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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 been provided by the particular publishers and authors. You can help right mistakes and omissions. When requesting a correction, please mention this item's handle: RePEc: ehl: lserod:55252. See general information about how to fix 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 source to several sectors and markets. This kind 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 quick socio-economic change.
The GCC area is going through 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 effect of climate modification 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, including the GCC, will experience water stress by 2025, with parts of the region expected to end up being uninhabitable by the end of the century due to water deficiency and heats.
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