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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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"," Environment and Preparation C,, vol. 16( 1 ), pages 69-84, February. Jieming Zhu, 2013. "," Environment and Planning C,, vol. 31( 2 ), pages 257-275, April. Amar, J. & Lecourt, C. & Carpantier, J.F., 2022. "," Journal of International Financial Markets, Institutions and Cash, Elsevier, vol. 77(C). Jieming Zhu & Loo-Lee Sim & Xuan Liu, 2007.
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Economic diversification is the process of transitioning an economy far from dependence on a single sector or source of earnings to several 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 improvement.
The GCC area is undergoing a transformative stage focused on financial diversification and sustainable development.
A strong chauffeur behind economic diversity and green shift plans in the GCC is the well-documented effect of climate modification in the area being experienced now and in the future. The World Bank estimates that approximately 100 million individuals in the Middle East, consisting of the GCC, will struggle with water stress by 2025, with portions of the area expected to end up being uninhabitable by the end of the century due to water scarcity and high temperatures.
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