The Gulf Cooperation Council at Forty: Risk and Opportunity in a Changing World
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 by noted scholars and experts considers the key trends shaping Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirate— 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.

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The Gulf Cooperation Council at Forty: Risk and Opportunity in a Changing World
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 by noted scholars and experts considers the key trends shaping Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirate— 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.

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The Gulf Cooperation Council at Forty: Risk and Opportunity in a Changing World

The Gulf Cooperation Council at Forty: Risk and Opportunity in a Changing World

The Gulf Cooperation Council at Forty: Risk and Opportunity in a Changing World

The Gulf Cooperation Council at Forty: Risk and Opportunity in a Changing World

Overview

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 by noted scholars and experts considers the key trends shaping Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirate— 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.

Product Details

ISBN-13: 9780815739531
Publisher: Rowman & Littlefield Publishers, Inc.
Publication date: 02/22/2023
Pages: 310
Product dimensions: 5.94(w) x 8.84(h) x 0.68(d)

About the Author

Tarik M. Yousef was a nonresident senior fellow in the Foreign Policy program at Brookings, and was director of the Brookings Doha Center. His professional career has spanned the academic world at Georgetown University and the Harvard Kennedy School; the public policy arena at the IMF, the World Bank, and the U.N.; and more recently the NGO space at Silatech. He has served on the advisory boards of development organizations and boards of directors of financial institutions

Adel Abdel Ghafar was a nonresident fellow in the Foreign Policy program at Brookings, and was a fellow at the Brookings Doha Center, where he was previously acting director of research. He is also an adjunct professor at Georgetown University’s School of Foreign Service in Qatar. He specializes in political economy and his research interests include state-society relations, socio-economic development and foreign policy in the MENA region.

Table of Contents

Acknowledgments

1 Introduction: The GCC In Transition

TARIK M. YOUSEF | ADEL ABDEL GHAFAR

PART 1: Global Trends And Their Impact On The GCC

2 The Global Economy And The GCC

AIDYN BIBOLOV | TIM CALLEN | TIAN ZHANG

3 US Leadership And Gulf Security In A Multipolar World

RORY MILLER

4 Changing Patterns Of Global Energy Markets

STEVEN WRIGHT

5 An Integrated Approach To Climate Change And Economic Diversification

SAMANTHA GROSS

6 Sino-GCC Relations: Past, Present, And Future Trajectories

ADEL ABDEL GHAFAR

7 The COVID-19 Pandemic in the Gulf: Impact, Response, and Implications 51

TARIK M. YOUSEF

PART 2: Economic Transition

8 GCC Economic Integration in the Aftermath of the Qatar Crisis

NADER HABIBI

9 The GCC’s Evolving Financial Markets

JEAN-FRANÇOIS SEZNEC

10 Economic Diversification in GCC Countries

MARTIN HVIDT

11 The Governance of Fiscal and Economic Policy within the GCC

ROBERT P. BESCHEL JR.

12 The Response of Gulf Sovereign Wealth Funds to Fluctuating Oil Prices

SARA BAZOOBANDI | THEODOSIA ROSSI

13 Structural Reforms, Fiscal Sustainability, and Intergenerational Wealth as the GCC Transitions to a Post-Oil Future

IRFAN ALEEM

PART 3: LaborMarkets

14 Labor Market Dynamics and Policy Responses in the Gulf

SAMER KHERFI

15 Human Capital Development in the GCC

MARVIN ERFURTH | NATASHA RIDGE

16 Women in the Workforce Across the GCC

KAREN E. YOUNG

17 Tackling Youth Unemployment in the GCC

NADER KABBANI

18 Gulf Labor Migration: Between Structural Constraints and Political Choices

IMCO BROUWER

19 Migrant Laborers in the Gulf

NOHA ABOUELDAHAB

PART 4: State-SocietyRelations

20 The Politics of Economic Reform

KRISTIAN COATES ULRICHSEN

21 Revisiting Late Rentierism

MATTHEW GRAY

22 Why the GCC’s Economic Diversification Challenges Are Unique

STEFFEN HERTOG

23 Gulf Representation and Parliaments in the Face of Austerity Measures

COURTNEY FREER

24 The True Jihad: Art and Social Change in Saudi Arabia

SEAN FOLEY

25 Sectarianism in the Gulf

GENEIVE ABDO

PART 5: Geostrategic Concerns

26 A New Chapter for Intraregional Relations? Cohesion, Crises, and Clashes in the GCC

YASMINA ABOUZZOHOUR

27 Rivalry for Export: The Gulf Crisis Goes to Africa

ZACH VERTIN

28 Is the Iran-Saudi Conflict Resolvable?

IBRAHIM FRAIHAT

29 GCC-Arab Relations

RAMI GEORGE KHOURI

30 EU-GCC Relations

PERLA SROUR-GANDON

31 The Emergence of GCC-Israel Relations Is a Fixture of the New Middle East

OMAR H. RAHMAN

32 Conclusion: The GCC Looks to the Future

TARIK M. YOUSEF | ADEL ABDEL GHAFAR

Contributors

Index

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