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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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26( 4 ), pages 543-566, April. Maximilian Benner, 2019. "," Economies, MDPI, vol. 7( 2 ), pages 1-22, May. All product on this site has actually been supplied by the particular publishers and authors. You can help proper errors and omissions. When requesting a correction, please discuss this product's manage: RePEc: ehl: lserod:55252. See basic information about how to remedy product in RePEc.
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Economic diversification is the process of transitioning an economy away from dependence on a single sector or income source to multiple sectors and markets. This sort of economic 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 rapid socio-economic transformation.
The GCC area is going through a transformative stage focused on economic diversity and sustainable advancement.
A strong chauffeur behind economic diversification and green shift strategies in the GCC is the well-documented impact of climate modification in the area being experienced now and in the future. The World Bank approximates that as much as 100 million individuals in the Middle East, including the GCC, will suffer from water tension by 2025, with portions of the region anticipated to end up being uninhabitable by the end of the century due to water deficiency and heats.
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