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The Gulf Cooperation Council

Author : Linda Low
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9814311405
Total Pages : 71 pages
Book Rating : 4.8/5 (143 download)

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Book Synopsis The Gulf Cooperation Council by : Linda Low

Download or read book The Gulf Cooperation Council written by Linda Low and published by Institute of Southeast Asian Studies. This book was released on 2011 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Integration in the GCC.

Author : Weltbank
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (125 download)

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Book Synopsis Economic Integration in the GCC. by : Weltbank

Download or read book Economic Integration in the GCC. written by Weltbank and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study discusses the status of economic integration of the six Gulf Cooperation Council (GCC) countries among themselves, with the larger Middle East and North Africa (MENA) region and globally. It also assesses the main challenges to further integration. The GCC is the most advanced example of sub regional integration in the MENA region, and its objectives are among the most ambitious in the developing world. It has evolved well beyond a focus on free trade in goods to embrace high levels of cross-national labor and capital mobility, and the progressive opening of many sectors within each economy to all member states. The GCC has made good progress on regional integration since its establishment in 1981. Integration efforts have gained considerable momentum following the ratification of the Unified economic agreement in 2001, the signing of the customs union agreement in 2003, and the adoption of the common market agreement in 2008. Under the customs union agreement, member countries have eliminated intraregional tariffs, unified external tariffs, and eased trade restrictions, bringing about a notable increase in the value of goods traded among member states.

Economic Integration in the GCC

Author : World Bank
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (112 download)

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Book Synopsis Economic Integration in the GCC by : World Bank

Download or read book Economic Integration in the GCC written by World Bank and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study discusses the status of economic integration of the six Gulf Cooperation Council (GCC) countries among themselves, with the larger Middle East and North Africa (MENA) region and globally. It also assesses the main challenges to further integration. The GCC is the most advanced example of sub regional integration in the MENA region, and its objectives are among the most ambitious in the developing world. It has evolved well beyond a focus on free trade in goods to embrace high levels of cross-national labor and capital mobility, and the progressive opening of many sectors within each economy to all member states. The GCC has made good progress on regional integration since its establishment in 1981. Integration efforts have gained considerable momentum following the ratification of the Unified economic agreement in 2001, the signing of the customs union agreement in 2003, and the adoption of the common market agreement in 2008. Under the customs union agreement, member countries have eliminated intraregional tariffs, unified external tariffs, and eased trade restrictions, bringing about a notable increase in the value of goods traded among member states.

Regional Economic Integration in the Middle East and North Africa

Author : Mustapha Rouis
Publisher : World Bank Publications
ISBN 13 : 082139729X
Total Pages : 209 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Regional Economic Integration in the Middle East and North Africa by : Mustapha Rouis

Download or read book Regional Economic Integration in the Middle East and North Africa written by Mustapha Rouis and published by World Bank Publications. This book was released on 2012-12-11 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book summarizes the constraints to and opportunities for deepening economic integration within the MENA region and beyond. Trade and investment reform are discussed together with physical connectivity, cross-border trade facilitation, infrastructure networks, and the vital role of logistics.

Multilateral Vs. Regional Economic Integration? - The Middle East and North African Region

Author : Benjamin Hätinger
Publisher : GRIN Verlag
ISBN 13 : 3640695062
Total Pages : 125 pages
Book Rating : 4.6/5 (46 download)

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Book Synopsis Multilateral Vs. Regional Economic Integration? - The Middle East and North African Region by : Benjamin Hätinger

