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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 Nation Reports 2012/271, International Monetary Fund. Farouk El-Kharouf & Sulayman Al-Qudsi & Shifa Obeid, 2010. "," Asian Economic Documents, MIT Press, vol.
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Economic diversification is the procedure of transitioning an economy away from reliance on a single sector or income to multiple sectors and markets. This kind 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 quick socio-economic change.
The GCC area is undergoing a transformative phase focused on economic diversity and sustainable advancement.
A strong driver behind economic diversity and green shift strategies in the GCC is the well-documented impact of environment modification in the region being experienced now and in the future. The World Bank estimates that approximately 100 million people in the Middle East, consisting of the GCC, will suffer from water stress by 2025, with portions of the area expected to end up being uninhabitable by the end of the century due to water shortage and high temperatures.
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