Diversification of the GCC economies, supported by greater openness to trade and higher foreign investment, can have a … a more competitive business environment, and enhancing productivity. The GCC countries are open to trade, but much less … are to upgrade human capital, increase productivity and competitiveness, improve the business climate, and reduce …

Diversification and structural transformation play important roles in influencing the macroeconomic performance of low … a country's production and export structure. This can include diversification into new products and trading partners as …

as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital … trade volatility offset the positive impact of commodity booms; and export diversification of primary commodity abundant …

volatility. Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and … key prerequisites for economic diversification …