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Author : Rouhollah K. Ramazani,Joseph A. Kechichian Publisher : University of Virginia Press Page : 264 pages File Size : 42,8 Mb Release : 1988 Category : Law ISBN : 0813911486
The Gulf Cooperation Council by Rouhollah K. Ramazani,Joseph A. Kechichian Pdf
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 by Héla Miniaoui Pdf
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.
Author : Linda Low,Lorraine Carlos Salazar Publisher : Institute of Southeast Asian Studies Page : 71 pages File Size : 44,9 Mb Release : 2011 Category : Business & Economics ISBN : 9789814311403
The Gulf Cooperation Council by Linda Low,Lorraine Carlos Salazar Pdf
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.
International Monetary Fund. Middle East and Central Asia Dept.
Author : International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 53 pages File Size : 55,6 Mb Release : 2022-11-29 Category : Business & Economics ISBN : 9798400226670
Gulf Cooperation Council by International Monetary Fund. Middle East and Central Asia Dept. Pdf
GCC policymakers have managed to quickly mitigate the economic impact of the twin COVID-19 and oil price shock. Commodity prices have surged, and the outlook is more positive for GCC countries, with new challenges linked to Russia’s invasion of Ukraine and tighter global financial conditions expected to have a limited impact on GCC economies. While GCC countries have overall benefited from higher, albeit volatile hydrocarbon prices, numerous risks still cloud the outlook—notably a slowdown in the global economy. In this context, the reform momentum established during the low oil price years should be maintained—irrespective of the level of hydrocarbon prices.
International Monetary Fund. Middle East and Central Asia Dept.
Author : International Monetary Fund. Middle East and Central Asia Dept. Publisher : International Monetary Fund Page : 74 pages File Size : 52,5 Mb Release : 2023-12-14 Category : Business & Economics ISBN : 9798400263279
Gulf Cooperation Council: Economic Prospects and Policy Challenges for the GCC Countries by International Monetary Fund. Middle East and Central Asia Dept. Pdf
The GCC region’s non-hydrocarbon growth momentum remains strong, driven by higher domestic demand, increased gross capital inflows, and reform implementation. Oil production – which depends on OPEC+ decisions – will be subdued in the near term. Inflation is contained and current account surpluses are high. Fiscal balances remain healthy, supported by fiscal reforms and high oil prices. The primary non-oil deficits are expected to decrease to 24 percent of GDP by 2028, with higher non-oil revenue reflecting sustained fiscal and structural reforms and contained expenditures. High global uncertainty is weighing on the outlook.
The Gulf Cooperation Council at Forty by Tarik M. Yousef,Adel Abdel Ghafar Pdf
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.
Author : International Monetary Fund Publisher : International Monetary Fund Page : 28 pages File Size : 55,7 Mb Release : 2013-11-13 Category : Business & Economics ISBN : 9781498341134
Gulf Cooperation Council (GCC) - Economic Prospects and Policy Challenges for the GCC Countries by International Monetary Fund Pdf
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 European Union and the Gulf Cooperation Council by Adel Abdel Ghafar,Silvia Colombo Pdf
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.
Fostering Human Capital in the Gulf Cooperation Council Countries by Sameh El-Saharty,Igor Kheyfets,Christopher Herbst,Mohamed Ihsan Ajwad Pdf
The formation of human capital--the knowledge, skills, and health that people accumulate over their lifetimes--is critical for the six Gulf Cooperation Council (GCC) countries. Human capital contributes not only to human development and employment but also to the long-term sustainability of a diversified economic growth model that is knowledge based and private sector driven. This approach is critical, given that income from oil and gas will eventually decline and that the nature of work is evolving in response to rapid technological changes, in turn demanding new skill sets. The GCC governments have demonstrated their strong political will for this shift: four of them are among the first countries to join the World Bank’s Human Capital Project—a global effort to improve investments in people as measured by the Human Capital Index. The GCC countries face four main challenges: • Low levels of basic proficiency among schoolchildren • A mismatch between education and the labor market • A relatively high rate of adult mortality and morbidity • A unique labor market , in which wages in the public sector are more generous than in the private sector and government employment of nationals is virtually guaranteed To address these challenges, this report outlines four strategies in a“whole-of-government†? approach: • Investing in high-quality early childhood development • Preparing healthier, better educated, and skilled youth for the future • Enabling greater adult labor force participation • Creating an enabling environment for human capital formation These strategies are based on best practices in other countries and feature some of the GCC countries’ plans, including their national “Visions,†? to take their economies and societies further into the twenty-first century. With the COVID-19 pandemic, the GCC countries face additional challenges that may worsen some preexisting vulnerabilities and erode human capital. In response, the GCC governments have taken multiple measures to protect their populations’ health and their economies. Any country’s decision to reopen its economy needs to closely consider public health consequences to avoid a resurgence of infections and any further erosion of its human capital. The COVID-19 crisis underscores that the need to accelerate and improve investment in human capital has never been greater. Once the GCC countries return to a “new normal,†? they will be in a position to achieve diversified and sustainable growth by adopting, and then tailoring, the strategies presented in this report.
In May 1981 Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates, and Oman established the Gulf Cooperation Council (GCC) to facilitate cooperation, settle disputes, and strengthen security. This is the first English-language book to describe the GCC and assess its impact on the security and stability of the Gulf. It addresses four specific aspects of the GCC: a description of the basic charter and the United Economic Agreement; its structure and the policy of summitry; its achievements and the challenges before it; and the official, popular, and reformist views of its proper role.
Gulf Cooperation Council Culture and Identities in the New Millennium by Magdalena Karolak,Nermin Allam Pdf
The book analyzes recent changes to the identities and cultures of the GCC countries. These important transformations have gone largely unnoticed due to the fast-paced changes in the region that affect all aspects of society. The volume unpacks these transformations by looking from a holistic perspective at the intersections of language, arts, education, political culture, city, regional alliances and transnational identities. It offers selected case studies based on original research carried out in the region. Chapter 7, ‘Identity Lost & Found: Architecture and Identity Formation in Kuwait and the Gulf’, of this book is available open access under a CC BY 4.0 license at link.springer.com
The Gulf Cooperation Council by John A. Sandwick Pdf
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.
Foreign Relations of the GCC Countries by Eman Ragab,Silvia Colombo Pdf
This book examines the foreign policies of the GCC countries six years after the Arab uprisings, in terms of drivers, narratives, actions and outcomes, paying particular attention to Middle Eastern countries, Iran and Western international powers. The assessment focuses on current affairs, but also contributes to establishing a productive link between empirical studies and the existing theoretical frameworks that help explain the increasing foreign policy activism of the GCC countries. All in all, the articles collected in this book shed light on and provide a more solid and fine-grained understanding of how regional powers like Saudi Arabia, as well as the other smaller GCC countries, act and pursue their interests in an environment full of uncertainty, in the context of changing regional and global dynamics and power distribution. The book brings together the articles published in a Special Issue of the International Spectator.
Family Business in Gulf Cooperation Council Countries by Veland Ramadani,Wassim J. Aloulou,Mohammad Zainal Pdf
This volume represents a comprehensive state-of-the-art picture of family business and entrepreneurship issues in countries belonging to the Gulf Cooperation Council. It provides major theoretical and empirical evidence which depicts the current processes in each GCC country including problems, faced by family business owners and entrepreneurs, such as succession, financial constraints, and conflicts. The chapters offer recommendations to policy makers on how to improve the general business environment and encourage potential investors, researchers, academicians, and professionals to be more involved in the region. The book is an outcome of a long-lasting endeavor and includes contributions from highly reputed authors and experts from the region and abroad.