Gulf Cooperation Council's Foreign Policy - Essay Example

Comments (0) Cite this document
Summary
Given the intense and highly volatile global political environment due to power struggles, especially in the Arab world, establishment of good foreign relations with the Gulf Cooperation Council is in the national interest of the international community. National states have…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.8% of users find it useful
Gulf Cooperation Councils Foreign Policy
Read TextPreview

Extract of sample "Gulf Cooperation Council's Foreign Policy"

Download file to see previous pages This paper aims to examine the GCC’s changing foreign policies towards leading players in the region, especially, the GCC’s primary mandate being to promote, protect and pursue the interests of its member states.
The Gulf Cooperation Council is an alliance of countries with similar political and economic interests, whose primary focus is to foster the political and economic development of its member states.1 The GCC seeks to strengthen the regional relations through increased collaborations between national states in the gulf; unity in political and economic associations between national states within the region is just a means to an end for the member states- the end itself is political and economic prosperity that is backed with strong currencies and a host of natural resources.
The Gulf Cooperation Council (GCC), as a political and economic alliance, has been in existence for over 30 years now since its inception; the alliance dates back in history to 30 years ago when it was founded in Riyadh, Saudi Arabia on May 1981.2 The GCC alliance has been operational since then up to date, and the founder countries converged based on two main strategic reasons- promotion of political stability and economic prosperity. In other words, the alliance was formed purely out of the need by member states to join efforts to becoming politically and economically stable; the alliance was thus a strategic move to strengthen the political and economic stability of the region.
The Gulf Cooperation Council is made up of six Middle Eastern countries that are found in the gulf region; these six countries include Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Bahrain and Qatar.3 Being a regional alliance, all the member countries have a number of things in common, and are subject to similar socio-economic, political, environmental and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Gulf Cooperation Council's Foreign Policy Essay”, n.d.)
Retrieved from https://studentshare.org/history/1616016-gulf-cooperation-councils-foreign-policy
(Gulf Cooperation Council'S Foreign Policy Essay)
https://studentshare.org/history/1616016-gulf-cooperation-councils-foreign-policy.
“Gulf Cooperation Council'S Foreign Policy Essay”, n.d. https://studentshare.org/history/1616016-gulf-cooperation-councils-foreign-policy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Gulf Cooperation Council's Foreign Policy

Threats Facing Gulf Cooperation Council (GCC)

...? Threats faced by GCC and GCC countries. GCC stands for Gulf Cooperation Council, GCC scomprise of (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE). (Web- Cooperation Council for the Arab States of the Gulf) ,The Cooperation Council for the Arab States of the Gulf (CCASG ?), also known as the Gulf Cooperation Council (GCC ) is a political and economic union of the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait. Created on May 25, 1981, the original 630-million-acre (2,500,000 km2) Council...
4 Pages(1000 words)Assignment

Gulf Cooperation Council

...matters requires a unanimous approval from the members while a resolution on procedural matters requires a majority vote. On the other hand, the Supreme Council appoints the Secretary-General who hails from the member states for a period of three years renewable once. The Secretary-General bears the responsibility of ensuring a smooth flow of GCC operations, representing the Cooperation Council in other forums, and in-charge of the secretariat (The Cooperation Council for the Arab states of the Gulf, 2012, p.1). The Ministerial Council develops cooperation and coordination between member states by...
4 Pages(1000 words)Essay

Gulf Cooperation Council (GCC'S). Economic Indicators

...from http://www.emiratesnbd.com/assets/cms/docs/quarterlyReports/2012/GCCQuarterlyQ12012.pdf Hvidt, M. (2013). Economic diversification in GCC countries: Past record and future trends. London School of Economics and Political Science, Retrieved July 24, 2013 from http://www.lse.ac.uk/government/research/resgroups/kuwait/documents/Economic-diversification-in-the-GCC-countries.pdf IMF. (2011). Gulf Cooperation Council Countries Enhancing Economic Outcomes in an Uncertain Global Economy. Retrieved July 24, 2013 from http://www.imf.org/external/pubs/ft/dp/2011/1101mcd.pdf IMF. (2012). Economic Prospects and Policy Challenges for the GCC Countries. Retrieved July 24, 2013...
7 Pages(1750 words)Article

Central Bank for GCC (Gulf Cooperation Council)

