The presence of a trade-off is dependent on the modelling approach used and the empirical method and time period considered. Although this is a very brief review, it is reasonable to say that no concrete policy conclusions can yet be drawn from the academic literature on the relationship between efficiency and stability.
In fact, Bahrain’s financial sector continues to see the highest value-added per worker. The sector employs 2.7% of Bahrain’s civil service and private sector workforce, while contributing over 25% of GDP. However, as you are all aware, the financial services industry is one of the most rapidly growing and evolving segments of the global economy.