Download or read book Multilateral Vs. Regional Economic Integration? - The Middle East and North African Region written by Benjamin Hätinger and published by GRIN Verlag. This book was released on 2010-09 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diploma Thesis from the year 2009 in the subject Business economics - Economic Policy, grade: 2,3, University of Hohenheim, language: English, abstract: In this study it is intended to investigate today ́s actual economic interdependence of what we would call the Middle East and North African (MENA) region and to analyze its economic interweaving, both among its member countries and into the global trading system. Being aware of the complexity and breadth of this topic, the author has chosen only three subset economic integration agreements, both between the countries of the MENA region (intraregional) - also comprising a subregional agreement - and between the MENA region and other regions (interregional), for closer analysis. Concerning the efforts made towards interregional economic integration, this thesis concentrates mainly on the so-called EU-MED Partnership which was initiated at the Barcelona Conference in 1995 and aims to establish an EU-Med Free Trade Area (EMFTA) by the year 2010 including the EU and the 12 so-called Mediterranean countries which, apart from Malta, Cyprus and Turkey, all belong to the MENA region. In contrast, on the intraregional level, the latest initiative in 1997 will be examined, where 17 out of 22 Arab League member states - all of which also belong to the MENA region apart from Sudan - joined to constitute a "Greater Arab Free Trade Area" (GAFTA, mainly to get rid of traditional trade barriers for goods. On the smaller subregional level, the Gulf Cooperation Council (GCC), consisting of 6 Gulf countries, which plans the establishment of a common currency by 2010, will be examined more closely. With GAFTA, GCC and the EU-MED Partnership all being in a different depth of integration and each representing one of the three different levels of integration (subregional, intraregional, interregional), the author holds the view that this choice reflects the actual state of integration in the region best. In a nutshell, this study tests the

The Outlook for Arab Gulf Cooperation

Author : Jeffrey Martini
Publisher : Rand Corporation
ISBN 13 : 0833093088
Total Pages : 101 pages
Book Rating : 4.8/5 (33 download)

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Book Synopsis The Outlook for Arab Gulf Cooperation by : Jeffrey Martini

Download or read book The Outlook for Arab Gulf Cooperation written by Jeffrey Martini and published by Rand Corporation. This book was released on 2016-07-20 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines what binds and divides the six Gulf Cooperation Council (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. The study aims to help policymakers better understand intra-GCC dynamics and prepare for future trends in a region with high stakes for U.S. strategic interests.

Middle East Dilemma

Author : Michael C. Hudson
Publisher : Columbia University Press
ISBN 13 : 9780231111393
Total Pages : 360 pages
Book Rating : 4.1/5 (113 download)

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Book Synopsis Middle East Dilemma by : Michael C. Hudson

Download or read book Middle East Dilemma written by Michael C. Hudson and published by Columbia University Press. This book was released on 1999 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the unification of North and South Yemen, to the struggle for Mahgreb unity, and the experiences of the six-member Gulf Cooperation Council, this book presents a complex portrait of the history and prospects for Arab integration.

From Political to Economic Awakening in the Arab World

Author : Jean-Pierre Chauffour
Publisher : World Bank Publications
ISBN 13 : 0821396706
Total Pages : 343 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis From Political to Economic Awakening in the Arab World by : Jean-Pierre Chauffour

Download or read book From Political to Economic Awakening in the Arab World written by Jean-Pierre Chauffour and published by World Bank Publications. This book was released on 2012-12-05 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The popular grievances that have fueled the Arab Spring since 2010 demonstrate that past development paradigms have failed to achieve the inclusive and sustainable growth expected by Arab populations. Countries in the Middle East and North Africa (MENA) region have failed to develop a strong private sector that is linked with global markets, survives without state assistance, and generates productive employment for young people. One key symptom of this maldevelopment is that, with the exception of the petroleum sector, MENA remains the least trade-integrated region in the world. The Deauville Partnership, launched by the Group of Eight (G8) in Deauville, France, in May 2011, is thus strategic and timely. At the request of the G8, this report provides an analytical framework for increasing trade and foreign direct investment (FDI) for Egypt, Jordan, Libya, Morocco, and Tunisia (the Partnership countries ). Increased trade and FDI is a key means by which Partnership countries can achieve a path of sustainable growth that reduces youth unemployment. Moreover, trade and investment can also show short-term results. The G8 countries, Turkey, the Gulf states, and other Deauville partners can help the new Arab democracies achieve their objectives in two main ways: by effectively expanding market opportunities and by supporting domestic regulatory reforms. To start implementing a long-term vision of increased trade and investment integration, based on an integrated economic space in the Mediterranean basin, the Deauville Partnership could focus on five priority areas. These are helping Partnership countries adapt to a fast-changing trade, FDI, and jobs landscape; improving market access opportunities and market regulations; fostering competitiveness, diversification, and employment; facilitating trade and mobilizing trade finance and diaspora resources; and promoting inclusiveness, equity, and sustainability of the structural transformation brought about by the process of integration. The success of the Arab political awakening will greatly depend on the emergence of such an economic awakening that can generate quality employment for the millions of young Arab men and women who seek jobs and a decent life.

