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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. 7( 2 ), pages 1-22, May. When asking for a correction, please discuss this item's manage: RePEc: ehl: lserod:55252.
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Economic diversification is the procedure of transitioning an economy away from reliance on a single sector or income 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 change.
The GCC area is going through a transformative phase focused on economic diversification and sustainable advancement.
A strong motorist behind economic diversification and green transition strategies in the GCC is the well-documented impact of climate modification in the region being experienced now and in the future. The World Bank estimates that up to 100 million individuals in the Middle East, including the GCC, will struggle with water tension by 2025, with portions of the area expected to become uninhabitable by the end of the century due to water deficiency and high temperature levels.
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