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November 28th, 2007
The World Economic Forum launched its latest scenario study, The Kingdom of Bahrain and the World: Scenarios to 2025, following the success of its recent work on the future of Saudi Arabia and the GCC region.
The report (http://www.weforum.org/pdf/scenarios/gcc_bahrain_executive_summary.pdf) draws on the Forum's regional work to present three possible scenarios for Bahrain over the next 20 years: Oasis, Sandstorm and The Fertile Gulf. Oasis describes a world where continuing regional consolidation by the GCC countries and a focus on the efficient implementation of government policies allow Bahrain to do well economically, despite instances of instability and protectionism outside the GCC. By contrast, Sandstorm explores a future where severe regional instability, including conflict between the US and Iran, create a range of economic, political and social challenges for the country, leading to constrained budgets and frustrated populations. Finally, The Fertile Gulf looks at how Bahrain can contribute to regional stability while taking advantage of an open and fast-growing global economy to become the undisputed regional hub for healthcare, nanotechnology and Islamic banking.
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