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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 Country Reports 2012/271, International Monetary Fund. Farouk El-Kharouf & Sulayman Al-Qudsi & Shifa Obeid, 2010. "," Asian Economic Documents, MIT Press, vol.
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39( 10 ), pages 2346-2365, October. 4( 4 ), pages 476-495, December. 41( 7 ), pages 1629-1646, July.
Fiscal Expansion and Investment in the 2026 GCC52( 15 ), pages 2822-2848, November. 15( 3 ), pages 295-321, October. 29( 1 ), pages 23-37, January.
42( 8 ), pages 1369-1390, July. 9( 1 ), pages 1-38, December. 7( 1 ), pages 1-19, May.
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Economic diversity is the process of transitioning an economy far from dependence on a single sector or source of earnings to multiple sectors and markets. This type 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 quick socio-economic transformation.
The GCC area is undergoing a transformative phase focused on economic diversification and sustainable development. Historically reliant on oil and gas, GCC economies are now aiming to diversify their income sources through enthusiastic government-led efforts like Saudi Vision 2030 and We the UAE 2031 that shift focus from high-risk, vulnerable and/or high-carbon markets and sectors to economies.
A strong chauffeur behind economic diversification and green transition strategies 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 approximately 100 million individuals in the Middle East, including the GCC, will suffer from water stress by 2025, with portions of the region expected to become uninhabitable by the end of the century due to water shortage and high temperatures.
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