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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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Economic diversity is the process of transitioning an economy away from reliance on a single sector or income source to several sectors and markets. This type 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 fast socio-economic improvement.
The GCC area is going through a transformative stage focused on economic diversification and sustainable advancement.
A strong chauffeur behind economic diversity and green shift strategies in the GCC is the well-documented impact of climate modification in the region being experienced now and in the future. The World Bank estimates that approximately 100 million people in the Middle East, consisting of the GCC, will suffer from water tension by 2025, with parts of the area anticipated to become uninhabitable by the end of the century due to water deficiency and heats.
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