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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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Can GCC Non-Oil Growth Outpace Global Benchmarks?52( 15 ), pages 2822-2848, November. Mazaheri Nimah, 2013. "," Business and Politics, De Gruyter, vol. 15( 3 ), pages 295-321, October. Laura Routley, 2012. "," Global Advancement Institute Working Paper Series esid-003-12, GDI, The University of Manchester. Duckett, Jane, 2001. "," World Development, Elsevier, vol. 29( 1 ), pages 23-37, January. El-Haddad Amirah, 2020. "," Evaluation of Middle East Economics and Finance, De Gruyter, vol.
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Economic diversification is the procedure of transitioning an economy far from reliance on a single sector or income source to several sectors and markets. This kind of financial 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 rapid socio-economic improvement.
The GCC region is undergoing a transformative stage focused on financial diversification and sustainable development.
A strong motorist behind economic diversity and green shift plans in the GCC is the well-documented impact of environment change in the region being experienced now and in the future. The World Bank estimates that up to 100 million individuals in the Middle East, consisting of the GCC, will suffer from water stress by 2025, with parts of the region anticipated to end up being uninhabitable by the end of the century due to water scarcity and high temperatures.
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