The Gulf Cooperation Council
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.

The Gulf Cooperation Council
The Gulf Cooperation Council

Author: Rouhollah K. Ramazani

Publisher: University of Virginia Press

Published: 1988

Total Pages: 264

ISBN-13: 9780813911489

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If there has been a gap in the knowledge of the GCC, this book now fills it. This volume presents the essential information schematically, with sound comment by the author, and includes a rich collection of documents.

Economic Development in the Gulf Cooperation Council Countries
Economic Development in the Gulf Cooperation Council Countries

Author: Héla Miniaoui

Publisher: Springer Nature

Published: 2020-10-26

Total Pages: 217

ISBN-13: 9811560587

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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
The Gulf Cooperation Council

Author: John A. Sandwick

Publisher: Routledge

Published: 2019-06-26

Total Pages: 241

ISBN-13: 1000302083

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The Gulf Cooperation Council represents both a model of development and unity in the Arab world and a working example of interstate cooperation to other nations. In this volume, contributors describe the rationale for Gulf unity and cooperation and analyze the financial, economic, and legal institutions of the GCC member states (Saudi Arabia, Kuwait, the United Arab Emirates, Oman, Bahrain, and Qatar). They focus on the GCC's role in maintaining stability in the Arabian peninsula, an area that is clearly vital to U.S. interests. Contributors pinpoint the essential elements of GCC unity, including its efforts to obtain optimum economic self-sufficiency, to maximize market share and revenue from oil production, and to establish an integrated legal framework. The GCC's unique security needs, given the member states' vast combined area and thinly spread populations, are also discussed. An overview of the strategic interests and policies of both superpowers toward the region reveals a history of decline in their influence and prestige that is a result, it is argued, of misperceptions and misguided policies. Finally, documentation and bibliographic sections enhance the book's usefulness as a handbook on the GCC and the Arabian Gulf states.

The Saudi Arabian Economy
The Saudi Arabian Economy

Author: Mohamed A. Ramady

Publisher: Springer Science & Business Media

Published: 2010-09-05

Total Pages: 516

ISBN-13: 1441959874

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The Saudi Arabian economy has changed almost beyond recognition since the oil boom days of the 1980s, and the Kingdom itself has changed too economically, socially, and demographically. In the second edition of The Saudi Arabian Economy, Mohamed Ramady uses several overlapping themes to establish and develop a framework for studying the fundamental challenges to the Saudi economy. Particular attention is paid to the benefits of short-term planning and long-term diversification intended to shield the economy from potentially de-stabilizing oil price fluctuations and the pace and diversity of domestic reforms. The author examines the core strengths and evolution of various financial institutions and the Saudi stock market in the face of globalization, before analyzing the private sector in detail. Topics discussed include: • The hydrocarbon and minerals sector, including the emergence of the competitive petrochemical sector • The impact of small and medium sized businesses and the evolving role of “family” businesses • The growing role of women in the Saudi economy • The role of privatization and FDI as engines of change and the position of public-private-partnerships • The establishment of a foundation for a knowledge-based economy Finally, the author offers an analysis of the key challenges facing the Saudi economy, paying particular attention to the potential costs and benefits of globalization, and membership in the WTO. Employment, education, economic and social stability, and Saudi Arabia’s place in the Gulf Cooperation Council, as well as Saudi Arabia’s evolving strategic economic relations with China and other countries are offered as keys to the consensus building needed to ensure the Kingdom’s healthy economic future.

Member States of the Gulf Cooperation Council
Member States of the Gulf Cooperation Council

Author: Sten M. Burstrom

Publisher: Nova Science Publishers

Published: 2013

Total Pages: 0

ISBN-13: 9781628087963

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Seismic cultural and political shifts are under way in the Arab Gulf monarchies. The political upheavals and transitions that have swept through the Arab world over the last 2 years have not toppled the Arab Gulf rulers, but did not leave them untouched either. Rulers of Gulf Co-operation Council (GCC) states face heightened internal and external challenges and uncertainties. In this book, the authors assess the challenges facing the regions rulers, and propose meaningful political reform as a means of mitigating them.

The Outlook for Arab Gulf Cooperation
The Outlook for Arab Gulf Cooperation

Author: Jeffrey Martini

Publisher: Rand Corporation

Published: 2016-07-20

Total Pages: 101

ISBN-13: 083309307X

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"The cohesion of the Gulf Cooperation Council (GCC)--defined here as the ability of the six GCC member states to act together or in parallel--has significant consequences for regional stability and U.S. interests. This report examines factors that bind and divide the six GCC states--Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates--and presents the outlook for the GCC's evolution over the next ten years. Addressing the political, economic, and security dimensions of GCC relationships, the study provides a framework for understanding intra-GCC dynamics, an expectation of future developments, and policy recommendations for enhancing stability and U.S. regional interests"--Publisher's description.

Gulf Cooperation Council Countries (GCC)
Gulf Cooperation Council Countries (GCC)

Author: Samya Beidas-Strom

Publisher:

Published: 2011-10-02

Total Pages:

ISBN-13: 9781484383315

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Departmental papers are usually focused on a specific economic topic, country, or region. They are prepared in a timely way to support the outreach needs of the IMF’s area and functional departments.

Gulf Cooperation Council (GCC) - Economic Prospects and Policy Challenges for the GCC Countries
Gulf Cooperation Council (GCC) - Economic Prospects and Policy Challenges for the GCC Countries

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2013-11-13

Total Pages: 28

ISBN-13: 1498341136

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The global and regional economic environment remains challenging. Global growth remains tepid, and although some pick-up is expected, risks are tilted to the downside. Recent volatility in financial markets is having a significant impact on some large emerging markets, highlighting the challenges that will be faced in unwinding the Federal Reserve’s quantitative easing policy. Geopolitical uncertainties in the Middle East are also high.

The Gulf Cooperation Council at Forty
The Gulf Cooperation Council at Forty

Author: Tarik M. Yousef

Publisher: Brookings Institution Press

Published: 2023-02-22

Total Pages: 312

ISBN-13: 0815739540

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All of the GCC countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—are undergoing historic socio-economic transitions. They are facing enormous strains on public finances and challenging economic outlooks, due to fluctuating oil prices, demographic pressures, high unemployment rates, and a lack of economic diversification. These countries also are likely to feel the rising impact of climate change, and global policies to deal with it, over the coming decades. In addition, seemingly unstoppable shifts in the long-standing international order, notably the rise of China and uncertainties about U.S. leadership, have potentially serious implications for the Middle East and beyond. This by noted scholars and experts considers the key trends shaping Gulf Cooperation Council (GCC) countries--Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirate-- ranging from the COVID-19 pandemic, to climate change, economic disruptions, demographics and other domestic concerns, and shifts in the global order. The book’s chapters address such questions as: How will global megatrends impact the GCC? How can GCC states adjust and diversify their economies to meet the dual challenges of fluctuating oil prices and climate change? How can these states adjust their labor markets to absorb and support women and youth? How will inter GCC disagreements impact the region moving forward? And how will GCC relations with international actors shift in the coming years? This timely book, with its comprehensive analyses and policy recommendations, will be of interest to a wide range of readers interested in the GCC region, including policymakers, academics, and researchers at think tanks and nongovernmental organizations.