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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 Papers, MIT Press, vol.
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Economic diversity is the process of transitioning an economy far from reliance on a single sector or source of earnings 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 economic diversity and sustainable advancement.
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 people in the Middle East, including the GCC, will experience water tension by 2025, with parts of the region anticipated to end up being uninhabitable by the end of the century due to water shortage and heats.
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