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The Gcc Economies: Stepping Up To Future Challenges Hardcover English - 25-Apr-12

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PublisherSpringer-Verlag New York Inc.
ISBN 139781461416104
ISBN 101461416108
Book SubtitleStepping Up To Future Challenges
Book DescriptionThe '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.
About the AuthorMohamed Ramady is Visiting Associate Professor at the Department of Finance and Economics, King Fahd University of Petroleum and Minerals. His main research interests are the economies of the Middle East and Saudi Arabia in particular, as well as money and banking. He also held senior positions with international financial institutions in the Arabian Gulf and Europe.
LanguageEnglish
EditorMohamed A. Ramady
Edition NumberStepping Up To Future Challenges
Publication Date25-Apr-12
Number of Pages324

The Gcc Economies: Stepping Up To Future Challenges Hardcover English - 25-Apr-12

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