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Author: Héla Miniaoui
Publisher: Springer Nature
ISBN: 9811560587
Category : Political Science
Languages : en
Pages : 217
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Book Description
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: Héla Miniaoui
Publisher: Springer Nature
ISBN: 9811560587
Category : Political Science
Languages : en
Pages : 217
Get Book Here
Book Description
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
Publisher: Institute of Southeast Asian Studies
ISBN: 9814311405
Category : Business & Economics
Languages : en
Pages : 71
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Book Description
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.
Author: Marcus L. Stephenson
Publisher: Taylor & Francis
ISBN: 1317690885
Category : Business & Economics
Languages : en
Pages : 289
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Book Description
This book examines the challenges facing the development of tourism in the six member states of the Gulf Cooperation Council (GCC): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). This region, which largely comprises the Arabian Peninsula, possesses some of the fastest growing economies in the world and is remarkably unique. It shares similar associations and affinities: tribal histories, royal kinship, political associations, Bedu cultural roots, Islamic heritage, rapid urbanization, oil wealth, rentier dynamics, state capitalist structures, migrant labour, economic diversification policies and institutional restructuring. Therefore, this volume takes the study of tourism away from its normative unit of analysis, where tourism in the region is being examined within the context of the Middle East and the wider Islamic and Arab world, towards an enquiry focusing on a specific geo-political territory and socially defined region. Although international tourism development in the region embodies a range of challenges, complexities and conflicts, which are deeply contextualized in this volume, the approach overall does not endorse the normative ‘Gulf bashing’ position that has predominated within the critical enquiries in the region. It presents a forward-looking and realistic assessment of international tourism development, examining development potentialities and constructive ways forward for GCC states and the region as a whole. This edited volume provides a real attempt to examine critically ways in which tourism and its development intersect with the socio-cultural, economic, political, environmental and industrial change that is taking place in the region. By doing so, the book provides a theoretically engaged analysis of the social transformations and discourses that shape our contemporary understanding of tourism development within the GCC region. Moreover, it deciphers tourism development’s role within the context of the GCC states undergoing rapid transformation, urbanization, ultra-modernization, internationalization and globalization. In addition to state-specific illustrations and destination case studies, the work provides insights into relatable themes associated with international tourism development in the region, such as tourism’s relationship with religion, heritage and identity, the environment and sustainability, mobility and cross-border movements, the transport industry, image production and destination branding, mega-development and political stability and instability. The book combines theory with diverse case study illustrations, drawing on disciplinary knowledge from such fields as sociology, political economy and social geography. This timely and original contribution is essential reading for students, researchers and academics in the field of tourism studies and related subject areas, along with those who have regional interests in Middle East studies, including Gulf and Arabian Peninsula studies.
Author: Matthew Gray
Publisher:
ISBN: 9781788212106
Category : Persian Gulf Region
Languages : en
Pages : 272
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Book Description
Author: Ashraf Mishrif
Publisher: Springer
ISBN: 9811057834
Category : Political Science
Languages : en
Pages : 260
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Book Description
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.
Author: Rouhollah K. Ramazani
Publisher: University of Virginia Press
ISBN: 9780813911489
Category : Law
Languages : en
Pages : 264
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Book Description
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.
Author: Eman Ragab
Publisher: Routledge
ISBN: 1351330071
Category : Political Science
Languages : en
Pages : 211
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Book Description
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.
Author: Mohamed A. Ramady
Publisher: Springer Science & Business Media
ISBN: 1461416116
Category : Political Science
Languages : en
Pages : 360
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Book Description
The ‘Arab Spring’ of 2011 has affected the countries of the region to varying degrees, including the Gulf Cooperation Council (GCC) members, comprising Saudi Arabia, Kuwait, Qatar, the United Arab Emirates, Oman and Bahrain. The GCC has become a significant regional bloc playing a vital economic and political role far beyond its shores, given its geopolitical strategic location, a preponderance of global energy reserves and a major international player through the use of accumulated financial reserves. A new Gulf is rising, one that is more self assertive, looking to expand its membership to other Arab countries such as Jordan and Morocco, while at the same time strengthening the bloc’s relationship with current and emerging trading and strategic partners in Europe, USA and Asia. Regional and international realities, especially the uncertainties unleashed by the ‘Arab Spring’, are forcing Gulf leadership to initiate new policies involving closer cooperation amongst GCC countries to address emerging challenges. This volume brings together thirty renowned academics and specialists to examine a range of multifaceted social, political and economic issues facing the GCC in key areas such as: · Diversification from a high dependency on a narrow hydrocarbon base · Social transformation, youth employment and effective gender participation · Outward and inward foreign direct investment flows · Prospects for education reforms and e-learning. · Sustainable security in oil, renewable energy (including nuclear) and food · Corporate governance, transparency and enhancing the private sector's operating environment · The role and governance of Gulf Sovereign Wealth Funds in investing their surpluses. The volume also offers insights for challenges facing the GCC in monetary union, expanding the regional debt market and Sukuk issuance, GCC intellectual property rights application, detailed assessments of individual GCC country risk analysis, as well as the sustainability of long term government fiscal stimulus programs at the expense of private sector involvement.
Author: Jennifer E. Lansford
Publisher: Routledge
ISBN: 1000175928
Category : Education
Languages : en
Pages : 221
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Book Description
This timely volume explores the impact of dramatic social change that has disrupted established patterns of family life and human development in the countries of the Gulf Cooperation Council. It addresses several major deficits in knowledge regarding family issues in the Gulf countries, bringing a critical perspective to the emerging challenges facing families in this region. Lansford, Ben Brik, and Badahdah examine the role of urbanization, educational progress, emigration, globalization, and changes in the status of women on social change, as well as tackling issues related to marriage, fertility and parenthood, and family well-being. This book explores how family relationships and social policies can promote physical health, psychological well-being, social relationships, safety, cognitive development, and economic security in the Gulf countries, placing a unique emphasis on contemporary families in this region. Families and Social Change in the Gulf Region is essential reading for scholars from psychology, sociology, education, law, and public policy. It will also be of interest to graduate students in these disciplines.
Author: International Monetary Fund. Middle East and Central Asia Dept.
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 74
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Book Description
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.
