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Gordon White & Robert Wade, 1988. "," Palgrave Macmillan Books, in: Gordon White (ed.), Developmental States in East Asia, chapter 1, pages 1-29, Palgrave Macmillan. International Monetary Fund, 2012. "," IMF Personnel Country Reports 2012/271, International Monetary Fund. Farouk El-Kharouf & Sulayman Al-Qudsi & Shifa Obeid, 2010. "," Asian Economic Papers, MIT Press, vol.
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Economic diversity is the procedure of transitioning an economy far from reliance on a single sector or source of earnings to numerous sectors and markets. This sort of financial shift is currently underway in the Gulf Cooperation Council (GCC) region, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing fast socio-economic improvement.
The GCC region is undergoing a transformative phase focused on financial diversity and sustainable development.
A strong driver behind economic diversity and green shift strategies in the GCC is the well-documented effect of environment modification in the region being experienced now and in the future. The World Bank estimates that approximately 100 million individuals in the Middle East, including the GCC, will experience water tension by 2025, with parts of the area anticipated to become uninhabitable by the end of the century due to water scarcity and high temperatures.
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