Economic Integration Among the GCC Members

Author : Montaha Ahmad Abboud
Publisher :
ISBN 13 :
Total Pages : 196 pages
Book Rating : 4.:/5 (788 download)

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Book Synopsis Economic Integration Among the GCC Members by : Montaha Ahmad Abboud

Download or read book Economic Integration Among the GCC Members written by Montaha Ahmad Abboud and published by . This book was released on 2009 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the main goal of enhancing political and economic integration, the Gulf Co operation Council (GCC) was established in 1981 to include its six members Bahra in, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. Several steps ha ve been taken to increase the degree of economic integration among its members, the last of which was the GCC Monetary Union which is planned to be set up by Ja nuary 2010. The main goal of this project is to introduce the GCC and test whether its membe rs are ready to enter its monetary union by the set deadline in 2010 by checking the level of macroeconomic policy convergence among its members. After introduc ing the Gulf Cooperation Council and discussing some of its achievements and agr eements in Chapter I, this project then introduces the GCC Monetary Union, its r ecent developments, its advantages and disadvantages and several other relevant points such as the applicability of the GCC as an OCA, and the choice of a peg f or the union's common currency in Chapter II. Following the previous introductions, the project then moves to the empirical pa rt of its work in Chapter IV. It is divided into two main parts; normal panel re gressions and forecasted panel regressions. After the literature review, the pre sentation of the variables, and the coverage of the several tests required to pe rform a fixed effect panel regression, the relevant long run equilibrium and sho rt run error correction models are conducted. The second part of the empirical w ork then goes on to forecast, using Box-Jenkins methodology, the rest of the dat a till the year 2010 to test whether GCC members are likely to achieve a higher level of macroeconomic policy convergence or not. The empirical work then conclu des that GCC member have only achieved partway convergence till now but are on t he right path as forecasts reveal an increase in the degree of convergence by th e year 2010. Finally, Chapter V concludes by a small discussion of the financial crisis and some of the relevant actions taken by the GCC members. This chapter then conclud es that despite all efforts to enhance economic integration among GCC members, t he establishment of a monetary union by 2010 is more a matter of economic will t han any economic efforts.

Regional Financial Integration in the GCC

Author : Mr.Raphael A. Espinoza
Publisher : International Monetary Fund
ISBN 13 : 1451982585
Total Pages : 35 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Regional Financial Integration in the GCC by : Mr.Raphael A. Espinoza

Download or read book Regional Financial Integration in the GCC written by Mr.Raphael A. Espinoza and published by International Monetary Fund. This book was released on 2010-04-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the extent of regional financial integration in the member countries of the Gulf Cooperation Council. The limited volume data available suggests that regional integration is non-negligible. Bahrain and Kuwait investments especially are oriented towards the region. The development of stock markets in the region will also improve the extent of financial integration. Interest rate data shows that convergence exists and that interest rate differentials are relatively short-lived-especially compared to the ECCU, another emerging market region sharing a common currency. Equities data using cross-listed stocks confirms that stock markets are fairly integrated compared to other emerging market regions, although financial integration is hampered by market illiquidity.

The Gulf Cooperation Council

Author : John A. Sandwick
Publisher : Routledge
ISBN 13 : 1000302083
Total Pages : 241 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis The Gulf Cooperation Council by : John A. Sandwick

Download or read book The Gulf Cooperation Council written by John A. Sandwick and published by Routledge. This book was released on 2019-06-26 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Challenges of Economic Integration and Currency Unification by the GCC Countries

Author : Mubārak ibn Bakr Dawsarī
Publisher :
ISBN 13 : 9786030115242
Total Pages : 71 pages
Book Rating : 4.1/5 (152 download)

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Book Synopsis The Challenges of Economic Integration and Currency Unification by the GCC Countries by : Mubārak ibn Bakr Dawsarī

Download or read book The Challenges of Economic Integration and Currency Unification by the GCC Countries written by Mubārak ibn Bakr Dawsarī and published by . This book was released on 2013 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Gulf Cooperation Council Project

Author : Kambiz Zare
Publisher : Editions L'Harmattan
ISBN 13 : 2140109511
Total Pages : 256 pages
Book Rating : 4.1/5 (41 download)

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Book Synopsis The Gulf Cooperation Council Project by : Kambiz Zare

Download or read book The Gulf Cooperation Council Project written by Kambiz Zare and published by Editions L'Harmattan. This book was released on 2019-01-04 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, the economist Kambiz Zare throws new light on one of the most discussed international economic integration projects of our time - that of the Gulf Cooperation Council. To explain why its success has been uneven, the author examines the feasibility of the GCC project from today's perspective, contrasting the evolving economic and financial circumstances in the six countries with the conditions that are necessary for regional integration to be achieved. By focusing on the GCC's first 35 years, from 1981 to 2016, the book offers a firm groundwork for understanding the ongoing dynamics of the GCC region.

