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…
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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
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The author states that many contemporary scholars have tried to explain how international affairs are conducted and what foreign policies should be concerned with, but their views are very divergent and a policy maker has to decide the guiding theory or view. Three main competing paradigms: realism, liberalism and constructivism have different strands.
Six Arab countries that include The United Arab Emirates, The Sultanate of Oman, The State of Qatar, The State of Bahrain, The State of Kuwait, and The Kingdom of Saudi Arabia formed the Gulf Cooperation Council (The Cooperation Council for the Arab states of the Gulf, 2012, p.1).
After these attacks, the United States needed new apparatus for the gathering and cooperation of foreign intelligent and, most importantly new mechanisms for seamless collaboration between representatives of the military and civilian agencies involved in foreign defense affairs.
This essay mainly focuses on the characterization of the current level of political and economic integration among member countries of GCC. It also exposes major hindrances on the path of such integration, that become apparent in the countries of GCC. A belief that globalization creates world peace is supported by the countries of the union.
The council was created on May 25, 1981 while on November 11, 1981, a unified economic agreement was signed between the partner countries. After the signing of the agreement in Riyadh, Saudi Arabia, the member countries were referred to as the Gulf Cooperative Countries.
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.
The Arabian Gulf Cooperation Council is the economic and political forum that coordinates policy making for at least six member states including the states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
However, the past decade has reported stronger ties between these two nations owing to China’s explosive economic growth. This state of affairs has implications on Australia’s foreign policy alignments and its association with other
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).