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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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Accelerating GCC Sectoral Expansion for GrowthZuzana Brixiova & Balzs gert & Thouraya Hadj Amor Essid, 2013. "," Working Paper Series 991, African Advancement Bank. Ricker-Gilbert, Jacob & Mason, Nicole M. & Darko, Francis & Jayne, Thomas S. & Tembo, Solomon, 2013. "," Food Security Collaborative Working Documents 154938, Michigan State University, Department of Agricultural, Food, and Resource Economics.
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Economic diversity is the process of transitioning an economy far from reliance on a single sector or income to numerous sectors and markets. This kind 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 transformation.
The GCC area is undergoing a transformative stage focused on economic diversity and sustainable advancement.
A strong driver behind financial diversification and green shift plans in the GCC is the well-documented effect of environment 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 experience water stress by 2025, with parts of the region anticipated to become uninhabitable by the end of the century due to water shortage and heats.
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