%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%AF%D8%AF-%D8%A7%D9%84%D8%B3%D8%A7%D8%A8%D8%B9-%D8%A2%D8%A8-%E2%80%93-%D8%A3%D8%BA%D8%B3%D8%B7%D8%B3-2019.pdf

Abstract:

The current research paper aims to analyze the economic diversification issue in Algeria, Which has become inevitable necessity under the increasing volatility of oil prices. The study based on the descriptive analytical method, has conducted that the economic diversification in Algeria is subject to overcoming the obstacles and constraints that stand in the way of diversifying national economy outside hydrocarbon sector by adopting an appropriate strategy as industrial strategy to substitute imports ,which is the most appropriate and realistic strategy, as it is an inexpensive strategy on the one hand, and helps to the treatment of  the balance of payments deficit problem, and reduce unemployment rates on the other hand.