Development of Human Capital Resources to Increasing Economic Growth and Innovation in the GCC Countries

Author

Marwan M. Abdeldayem
Saeed H. Aldulaimi
Radwan Kharabsheh

Abstract
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.
Keywords: Cryptocurrency, Legal, Environmental Challenges, Fintech, Economy

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