Development of Human Capital Resources to Increasing EconomicGrowth and Innovation in the GCC Countries
DOI:
https://doi.org/10.56830/IJGMBS12202105Keywords:
Cryptocurrency, Legal, Environmental Challenges, Fintech, EconomyAbstract
Background: Innovation implies making better quality items and administrations, which together create a superior personal satisfaction. The purpose of this study is to clarify why the Gulf Cooperation Council (GCC) nations are as yet battling in the field of development despite the way that the committee is comprised of wealthy nations with high per capita pay. The point of this paper is to clarify the truth as to development in the GCC nations and to distinguish the fundamental snags and difficulties confronting these nations. Methodology of this empirical research embraced a systematic analysis method to control for the missing data. It utilized real GDP, employment rates, and capital stock data. Therefore, the study adopts a review of secondary data and analysis. Finding: in light of subjective exploration techniques, is that there are various impediments confronting GGC nations, hindrances like low interest in innovative work as a level of GDP, a low number of cutting edge sends out as a level of fabricated fares, and a low extent of laborers utilized in information serious exercises. Recommendations: These discoveries affirm that the GCC governments need to put forth incredible attempts to create development, particularly with respect to the markers referenced previously.
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