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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 Documents, MIT Press, vol.
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Economic diversity is the procedure of transitioning an economy far from reliance on a single sector or income source to several sectors and markets. This type of economic shift is currently underway in the Gulf Cooperation Council (GCC) region, where Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates are experiencing fast socio-economic improvement.

The GCC region is going through a transformative stage focused on economic diversity and sustainable development.
A strong driver behind financial diversification and green shift strategies in the GCC is the well-documented effect of climate modification in the region being experienced now and in the future. The World Bank approximates that as much as 100 million individuals in the Middle East, including the GCC, will suffer from water tension by 2025, with portions of the area anticipated to become uninhabitable by the end of the century due to water scarcity and high temperatures.
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