...and promote trade across the region. Peace will be enhanced among the states and the union members will work together and wars and social unrests of any kind will be eliminated. GCC central Bank share a lot of similarities with the European Central Bank, but it would be wise for it to learn from the mistakes of it that have led to the depreciation of the euro. References Abe, H. (1987). Regional integration in the Gulf: the background to the formation of the Gulf Cooperation Council. Yamato-machi, Niigata-ken, Japan: Kokusai Daigaku, Chu?to Kenkyu?jo. Banks, A. S. (2006). Political handbook of the world 2007. Washington, D.C.: CQ ;. Filho, U., & Filho,...
6 Pages(1500 words)Research Paper

The mission of Arabian Gulf cooperation council

...THE MISSIONOF THE ARABIAN GULF COOPERATION COUNCIL (AGCC) Introduction In the modern world, there has been a lean on formation of trade blocks. Many countries in the world have come together to form trading blocks which acts as a platform for negotiation on matters concerning trade. Individual countries have found it difficult to air their voices in the world on matters concerning trade and trade blocks have been found to be more influential in making trade agreements. In Europe there it the EU, in America there is NAFTA, in Latin America there is the MERCOSUR, and in the Middle East there is the AGCC. The Arabian Gulf Cooperation...
4 Pages(1000 words)Essay

Bond Financing in Gulf Cooperation Council

...Costs and benefits of bond financing in GCC (Gulf Cooperation Council) Bond financing is a form of debt financing. Generally the trend has been opposite in the western and eastern culture in terms of financing. Conservative debt or self financing has been the mode of finance in eastern countries for centuries where as Westerners depend on the equity finance methods. Bank loans were the major source of debt financing till date. In recent times, Debt financing has added a new instrument by issuing bonds. Bonds are loans raised from market where, principal and interest in the form of coupons have to be paid periodically on agreed terms. Bonds are generally referred to validity periods over...
3 Pages(750 words)Essay

Challenges Facing the Gulf Cooperation Council

...States, London, Routledge. Ismael, T.Y., & Ismael, S.J., 2012, Government and Politics of the Contemporary Middle East: Continuity and Change, London: Routledge. Korany, B., & Dessouki, H.E., 2010, The Foreign Policies of Arab States: The Challenge of Globalization, Cairo: American Univ in Cairo Press. Low, L., & Salazar, L.C., 2011, The Gulf Cooperation Council: A Rising Power and Lessons for ASEAN, Singapore, Institute of Southeast Asian Studies. Masters, J, 2013, council on foreign relations, Syria’s crisis and the global response, accessed on 24 March 2013 from: ...
11 Pages(2750 words)Thesis Proposal

Central Bank of GCC Gulf Cooperation Council

...policy instruments for inducing the flow of money in an economy. To establish successful monetary policies in the GCC countries, the suggested structure of Central Bank will mainly focus on several factors including Operating Target and Monetary Policy Instrument. These factors will certainly maximize fiscal positions, capital flows, inflation and exchange rates (Gulf Cooperation Council, 2013). With regards to determine the structure of the suggested Central Bank for GCC, it is to be inferred that the Central Bank need to pay utmost focus on liquidity creation, as the Gulf nations earn more from ...
7 Pages(1750 words)Assignment

The Gulf Cooperation Council

...with the proactive and valuable information to answer the escalated doubts raised by investors and policy makers about the compatibility of GCC stock markets’ behavior with GCC economies fundamentals (Dar and Presley, 2001). Therefore, the discussion concludes that the GCC stock markets are susceptible to effects of oil price shocks since they are the major world energy players. Finally, the findings need to attract significance attentions from researchers, market participants, and regulators. Particularly, the GCC nation’s policymakers in OPC must maintain a close eye on the fluctuations of oil price on their individual economies as well as stock markets. Reference Dar, H.A., and Presley, J.R. (2001). The...
4 Pages(1000 words)Assignment

Gulf Cooperation Council

...of the Gulf Cooperation Council Gulf Cooperation Council was started in 1981 by the leaders of the state of Kuwait, Qatar, Bahrain, Oman, United Arab Emirates and Saudi Arabia (Rashid, 21). The purpose of the council was to promote and enhance close ties among the member states and by formulating strategies to ensure that non-GCC countries would not intimidate its members or attack them. As a result, the council engages in integration courses including peace campaigns in its member’s countries (23). The council intentions are more visible in its political activities including the...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Gulf Cooperation Council's Foreign Policy for FREE!

Contact Us