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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 Personnel Nation 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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Economic diversification is the procedure of transitioning an economy far from reliance on a single sector or income to multiple sectors and markets. This type of financial shift is currently underway in the Gulf Cooperation Council (GCC) area, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing quick socio-economic change.
The GCC area is undergoing a transformative stage focused on economic diversity and sustainable advancement.
A strong motorist behind financial diversity and green shift plans in the GCC is the well-documented impact of climate change in the area being experienced now and in the future. The World Bank estimates that as much as 100 million individuals in the Middle East, consisting of the GCC, will struggle with water tension by 2025, with parts of the region anticipated to end up being uninhabitable by the end of the century due to water deficiency and heats.
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