The Algerian economy between oil dependence and the inevitability of economic diversification

Abstract

The development path in Algeria shows that it was unable to establish a sustainable development path at all levels, which was mainly related to the lack of pace of structural transformation and the failure to build a diversified economic structure. Economic diversification represents a way out for the Algerian economy to modify its current development path, as it increases the spread of positive effects. Such as increasing productivity, efficiency, and technological development among economic activities and sectors, while ensuring the need for a clear role from the state to direct this diversification towards creating the most dynamic and highly productive economic activities.