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The Gulf Cooperation Council states: Crystallization of the regional cooperation and alliances amid dwindling resources

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submitted on 2023-03-15, 08:04 and posted on 2023-03-15, 12:59 authored by Evren Tok

The Gulf Cooperation Council (GCC) states can be divided into two main camps in terms of hydrocarbon endowment per capita which can partially account for differences in policy directions. Kuwait, Qatar, and the UAE (the rich triplet) have small populations while having large hydrocarbon (oil and natural gas) endowments compared to Bahrain, Oman, and Saudi Arabia. Kuwait, Qatar, and the UAE have been effectively using their excess wealth in the form of investment for domestic economic diversification and overseas investments through their sovereign wealth funds (SWFs). Therefore, the rich triplet perceives the upcoming threat of decarbonization of the world's energy system lighter than the remaining members of the GCC in view of their prosperity. The expected decrease in oil demand and revenue within the next decade will put further strain on the relationship between these states.

Other Information

Published in: Digest of Middle East Studies (DOMES)
License: http://creativecommons.org/licenses/by/4.0/
See article on publisher's website: http://dx.doi.org/10.1111/dome.12226

Funding

Open Access funding provided by the Qatar National Library

History

Language

  • English

Publisher

Wiley

Publication Year

  • 2021

License statement

This Item is licensed under the Creative Commons Attribution 4.0 International License

Institution affiliated with

  • Hamad Bin Khalifa University
  • College of Islamic Studies - HBKU
  • College of Public Policy - HBKU

Geographic coverage

Gulf Cooperation Council (GCC) states

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