The economies of the Arab states of the Gulf have gone through considerable changes in the last decade, spurred by high oil prices and ambitious diversification plans. Large-scale immigration provided the labour force while capital inflows and financial development leveraged oil…
This title brings together the perspectives of a group of experts who focus on these important issues, and explores the appropriateness of pegging to the dollar for both individual countries prior to monetary union and for the subsequent union itself. This book - written by lea…
In preparation for monetary union most of the Gulf Cooperation Council (GCC) countries have pegged their currencies rigidly to the US dollar. However, the relatively dramatic movements in the US dollar in the recent past, and also in the early 1990s, have called this practice in…
The Gulf States are the focus of great international interest - yet their fabulous evolution from pearl-fishing to oil-drilling, their individuality and variety, are screened by a thick cloud of petro-dollars. This book, first published in 1989, tells the story of their formatio…
Throughout the Gulf Cooperation Council (GCC) Member states, a number of significant policy reforms have coincided with significant changes in their socio-economic trajectories. This is especially evident within the employment domain, where a rapidly increasing labour force chal…
In spite of oil wealth, modernization, and high female educational attainment, the International Labor Organization cites female labor force participation in Kuwait as lower than other high-income countries, world averages, many non-Arab Islamic countries, and some gulf countrie…
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 re…
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, pay…
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 re…