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, chapter 1, pages 1-29, Palgrave Macmillan. 2012/271, International Monetary Fund., MIT Press, vol.
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"," Environment and Planning C,, vol. 16( 1 ), pages 69-84, February. Jieming Zhu, 2013. "," Environment and Preparation C,, vol. 31( 2 ), pages 257-275, April. Amar, J. & Lecourt, C. & Carpantier, J.F., 2022. "," Journal of International Financial Markets, Institutions and Cash, Elsevier, vol. 77(C). Jieming Zhu & Loo-Lee Sim & Xuan Liu, 2007.
39( 10 ), pages 2346-2365, October. Fatiha Talahite, 2012. "," Revue Tiers-Monde, Armand Colin, vol. 0( 2 ), pages 143-160. Anna-Lena Maier, 2021. "," Journal of International Service Policy, Palgrave Macmillan, vol. 4( 4 ), pages 476-495, December. Jieming Zhu & Tingting Hu, 2009. "," Environment and Planning A,, vol. 41( 7 ), pages 1629-1646, July. Anthony GO Yeh & Fiona F Yang & Jiejing Wang, 2015.
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Economic diversity is the procedure of transitioning an economy far from reliance on a single sector or income source to multiple sectors and markets. This type of economic 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 rapid socio-economic change.
The GCC area is undergoing a transformative stage concentrated on financial diversity and sustainable development. Historically reliant on oil and gas, GCC economies are now making every effort to diversify their earnings sources through enthusiastic government-led initiatives 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 motorist behind financial diversity and green shift strategies 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, including the GCC, will experience water tension by 2025, with parts of the region anticipated to become uninhabitable by the end of the century due to water shortage and heats.
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