EAN: 9783631519929

ECONOMIC ANALYSIS AND EVALUATION OF THE GULF CO...

The GCC  founded in 1981  groups Bahrain  Kuwait  Oman  Qatar  Saudi Arabia and the UAE. The
present study provides a comprehensive economic analysis and evaluation of the GCC. Dutch
Disease and rentier state models help to understand the GCC's difficulties. Cooperative
solution strategies (from free trade area and customs union to complete economic integration)
are studied in the GCC context. Cooperation efforts are listed in detail and grouped. The
performance of GCC's free trade area is measured with an econometric model. Opinion surveys and
interviews with the GCC Assistant Secretary General for Economic Affairs and some 40 other
experts point to the specific problems yet to be overcome. Intrinsic explanations and
underlying reasons for GCC's economic performance are provided.

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