The Future Of Oil And Fiscal Sustainability In The Gcc Region

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The Future of Oil and Fiscal Sustainability in the GCC Region

Author : Mr.Tokhir N Mirzoev
Publisher : International Monetary Fund
ISBN 13 : 1513525905
Total Pages : 55 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Future of Oil and Fiscal Sustainability in the GCC Region by : Mr.Tokhir N Mirzoev

Download or read book The Future of Oil and Fiscal Sustainability in the GCC Region written by Mr.Tokhir N Mirzoev and published by International Monetary Fund. This book was released on 2020-02-06 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.

When Can Oil Economies Be Deemed Sustainable?

Author : Giacomo Luciani
Publisher : Springer Nature
ISBN 13 : 9811557284
Total Pages : 365 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis When Can Oil Economies Be Deemed Sustainable? by : Giacomo Luciani

Download or read book When Can Oil Economies Be Deemed Sustainable? written by Giacomo Luciani and published by Springer Nature. This book was released on 2020-09-30 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book questions the stereotype depicting all Gulf (GCC) economies as not sustainable, and starts a critical discussion of what these economies and polities should do to guarantee themselves a relatively stable future. Volatile international oil markets and the acceleration of the energy transition has challenged the notion that oil revenues are sufficient to sustain oil economies in the near to medium term. But what is the meaning of economic sustainability? The book discusses the multiple dimensions of the concept: economic diversification, continuing value of resources, taxation and fiscal development, labor market sustainability, sustainable income distribution, environmental sustainability, political order (democracy or authoritarianism) and sustainability, regional integration. The overarching message in this book is that we should move on from the simplistic branding of the Gulf economies as unsustainable and tackle the details of which adaptations they might need to undertake.

Stress Testing at the IMF

Author : Mr.Tobias Adrian
Publisher : International Monetary Fund
ISBN 13 : 1513520741
Total Pages : 73 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Stress Testing at the IMF by : Mr.Tobias Adrian

Download or read book Stress Testing at the IMF written by Mr.Tobias Adrian and published by International Monetary Fund. This book was released on 2020-02-05 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explains specifics of stress testing at the IMF. After a brief section on the evolution of stress tests at the IMF, the paper presents the key steps of an IMF staff stress test. They are followed by a discussion on how IMF staff uses stress tests results for policy advice. The paper concludes by identifying remaining challenges to make stress tests more useful for the monitoring of financial stability and an overview of IMF staff work program in that direction. Stress tests help assess the resilience of financial systems in IMF member countries and underpin policy advice to preserve or restore financial stability. This assessment and advice are mainly provided through the Financial Sector Assessment Program (FSAP). IMF staff also provide technical assistance in stress testing to many its member countries. An IMF macroprudential stress test is a methodology to assess financial vulnerabilities that can trigger systemic risk and the need of systemwide mitigating measures. The definition of systemic risk as used by the IMF is relevant to understanding the role of its stress tests as tools for financial surveillance and the IMF’s current work program. IMF stress tests primarily apply to depository intermediaries, and, systemically important banks.

The GCC Economies

Author : Mohamed A. Ramady
Publisher : Springer Science & Business Media
ISBN 13 : 1461416116
Total Pages : 360 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis The GCC Economies by : Mohamed A. Ramady

Download or read book The GCC Economies written by Mohamed A. Ramady and published by Springer Science & Business Media. This book was released on 2012-04-23 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Future of Economic Development in the Gulf Cooperation Council States

Author : Weshah Razzak
Publisher : Taylor & Francis
ISBN 13 : 100061851X
Total Pages : 181 pages
Book Rating : 4.0/5 (6 download)

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Book Synopsis The Future of Economic Development in the Gulf Cooperation Council States by : Weshah Razzak

Download or read book The Future of Economic Development in the Gulf Cooperation Council States written by Weshah Razzak and published by Taylor & Francis. This book was released on 2022-07-22 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Gulf Cooperation Council (GCC) countries own 30 percent of the world’s proven oil reserves and largely depend on oil for their income. Yet the GCC faces serious challenges. The global demand for oil is expected to continue declining, and the average long-run oil price could become lower than its historical average in the future. This book is a research-based, structural macroeconomic analysis, providing evidence-based and future-facing policy recommendations for GCC governments. First, it analyzes historical data to explain the macroeconomic performance and economic policies of the GCC countries from 1970 to 2019. Then it presents ten-year dynamic stochastic projections from 2020 to 2030. The book examines debt sustainability and optimal fiscal policies – i.e., government spending and taxation. It also analyses structural issues, such as savings and productivity, from an institutional perspective, taking into account education, the labor market, and pension funds, as well as other factors that have a close effect on economic performance. The book is comprehensive and thorough, it relies on extensive econometric analyses, including rigorous time series analysis. The author uses both calibration of theoretical models and estimation, facilitating projections for the next decade of key economic variables under different policy scenarios. The book also assesses what the future of the GCC economies will look like if climate change and the COVID-19 pandemic continue to adversely affect oil supply and demand and the price of oil, given their current policies and institutions. As well as scholars and researchers of economics and finance, the book will engage policymakers in central banks, treasury departments, planning councils, research institutes, and think tanks.

