مجلة الإبداع
Volume 14, Numéro 2, Pages 23-45
2024-07-01
Economic Diversification Strategies In Resource-rich Developing Countries The Experience Of The Gulf Cooperation Council Countries Gcc
Authors : Bacha Soumeya .
Abstract
This research analyzes the reality of economic diversification efforts within the Gulf Cooperation Council (GCC) and applied curriculum content research analysis to study the trends of economic diversification potential in the future from the reality of the current development plans of the governments of the Cooperation Council for the Arab States of the Gulf. It should be noted that current development plans are oriented to diversification as a way to ensure stable and sustainable income levels in the future. However, this research is based on the question of the possibility of translation diversification into concrete action plans,but there are a lot of structural barriers to diversification, regarding growth scenarios in the global economy, and duplication economic activities in the GCC. Furthermore, political responses to anticipating the “Arab Spring” uprisings suggest that these systems easily yielded and planned policies when it came under pressure to return to traditional ways of running businesses, through the intervention of the state and the dominant role of the public sector.
Keywords
Economic diversification ; private sector ; privatization ; foreign investment
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