Economic diversification in the GCC
Instructions
Linking the topic to international relations theories.
Answer
Economic Diversification of The GCC Countries IntroductionEconomic diversification is the process through which the economy shifts away from one source of income towards two or more sources from different ranges of sectors and markets. Economic diversification is mostly used as a strategy to encourage economic growth and development. To further understand economic diversification, the research paper seeks to explain what economic diversification can do. First, economic diversification helps companies and organizations to exchange experiences and share opportunities on the development and dissemination of measures, methods and tools that are aimed at increasing economic pliability (Banafea and Ibnrubbian, 2018, p. 47). And secondly, it helps in exchanging lessons learned and the experiences...
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