Fiscal Policy Sustainability in Oil-Producing Countries

Author : Mrs.Claire Liuksila
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Fiscal Policy Sustainability in Oil-Producing Countries by : Mrs.Claire Liuksila

Download or read book Fiscal Policy Sustainability in Oil-Producing Countries written by Mrs.Claire Liuksila and published by International Monetary Fund. This book was released on 1994-11 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing the sustainability of a given fiscal policy is especially important for countries that depend on income from exhaustible resources. Political and growth pressures may push governments to raise expenditure when revenue from exhaustible resources rises, but cutting outlays when price swings reduce income is often difficult. Traditional fiscal accounting may give a misleading view of policy sustainability. This paper argues that for countries in which a significant proportion of government revenue is derived from the exploitation of an exhaustible natural resource, fiscal policy sustainability can best be assessed within a permanent income framework that takes into account total government wealth, including the imputed wealth from reserves of natural resources. Using this framework, the paper takes a sample of six countries where government revenue from petroleum extraction is significant and draws conclusions about the sustainability of their fiscal policies during 1980-92.

Gulf Cooperation Council

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1498346197
Total Pages : 28 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Gulf Cooperation Council by : International Monetary Fund

Download or read book Gulf Cooperation Council written by International Monetary Fund and published by International Monetary Fund. This book was released on 2017-12-14 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global economic activity is gaining momentum. Global growth is forecast at 3.6 percent this year, and 3.7 percent in 2018, compared to 3.2 percent in 2016. Risks around this forecast are broadly balanced in the near term, but are skewed to the downside over the medium term. The more positive global growth environment should support somewhat stronger oil demand. With inflation in advanced countries remaining subdued, monetary policy is expected to remain accommodative. GCC countries are continuing to adjust to lower oil prices. Substantial fiscal consolidation has taken place in most countries, mainly focused on expenditure reduction. This is necessary, but it has weakened non-oil growth. With the pace of fiscal consolidation set to slow, non-oil growth is expected to increase to 2.6 percent this year, from 1.8 percent last year. However, because of lower oil output, overall real GDP growth is projected to slow to 0.5 percent in 2017 from 2.2 percent in 2016. Growth prospects in the medium-term remain subdued amid relatively low oil prices and geopolitical risks. Policymakers have made a strong start in adjusting fiscal policy. While the needed pace of fiscal adjustment varies across countries depending on the fiscal space available, in general countries should continue to focus on recurrent expenditure rationalization, further energy price reforms, increased non-oil revenues, and improved efficiency of capital spending. Fiscal consolidation should be accompanied by a further improvement in fiscal frameworks and institutions. The direction of fiscal policy in the GCC is broadly consistent with these recommendations. Policies should continue to be geared toward managing evolving liquidity situations in the banking system and supporting the private sector’s access to funding. While countries have made progress in enhancing their financial policy frameworks, strengthening liquidity forecasting and developing liquidity management instruments will help banks adjust to a tighter liquidity environment. Banks generally remain profitable, well capitalized, and liquid, but with growth expected to remain relatively weak, the monitoring of financial sector vulnerabilities should continue to be enhanced. Diversification and private sector development will be needed to offset lower government spending and ensure stronger, sustainable, and inclusive growth. This will require stepped-up reforms to improve the business climate and reduce the role of the public sector in the economy through privatization and PPPs. Reforms are needed to increase the incentives for nationals to work in the private sector and for private sector firms to hire them. Increasing female participation in the labor market and employment would benefit productivity and growth across the region. Where fiscal space is available, fiscal policy can be used to support the structural reforms needed to boost private sector growth and employment.

