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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 Staff Nation 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 dependence on a single sector or source of income to multiple sectors and markets. This type of economic shift is presently underway in the Gulf Cooperation Council (GCC) area, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing quick socio-economic change.
The GCC area is going through a transformative phase focused on economic diversification and sustainable advancement.
A strong chauffeur behind financial diversity and green transition plans 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 up to 100 million individuals in the Middle East, consisting of the GCC, will suffer from water tension by 2025, with parts of the area anticipated to become uninhabitable by the end of the century due to water shortage and high temperature levels.
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