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Economic Development in the Gulf Cooperation Council Countries

Author: Héla Miniaoui

Publisher: Springer Nature

Published: 2020-10-26

Total Pages: 217

ISBN-13: 9811560587

This book delves into the economic development of the six Gulf Cooperation Council (GCC) countries. Since the 1960s, the GCC states have harnessed their potential to exploit the wealth accrued from the oil boom to build their infrastructure and grow their economies. However, the high level of dependency on oil as the primary source feeding their output made their economies volatile and vulnerable to fluctuations in the global oil prices. Moreover, the plunge in oil prices and the threat of depletion of this natural resource pose serious challenges to the GCC countries. Consequently, the GCC governments have realized the importance of diversifying their economies following the need to move away from reliance on hydrocarbon. This book contributes to the theoretical literature by enriching the debate on the transition of the GCC countries from rentier states to diversified economies. It helps students and scholars understand this transformation with an expansive comprehension of the contemporary challenges facing the region, as well as outlining prospects for the future.

The Gulf Cooperation Council

Author: Linda Low

Publisher: Institute of Southeast Asian Studies

Published: 2011

Total Pages: 71

ISBN-13: 9814311405

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The Gulf Cooperation Council (GCC) is comprised of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Possessing a significant share of the world's oil and gas reserves and including some of the world's fastest growing economies, the GCC is a significant regional grouping. As with the Association of Southeast Asian Nations (ASEAN), the Council has made significant progress towards economic integration. Seeking to draw out lessons applicable to ASEAN, this report looks at the structure and evolution of the GCC. This includes the context within which the Council was established, its rationale, and economic importance. It then follows the organization's development over time, paying particular importance to its progress from Customs Union and Common Market towards Monetary Union. The report then sets out the key challenges ahead for the Council, and concludes by highlighting the structural, organizational, and political lessons that resonate with ASEAN and its membership.

Economic Co-operation in the Gulf

Author: A. Ibrahim Badr-el-din

Publisher:

Published: 2007

Total Pages: 152

ISBN-13: 9780203971796

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A Political Economy of Free Zones in Gulf Arab States

Author: Robert Mogielnicki

Publisher: Springer Nature

Published: 2021-04-13

Total Pages: 262

ISBN-13: 3030712745

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This is the first book-length empirical study of free zones (FZs) in Gulf Cooperation Council (GCC) countries. The volume systematically illustrates the development processes behind FZs in Gulf Arab states and assesses the impact of these commercial entities on regional integration, global trade and investment trends, and the Gulf’s foreign relations. In the process, the work maps how economic strategies involving FZs evolve alongside varying levels of resource availability and state capacity on a local level while also revealing how development paths in Gulf Arab states are linked to regional and global accumulation circuits. FZ development is an under-examined topic in the wider literature on the Gulf. The empirical findings and theoretical implications of the work therefore offer an original contribution to prevailing political economy discussions concerning the Gulf region.

The Transformation of the Gulf

Author: David Held

Publisher: Routledge

Published: 2013-03-01

Total Pages: 388

ISBN-13: 113669840X

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This book examines the political, economic and social transformation of the six member-states of the Gulf Cooperation Council (GCC) and the ways in which these states are both shaping, and being reshaped by, the processes of globalisation. Adopting a multidisciplinary approach, the volume combines thematic chapters focusing on issues such as globalisation, nationalism and identity, political thinking, and economic diversification and redistributive policymaking with empirical chapters studying specific aspects of reform and change: the emergence of governing markets the rise of Sovereign Wealth Funds Islamic Finance the relationship between energy and sustainability trends in foreign aid donorship, strategic and foreign policy formulation. Contributions from experts in the field provide cutting-edge snapshots of a region in flux and collectively offer a roadmap of its repositioning in the global order, examining the interaction between global processes and internal dynamics of change and resistance that inject new dimensions into debates over the loci of local and global transformations and the manner in which each plays off the other. Situating the Gulf States firmly within their global twenty-first century context, this book will hold particular appeal to theorists of globalisation as well as to scholars of comparative politics, international political economy and area studies.

Money, Markets, and Monarchies

Author: Adam Hanieh

Publisher: Cambridge University Press

Published: 2018-09-13

Total Pages: 315

ISBN-13: 1108429149

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An original and empirically grounded analysis of the Gulf monarchies and their role in shaping the political economy of the Middle East.

The Gulf Cooperation Council States

Author: Yūsuf Khalīfah Yūsuf

Publisher:

Published: 2017

Total Pages: 413

ISBN-13: 9780863561474

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Exhaustive analysis of the political economies of the GCC States since the oil boom of the 1970s to the present.

Economic Diversification in the Gulf Region, Volume I

Author: Ashraf Mishrif

Publisher: Springer

Published: 2017-12-27

Total Pages: 247

ISBN-13: 9811057834

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This volume focuses on the role of the private sector in diversifying the economics of Gulf countries in the post-petrodollar era, when fluctuating and declining oil prices are negatively impacting national expenditures. It explores current policies of countries in the Gulf Cooperation Council and their efforts to shift their economies away from heavy dependence on hydrocarbons. The structural changes will create favorable conditions for the private sector to flourish, shift production dependence from public to private sector, and allow for more efficient resource allocation. Such changes will also allow local banks to provide financial support to small and medium enterprises, boost entrepreneurship for job creation, and strengthen organizational structure and efficiency. This is the first volume in Economic Diversification in the Gulf Region.

Conflict and Cooperation in the Gulf Region

Author: Joseph Kostiner

Publisher: Springer Science & Business Media

Published: 2009-01-22

Total Pages: 285

ISBN-13: 3531913379

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This book analyzes four main episodes of conflict and defense which have affected the region during the last three decades: the Iran-Iraq war (1980-1988), which effected the Gulf Cooperation Council (GCC) from a close, neighborly distance; the Iraq-Kuwait war (1990-1991), which constituted an attempt to invade the GCC and eliminate one of its member states, Kuwait. And the subsequent attempts to reestahblish a regional inter-state stability in the Gulf (during the mid-1990s, approximately), and the war of Islamic terrorism (notably al-Qa'ida) against Saudi Arabia (leading up to 2005). Each episode was driven by inimical interests and evolved as a distabilizintg influence on the Gulf states. At the same time, each conflict resulted in a paradoxical combination rivalry and cooperation among the GCC states themselves. A perpetual sequence of conflict and cooperation thus developed.

The European Union and the Gulf Cooperation Council

Author: Adel Abdel Ghafar

Publisher: Springer Nature

Published: 2021-08-03

Total Pages: 248

ISBN-13: 9811602794

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This book provides a comprehensive assessment of the various dimensions of the relationship between the European Union and the Gulf Cooperation Council, and highlights how relations are yet to reach their full potential. Despite both parties sharing a number of common interests, including trade, energy, climate change, security and cultural cooperation, the multilateral cooperation framework remains limited, with most engagement taking place bilaterally, between individual European and GCC countries. The book reassesses the potential and prospects for the EU’s engagement with GCC countries based on the recalibration and reconciliation of both parties’ national and regional interests. Taking a thematic approach, each of the three sections of the book examines a key dimension of the relationship, its current status and its path forward.