The Price of Union

The six states of the Gulf Cooperation Council (GCC) have emerged as influential regional and international actors over the past decade. Led by Qatar and the United Arab Emirates, they have invested heavily in struggling Western economies, built up enormous capital accumulations during the post-2003 oil-price boom, and contain some of the world’s largest conventional supplies of oil and natural gas. Their relative stability and pro-Western orientation has also enhanced their geo-strategic ...

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