GCC Economic Environment

I'm working on a business question and need an explanation and answer to help me learn.

Task 1 –

Submit a work proposal for this assignment on or before 25/10/202

which must include:

 Understanding of deliverables – a detail description of deliverables.

 General overview of proposed plan – initial understanding of solution to task2.

 Timeline for completion of the given tasks. The work proposal must be submitted in a word file through the link available in Moodle. (10 Marks)

Task 2 This assignment depends on how much you read about the different topics on GCC, detail answer supported with in-text citation is required.

1. Provide critical discussion on the concept of GCC, its history and purpose.

2. Refer to the below provided link, which include article about GCC economic diversification read the article carefully and answer below questions. IntroductiontoEconomicDiversificationintheGCCRegion-Chapter1.pdf Questions:-

a. Critically explain the concept of economic diversification.

b. Explain Key Drivers of Economic diversification in GCC countries.

– In the article 3 Key Drivers of Economic diversification in GCC countries has been provided identify them and explain. – Students are also requested to search and write about other 3 Key Drivers of Economic diversification in any country. Make sure that your answer is supported with in-text citation. It is expected from each student to have his / her own information and explanation on other Key Drivers of Economic diversification in any country which depends on his/her research and reading.

c. What is the importance of economic diversification?

d. Select any three GCC country excluding Oman and critically explain the diversification strategy of those countries according to the case.

e. Do a research and read about current diversification strategy of Oman. Compare Oman diversification strategy which is provided in case study with current development strategy, provide your own discussion.

3. Write a conclusion in which you will make sure to highlight your findings