THE GULF COOPERATION COUNCIL PROJECT
Kambiz Zare Phd.
This is an interesting book published last month by our partner Dr Kambiz ZARE.
Dr Zare is an economist with degree from the City University of New York and a Phd in International Relations and Diplomacy from the Centre d’Etudes Diplomatiques et Stratégiques in Paris.
In his book he studies the reasons why, despite an attractive potential, the success of the Gulf Cooperation Council (« GCC ») project has been decidedly uneven.
It is reminded that Saudi Arabia, Qatar, Bahrain, Kuwait, Oman and United Arab Emirates, launched in 1981 the GCC, with the objective of creating an economic Arab Union that would guarantee the free flow of products/ services, capital and labor within GCC.
To evaluate if such unions work or not, two set of conditions are required: the potential for an economic gain from joining a hypothetical union and the existence of institutional bodies. The book gives a precise analysis on the reasons why the success of the project was not as expected by its founders.
By focusing on the GCC’s history the book offers a clear groundwork for understanding the ongoing dynamics of the GCC region.