The GCC Economies

Author : Mohamed A. Ramady
Publisher : Springer
ISBN 13 : 9781461416128
Total Pages : 324 pages
Book Rating : 4.4/5 (161 download)

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Book Synopsis The GCC Economies by : Mohamed A. Ramady

Download or read book The GCC Economies written by Mohamed A. Ramady and published by Springer. This book was released on 2012-04-26 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Economic Prospects and Policy Challenges for the GCC Countries - 2021

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1616354879
Total Pages : 39 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Economic Prospects and Policy Challenges for the GCC Countries - 2021 by : International Monetary Fund

Download or read book Economic Prospects and Policy Challenges for the GCC Countries - 2021 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-12-15 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: GCC policymakers moved quickly to mitigate the health and economic impacts of twin COVID-19 and oil price shocks. Infection rates have declined across the GCC to well below previous peaks, though countries have experienced successive waves of the virus, and economic recoveries have begun to take hold. Nevertheless, GCC policymakers must navigate a challenging and uncertain landscape. The pandemic continues to cloud the global outlook as countries are in different phases of recovery, with varied growth prospects and policy space

The Gulf Cooperation Council at Forty

Author : Tarik M. Yousef
Publisher : Brookings Institution Press
ISBN 13 : 0815739540
Total Pages : 312 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis The Gulf Cooperation Council at Forty by : Tarik M. Yousef

Download or read book The Gulf Cooperation Council at Forty written by Tarik M. Yousef and published by Brookings Institution Press. This book was released on 2022-12-01 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assessing the six GCC countries as they face an uncertain future 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 policy-oriented book of essays by noted scholars and experts considers the key trends shaping Gulf Cooperation Council (GCC) countries, 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.

Learning to Live with Cheaper Oil

Author : Mr.Martin Sommer
Publisher : International Monetary Fund
ISBN 13 : 1513520482
Total Pages : 52 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Learning to Live with Cheaper Oil by : Mr.Martin Sommer

Download or read book Learning to Live with Cheaper Oil written by Mr.Martin Sommer and published by International Monetary Fund. This book was released on 2016-06-08 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the challenges posed by low oil prices in the MENA and CCA regions, the adjustment policies adopted so far, and remaining adjustment needs and future risks.

Economic Diversification in the GCC

Author : Mr.Tim Callen
Publisher : International Monetary Fund
ISBN 13 : 1498303234
Total Pages : 32 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Economic Diversification in the GCC by : Mr.Tim Callen

Download or read book Economic Diversification in the GCC written by Mr.Tim Callen and published by International Monetary Fund. This book was released on 2014-12-23 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Rethinking Fiscal Policy in Oil-Exporting Countries

Author : Mr.Tokhir N Mirzoev
Publisher : International Monetary Fund
ISBN 13 : 1498314740
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Rethinking Fiscal Policy in Oil-Exporting Countries by : Mr.Tokhir N Mirzoev

Download or read book Rethinking Fiscal Policy in Oil-Exporting Countries written by Mr.Tokhir N Mirzoev and published by International Monetary Fund. This book was released on 2019-05-17 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the existing fiscal policy paradigm in commodity-exporting countries. First, we argue that its centerpiece—the permanent income hypothesis (PIH)—is not consistent with either intergenerational equity or long-term sustainability in the presence of uncertainty. Policies to achieve these goals need to be more prudent and better anchored than the PIH. Second, we point out the presence of a volatility tradeoff between government spending and wealth and re-assess long-held views on the appropriate fiscal anchors, the vice of procyclicality, and the (im)possibility of simultaneously smoothing consumption and ensuring intergenerational equity and sustainability. Finally, we propose what we call a prudent wealth stabilization policy that would be more consistent with long-term fiscal policy goals, yet relatively simple to implement and communicate.

GCC Hydrocarbon Economies and COVID

Author : Nikolay Kozhanov
Publisher : Springer Nature
ISBN 13 : 9811954623
Total Pages : 330 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis GCC Hydrocarbon Economies and COVID by : Nikolay Kozhanov

Download or read book GCC Hydrocarbon Economies and COVID written by Nikolay Kozhanov and published by Springer Nature. This book was released on 2023-01-21 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book considers the impact of COVID-19 on the GCC member states through the prism of challenges faced by their hydrocarbon sector. Yet, the publication’s discourse is not solely focused on the problems experienced by the oil and gas industries of the GCC member states after the beginning of the COVID pandemic. Instead, the contributors will analyze how these challenges and subsequent response to them affected other aspects of the GCC socio-economic and political development, from direct impact of the COVID on the energy sector of the GCC to socio-economic consequences of the oil market crisis for the region and its potential fallouts for the international relations of the Gulf.