On a Common Currency for the GCC Countries

Author : Mr.Esteban Jadresic
Publisher : International Monetary Fund
ISBN 13 : 1451969481
Total Pages : 27 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis On a Common Currency for the GCC Countries by : Mr.Esteban Jadresic

Download or read book On a Common Currency for the GCC Countries written by Mr.Esteban Jadresic and published by International Monetary Fund. This book was released on 2002-12-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the eventual replacement of the currencies of the GCC countries with a common currency. It concludes that a properly implemented currency union may contribute to enhance economic efficiency in the region, deepen regional integration, and develop its non-oil economy. However, it cautions that a currency union should be seen as only one component of a much broader integration effort. This should include the removal of the distortions that inhibit intraregional trade and investment, agreements on policy frameworks to ensure macroeconomic stability, and further political integration. The paper also addresses the choice of exchange rate arrangement for the unified currency.

An Assessment of the GCC Economic Integration Effort

Author :
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (552 download)

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Book Synopsis An Assessment of the GCC Economic Integration Effort by :

Download or read book An Assessment of the GCC Economic Integration Effort written by and published by . This book was released on 2009 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The GCC and the International Relations of the Gulf

Author : Matteo Legrenzi
Publisher : Bloomsbury Publishing
ISBN 13 : 0857720244
Total Pages : 218 pages
Book Rating : 4.8/5 (577 download)

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Book Synopsis The GCC and the International Relations of the Gulf by : Matteo Legrenzi

Download or read book The GCC and the International Relations of the Gulf written by Matteo Legrenzi and published by Bloomsbury Publishing. This book was released on 2015-07-31 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Gulf Cooperation Council (GCC), made up of Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates (UAE), is one of the most resilient sub-regional organizations in the world, and the most successful in the Arab world. it has been the forum through which much security cooperation in this volatile sub-region has taken place, as well as the main representative for the UAE's territorial dispute with Iran over the Abu Musa and tunbs islands. the organization aims to enhance defence cooperation between its member states. it also has significant potential to foster economic integration and to present an alternative form of leverage over the international oil markets. Very little is known however about how the organization really works: how decisions are actually taken, as opposed to how this process is formally articulated in its charter, and what the GCC's real impact on member states, the gulf and international relations is.Drawing on cutting-edge ir theoretical perspectives as well as unique firsthand access to GCC decision-makers, Matteo Legrenzi explains the mechanisms of Gulf cooperation - and its limitations - in the context of economic globalization, diplomatic regionalization and the rise of Iran. Combining historical context, primary source investigations and theoretical analysis, this is a comprehensive guide to the GCC and an indispensable resource for anyone concerned with the Gulf and the Middle East.

Economic Integration in MENA

Author : Shamshad Akhtar
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Economic Integration in MENA by : Shamshad Akhtar

Download or read book Economic Integration in MENA written by Shamshad Akhtar and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Though the Middle East and North Africa (MENA) region has weathered the recent global financial and economic crisis relatively well, it still faces daunting medium-term challenges. These include high unemployment (especially among young people), vulnerability to oil and food price shocks and water scarcity and inefficiencies of public sectors. Integration of the region into the global economy has been slow. Of particular concern is the stagnation in the region's share of global non-oil exports, an indication of missed opportunities for diversification and growth. Integration within the region, while rising, is also on the low side when compared with other middle- and high-income regional blocs. To start off the removal of intraregional tariffs under the Pan-Arab Free Trade Area (PAFTA) and the adoption of low common tariffs by the Gulf Cooperation Council (GCC) which coupled with improvements in infrastructure, especially roads and telecommunications is generating benefits. But much remains to be done, especially in reducing nontariff barriers to trade, harmonizing policies and procedures, and facilitating cross-border trade through development of infrastructure links and trade facilitation. Fortunately, trade in services has recently emerged on the agenda of national and regional authorities; this is an area of substantial potential welfare gain for the region.