The Challenges of Economic Integration and Currency Unification by the GCC Countries PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Challenges of Economic Integration and Currency Unification by the GCC Countries PDF full book. Access full book title The Challenges of Economic Integration and Currency Unification by the GCC Countries by Mubārak ibn Bakr Dawsarī. Download full books in PDF and EPUB format.
Author: Mubārak ibn Bakr Dawsarī
Publisher:
ISBN: 9786030115242
Category : Arabian Peninsula
Languages : en
Pages : 71
Get Book Here
Book Description
Author: Mubārak ibn Bakr Dawsarī
Publisher:
ISBN: 9786030115242
Category : Arabian Peninsula
Languages : en
Pages : 71
Get Book Here
Book Description
Author: Mr.Ugo Fasano-Filho
Publisher: International Monetary Fund
ISBN: 9781589062191
Category : Business & Economics
Languages : en
Pages : 80
Get Book Here
Book Description
The six member countries of the Gulf Cooperation Council (GCC)--Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates--have made important progress toward economic and financial integration, with the aim of establishing an economic and monetary union. This paper provides a detailed analysis of the economic performance and policies of the GCC countries during 1990-2002. Drawing on the lessons from the experience of selected currency and monetary unions in Africa, Europe, and the Caribbean, it assesses the potential costs and benefits of a common currency for GCC countries and also reviews the options for implementing a monetary union among these countries.
Author: Mr.Tim Callen
Publisher: International Monetary Fund
ISBN: 1498303234
Category : Business & Economics
Languages : en
Pages : 32
Get Book Here
Book Description
Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be needed in the future when oil revenues start to dwindle. The GCC countries have followed many of the standard policies that are usually thought to promote more diversified economies, including reforms to improve the business climate, the development of domestic infrastructure, financial deepening, and improvements in education. Nevertheless, success to date has been limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the economies—fixing these incentives is the “missing link” in the GCC countries’ diversification strategies. At present, producing non-tradables is less risky and more profitable for firms as they can benefit from the easy availability of low-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public sector jobs discourages nationals from pursuing entrepreneurship and private sector employment. Measures to begin to address these incentive issues could include limiting and reorienting government spending, strengthening private sector competition, providing guarantees and financial support for those firms engaged in export activity, and implementing labor market reforms to make nationals more competitive for private sector employment.
Author: Ms.Catherine McAuliffe
Publisher: International Monetary Fund
ISBN: 1475586310
Category : Business & Economics
Languages : en
Pages : 55
Get Book Here
Book Description
The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out.
Author: National Intelligence Council
Publisher: Cosimo Reports
ISBN: 9781646794973
Category :
Languages : en
Pages : 158
Get Book Here
Book Description
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Author:
Publisher: Transaction Publishers
ISBN: 9781560000570
Category : History
Languages : en
Pages : 240
Get Book Here
Book Description
Over the past four decades the Arab nations have exercised an enormous political and economic influence on world events. Much of that impact has been exerted not through the direct actions of individual governments but collectively or indirectly through pan-Arab organizations, economic associations such as OPEC, or through international agencies including the United Nations and the International Monetary Fund. "Arab Regional Organizations "is a fully annotated bibliographic guide to the functions, infrastructures, and effectiveness of Arab organizational activity. The organizations covered in this volume have grown in importance in lockstep with developments in the Middle East. This is particularly so in the areas of economics and energy where there has been the establishment of national control over the oil industry and a consequent economic boom. Institutions such as the Gulf Cooperation Council have also become vital to the continued politcal stability of the member states and to the strategic importance of the region as illustrated by the Iran-Iraq war and the Persian Gulf War. The book also takes note of the special economic importance of organizations such as the Kuwait, Saudi, and Abu Dhabi Funds. These perform a major role among developing nations because of their project aid and technical assistance programs. "Arab Regional Organizations "covers a variety of subjects but concentrates on economics, energy, politics, and development subjects. A lengthy introductory section is designed to provide readers with the background of each organization and to direct them to other sources of information. A supplementary section deals with the effects of the Iraqi invasion of Kuwait and the Gulf War. Researchers, librarians, economists, political scientists, and Middle East specialists will find this volume an invaluable guide to the literature of the region.
Author: Sultan Hafeez Rahman
Publisher: Edward Elgar Publishing
ISBN: 1781005249
Category : Business & Economics
Languages : en
Pages : 425
Get Book Here
Book Description
South Asian leaders have made it a priority to tackle key regional issues such as poverty, environment degradation, trade and investment barriers and food insecurity, among others.
Author: Asian Development Bank
Publisher:
ISBN: 9789292613549
Category : Business & Economics
Languages : en
Pages : 210
Get Book Here
Book Description
This report documents Asia's progress in regional cooperation and integration. This publication documents Asia's progress in regional cooperation and integration. It covers the 48 regional members of the Asian Development Bank and analyzes regional as well as global economic linkages. The 2018 report's special chapter Toward Optimal Provision of Regional Public Goods in Asia and the Pacific examines how collective action among countries can help find solutions to growing transnational development challenges. The special chapter also discusses how to best provide regional public goods that transcend the so-called collective action problem which occurs when individual interests are too weak on their own to drive cooperation on common issues.
Author: Huwart Jean-Yves
Publisher: OECD Publishing
ISBN: 9264111905
Category :
Languages : en
Pages : 157
Get Book Here
Book Description
This publication reviews the major turning points in the history of economic integration, and in particular the pace at which it has accelerated since the 1990s. It also considers its impact in four crucial areas, namely employment, development, the environment and financial stability.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 84
Get Book Here
Book Description