Government and Politics of the Contemporary Middle East

Author : Tareq Y. Ismael
Publisher : Taylor & Francis
ISBN 13 : 1000919307
Total Pages : 640 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Government and Politics of the Contemporary Middle East by : Tareq Y. Ismael

Download or read book Government and Politics of the Contemporary Middle East written by Tareq Y. Ismael and published by Taylor & Francis. This book was released on 2023-09-18 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt: This exciting new edition of the successful textbook for students of Middle Eastern politics provides a highly relevant and comprehensive introduction to the complexities of a region in constant flux. Combining a thematic framework for examining patterns of politics with individual chapters dedicated to specific countries, the book places the very latest developments and long-standing issues within an historical context. This third edition extends its analysis to post-2015 developments in the region, as well as expanding the range of pedagogical features on offer. Presenting information in an accessible and inclusive format, the book offers: Coverage of the historical influence of colonialism and major world powers on the shaping of the modern Middle East A detailed examination of the legacy of Islam Analysis of the political and social aspects of Middle Eastern life, including alienation between the state and society, poverty and social inequality, and ideological crisis and renewal Case studies on countries in the Fertile Crescent (Iraq, Syria and Lebanon, and Israel/Palestine); the Northern Belt (Turkey and Iran); and those West and East of the Red Sea (Egypt and the members of the Gulf Cooperation Council) A key introductory text for students of Middle Eastern politics and history at advanced undergraduate and postgraduate levels, this new edition has been extensively updated to also become a timely and significant reference for policy-makers and any motivated reader.

Security Politics in the Gulf Monarchies

Author : David B. Roberts
Publisher : Columbia University Press
ISBN 13 : 0231555911
Total Pages : 483 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Security Politics in the Gulf Monarchies by : David B. Roberts

Download or read book Security Politics in the Gulf Monarchies written by David B. Roberts and published by Columbia University Press. This book was released on 2023-04-18 with total page 483 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Gulf monarchies—Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, and the United Arab Emirates—play crucial roles in world markets and politics. Their economies, which have traditionally been driven by oil revenues, have simultaneously propelled transformative change and preserved the traditional order. Fossil fuel wealth has underwritten an implicit social contract characterized by generous welfare states, ruler-centric politics, and a heavy state presence in the economy, facilitating stability during tumultuous times. However, as the transition toward renewable energy looms, will the Gulf monarchies be able to adapt? David B. Roberts offers a definitive guide to continuity and change in the Gulf region. He explores the forces challenging and bolstering the status quo across the political, social, economic, military, and environmental dimensions of security. Roberts examines the six monarchies individually and holistically, considering their recent histories and contemporary concerns. Beneath wide-ranging changes affecting these countries, he pinpoints key dynamics and structures that have persisted over the long term. The book examines key topics such as generational change in leadership, migrant workers, female labor force participation, U.S. military influence, and the multifaceted threat of climate change. Roberts scrutinizes how a move away from the oil-centered economic model could reverberate across the social spectrum, with profound implications for security. Suitable for a range of courses and offering important new insights for experts, this book is an accessible and up-to-date overview of the politics of a key world region.

What Next for Britain in the Middle East?

Author : Michael Stephens
Publisher : Bloomsbury Publishing
ISBN 13 : 0755617185
Total Pages : 273 pages
Book Rating : 4.7/5 (556 download)

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Book Synopsis What Next for Britain in the Middle East? by : Michael Stephens

Download or read book What Next for Britain in the Middle East? written by Michael Stephens and published by Bloomsbury Publishing. This book was released on 2021-08-26 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the UK enters a period of intense public introspection in the wake of Brexit, this book takes on one of the key questions emerging from the divisive process: what is Britain's place in the world? The Middle East is one of the regions the UK has been most engaged in historically. This book assesses the drivers of foreign policy successes and failures and asks if there is a way to revitalise British influence in the region, and if this is even desirable. The book analyses the values, trade and security concerns that drive the UK's foreign policy. There are separate chapters on the non- Arab powers – Israel, Turkey and Iran – as well as chapters on the Middle Eastern Arab states and regions including the Gulf, Iraq, Egypt, and Syria and the Levant. The contributions are from leading specialists in the field: Rosemary Hollis, Michael Clarke, Ian Black, Bill Park, Christopher Phillips, Sanam Vakil, Michael Stephens and Louise Kettle. They each explain and re-assess the declining western influence and continued instability in the region and what this means for the UK's priorities and strategy towards the MENA. This is an essential book for policy makers, journalists and researchers focused on foreign policy towards the Middle East.