scholarly journals CO{sub 2} emissions from developing countries: Better understanding the role of energy in the long term. Volume 4, Ghana, Sierra Leone, Nigeria and the Gulf Cooperation Council (GCC) countries

1991 ◽  
Author(s):  
J. Sathaye ◽  
N. Goldman
Keyword(s):  
Developing Countries ◽  
Sierra Leone ◽  
Gulf Cooperation Council ◽  
Gcc Countries

Natural Resources and Problems of Development

1974 ◽  
Vol 9 (2-3) ◽  
pp. 179-184
Author(s):  
Per Antonsen
Keyword(s):  
Developing Countries ◽  
Third World ◽  
Large Scale ◽  
Mineral Resources ◽  
World Market ◽  
Economic Security ◽  
Industrial Enterprises ◽  
The Third World

The author focuses on problems in the economy of the developing countries likely to arise as a consequence of mineral exploitation in the new territories. A general shortage of mineral resources, although predicted, should not uncritically be adopted as a sufficient explanation of the demonstrated interest of industrial enterprises in undertaking heavy investments in the new territories. The economic security claimed by institutions financing large-scale investments, may just as likely force the companies to seek options for long-term supplies from these areas, unhampered by the politically caused instabilities perceived in the Third World. This development may tend to push the developing countries into the role of subsidiary suppliers in the world market. The committees preparing the UN Conference on the Law of the Sea have so far taken no realistic measures to counteract this possibility, which may prove detrimental to the economies of several developing countries. The Conference will, in the opinion of the author, provide little but a settlement of disputed interests among the coastal states.

scholarly journals The Role of Political Risk and Financial Development Factors on Sukuk Market Development of Gulf Cooperation Council (GCC) Countries

2018 ◽  
Vol 10 (1) ◽  
pp. 242
Author(s):  
Arafat Mansoor Al-raeai ◽  
Zairy Zainol ◽  
Ahmad Khilmy Abdul Rahim
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Financial Management ◽  
Political Risk ◽  
Gulf Cooperation Council ◽  
Market Development ◽  
Model Framework ◽  
Alternative Source ◽  
Gcc Countries

The literature related to the financial management acknowledges the significant role that political risk play to determine the financial market development. Further, financial system development (banking and financial markets) competes to provide long-term financing, and this competition might be positive or negative for each other. The aim of this paper is to propose a conceptual model/framework for investigating the role of political risk and financial market on Sukuk market development in Gulf Cooperation Council (GCC). GCC economies depend heavily on oil revenues which makes them subject to oil prices fluctuations. Therefore, GCC’s governments should diversify their economies by looking for Sukuk as an alternative source of financing, to cover their budget deficit, when the price of oil decreases, and reduce their reliance on oil, because Sukuk has advantages compared to the conventional bond particularly in terms of less information asymmetry. The prior studies have mostly focused on firms' characteristics determinants of Sukuk issuances but gave a little consideration to the role of country' characteristics on Sukuk market development. This paper proposes a framework to explain the political risk and financial markets determinants of Sukuk market development with a focus on the GCC countries that have the largest region in terms of the Islamic financial assets. It is anticipated that the outcome will support policymakers to improve the current state of Sukuk market.

The Gulf Cooperation Council (GCC) countries and the triangle of autocracy, oil and foreign powers

2011 ◽  
Vol 4 (1) ◽  
pp. 19-29 ◽  
Author(s):  
Yousef Khalifa Al-Yousef
Keyword(s):  
Regional Integration ◽  
The United States ◽  
Arabic Language ◽  
Gulf Cooperation Council ◽  
Executive Summary ◽  
Oil Boom ◽  
Gcc Countries ◽  
Foreign Governments ◽  
Oil Wealth

This article is based on an executive summary of a forthcoming Arabic-language book to be published by the Centre for Arab Unity Studies. It examines the reasons underlying the failure of the Gulf Cooperation Council (GCC) countries to achieve stability and realize their developmental goals, despite their concerted endeavours to do so since the oil boom of the 1970s. This failure is attributable to the fact that these countries have fallen prey to a vicious cycle of autocratic governments, using the oil wealth of their people to stay in power, and which are being supported and maintained by foreign governments – especially the United States and its allies – in return for a share of the oil booty and other concessions. Accordingly, and on the basis of the experiences of these countries over four decades, any change in current conditions is not foreseeable unless the unholy alliance of autocracy, oil, and foreign powers is dismantled and replaced by a system that is more conducive to both prosperity and stability; where autocracy is replaced by a democratic form of government; where the role of oil is transformed into what will engender productive citizens; and where regional integration and co-existence with neighbours replaces foreign presence and the ‘protection’ or destruction that comes in tandem with it.

