• The Gulf Cooperation Council States
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The Gulf Cooperation Council States

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Exhaustive analysis of the political economies of the GCC States since the oil boom of the 1970s to the present.
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  • 12 September 2017
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Since the oil boom of the 1970s, the Gulf Cooperation Council States have attempted to achieve economic stability and realize their development goals. Such efforts have so far been in vain, however, as the states' autocratic governments have closed off their political systems with the support of international allies, especially the United States.

In this timely and comprehensive analysis of the political economies of the GCC since the 1970s to the present, Yousef Khalifa Al-Yousef examines the factors responsible for the failure of the states to achieve lasting change in development and security. Focusing on institutional structures where oil wealth has been confined to the few, and the consequences of failed legitimacy at home that has led to dependence on foreign powers, Al-Yousef charts the consistent disparities between governance and the needs of the local population, to the detriment of genuine development.

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Price: $60.00
Pages: 413
Publisher: Saqi Books
Imprint: Saqi Books
Publication Date: 12 September 2017
Trim Size: 9.75 X 7.00 in
ISBN: 9780863561474
Format: Hardcover
BISACs:

Dr. Yousef Khalifa Al-Yousef is a political scientist specializing in international economics. He was a professor at the United Arab Emirates University between 1989 and 2007. He earned his PhD at Essex University, UK, and his MAS in Applied Economics and in Near Eastern and North African Studies from the University of Michigan, US. The author of numerous papers and books on the political economy of the GCC States, his other publications include The Political Economy of Oil: An Arab Perspective.
Executive Summary9
Introduction17


Part I: The Harvest of Autocracy19
Chapter One
The Hereditary Succession System21
Chapter Two
Arab-Islamic Culture37
Chapter Three
The Elites48
Chapter Four
Institutions62

Part II: Oil Policies93
Chapter Five
Discovery and Exploration95
Chapter Six
Pricing and Production112

Part III: Development Policies123
Chapter Seven
Diversification of Economic Structures125
Chapter Eight
Human Resource Development137
Chapter Nine
Private Sector Development151
Chapter Ten
Foreign Investments and Aid169
Chapter Eleven
Oil and Corruption176

Part IV: Security Policies191
Chapter Twelve
The Gulf as an Oil Reservoir195
Chapter Thirteen
The Neighbouring Countries200
Chapter Fourteen
Iran’s Nuclear Reactor232

Part V: Towards a Better Future245
Chapter Fifteen
Repercussions of the Arab Spring249
Chapter Sixteen
Domestic Reform281
Chapter Seventeen
Gulf Unity298
Chapter Eighteen
Joint Arab Action317
Chapter Nineteen
Effective Participation in International Organisations330


Conclusion337
Notes341
Bibliography377
Index401