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26( 4 ), pages 543-566, April. Maximilian Benner, 2019. "," Economies, MDPI, vol. 7( 2 ), pages 1-22, May. All material on this website has actually been supplied by the particular publishers and authors. You can help appropriate errors and omissions. When requesting a correction, please mention this item's manage: RePEc: ehl: lserod:55252. See general info about how to correct material in RePEc.
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Economic diversity is the procedure of transitioning an economy far from dependence on a single sector or income to several sectors and markets. This sort of economic shift is presently underway in the Gulf Cooperation Council (GCC) region, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing rapid socio-economic improvement.
The GCC area is going through a transformative phase focused on financial diversity and sustainable development.
A strong chauffeur behind financial diversity and green shift strategies in the GCC is the well-documented impact of environment change in the area being experienced now and in the future. The World Bank approximates that as much as 100 million individuals in the Middle East, consisting of the GCC, will experience water tension by 2025, with parts of the region expected to end up being uninhabitable by the end of the century due to water shortage and high temperature levels.
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