Prospects for the Gulf states to end-2017

2017 ◽  
Keyword(s):  
Saudi Arabia ◽  
United Arab Emirates ◽  
Gulf Cooperation Council ◽  
Content Type ◽  
Gcc Countries ◽  
Oil Revenue ◽  
Gulf States

Subject Prospects for the Gulf states to end-2017. Significance Gulf Cooperation Council (GCC) countries agree on the need to check Iran’s regional aspirations, but differ radically on how to achieve this goal -- pushing Saudi Arabia, Bahrain and the United Arab Emirates (UAE) to open confrontation with Qatar and leaving Kuwait and Oman caught uncomfortably in the middle. At the same time, they face the major challenge of adjusting their economies to long-term expectations of lower oil revenue.

Next-generation Gulf monarchs will set new rules

2020 ◽  
Keyword(s):  
Large Scale ◽  
Energy Transition ◽  
Gulf Cooperation Council ◽  
Current Line ◽  
Economic Diversification ◽  
The West ◽  
Content Type ◽  
Gcc Countries ◽  
Social Liberalism

Significance This brings in different perspectives on issues such as economic diversification, social liberalism, Israel and the role of the Gulf Cooperation Council (GCC). Impacts Longstanding fears of family splits over the succession could persist in Kuwait and potentially Saudi Arabia. The GCC will become even less significant, lacking any economic, infrastructural or security role. Large-scale ‘giga-projects’ raise concerns that vanity is outweighing viability. The prospect of receding support from GCC countries could undermine entrenched elites in both the West Bank and Beirut. The upcoming ‘energy transition’ will face the current line-up of rulers with a unprecedented economic crisis in the coming years.

Macroeconomic evidence on the impact of mandatory IFRS adoption on FDI in the Gulf Cooperation Council (GCC) countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Youcef Mameche ◽  
Abdullah Masood
Keyword(s):  
Developing Countries ◽  
Empirical Evidence ◽  
Estimation Method ◽  
Gulf Cooperation Council ◽  
Fdi Inflows ◽  
Content Type ◽  
Ifrs Adoption ◽  
Gcc Countries ◽  
Major Interest ◽  
The Impact

PurposeThe present paper seeks to investigate the impact of International Financial Reporting Standards (IFRS) adoption on the foreign direct investment (FDI) in the Gulf Cooperation Council (GCC) region for the period 1980–2017. This study relies on the information asymmetry theory, according to which IFRS adoption, as a positive signal for investors, should attract more FDI. This research is crucial and presents an interesting framework for providing a major motivation for empirical insights since the macroeconomic evidence on the impact of IFRS adoption on FDI is still unclear in the GCC region and no empirical evidence has been provided in the existing related literature.Design/methodology/approachThe analysis was conducted based on panel data from GCC countries over the period 1980–2017 and using the autoregressive distributed lag (ARDL) modeling approach and the pooled mean group (PMG) estimation method.FindingsThe findings indicate that the decision of adopting IFRS in GCC countries has a positive impact of 3% on FDI inflows in the short run. However, the adoption of IFRS in the region leads to a decrease of 10.4 % in FDI inflows in the long run.Practical implicationsThese findings should be of a major interest to regulators and policymakers in GCC countries, practitioners and academic researchers, international investors, managers and any other interested groups about the accounting environment in GCC countries and other developing countries having an interest in the economic consequences of IFRS adoption, as a driver of FDI, in developing countries.Originality/valueThis investigation provides original empirical evidence on the effect of IFRS adoption on FDI inflows within the context of the GCC area. In fact, the current international literature is lacking empirical evidence on the effect of IFRS adoption on FDI inflows for the GCC countries as a whole. Furthermore, this study offers an original methodological contribution to the macroeconomic impact of IFRS adoption literature by using the PMG estimator since there has been no research works to date that has used this method of estimation.

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