Abstract
The paper provides an overview of the key challenges, which face GCC
countries in their efforts to attain sustainable growth and development. Their capacity to
diversify the economy outside the energy sector, youth unemployment and labour market
imbalances represent good examples for these challenges.The paper shows the efforts
made by GCC countries to diversify their economies and to have sustained growth.
Achievements were not impressive in terms of innovation and human development but
relative satisfactory performance is obtained in the domain of governance and
infrastructure development. As a policy recommendation, the GCC countries need to adapt
new diversification strategies by encouraging innovation and developing the skills of the
human resources
countries in their efforts to attain sustainable growth and development. Their capacity to
diversify the economy outside the energy sector, youth unemployment and labour market
imbalances represent good examples for these challenges.The paper shows the efforts
made by GCC countries to diversify their economies and to have sustained growth.
Achievements were not impressive in terms of innovation and human development but
relative satisfactory performance is obtained in the domain of governance and
infrastructure development. As a policy recommendation, the GCC countries need to adapt
new diversification strategies by encouraging innovation and developing the skills of the
human resources
| Original language | English |
|---|---|
| Article number | 5 |
| Pages (from-to) | 23-37 |
| Number of pages | 15 |
| Journal | European Journal of Business and Innovation Research |
| Volume | 8 |
| Issue number | 5 |
| Publication status | Published - 2020 |
