Financialisation in the Gulf States

Jalal Qanas and Malcolm Sawyer

Review of Political Economy, 2024, vol. 36, issue 3, 1174-1191

Abstract: This paper focuses on financialisation in the six members of the Gulf Cooperation Council (GCC) over the past three decades. The key economic features of the GCC countries relevant for financialisation are outlined. The dimensions of financialisation are drawn to allow investigation of financial developments in the GCC countries. The evolving structures of financial institutions in GCC countries are indicated and compared with their evolution in other countries. Sovereign wealth funds play an important role in the internationalisation of finance in the GCC, as does Islamic finance. Thus, the GCC countries exemplify a variegated financialisation in which both conventional and Islamic finance have expanded at the national and global level.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/09538259.2022.2099669 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:revpoe:v:36:y:2024:i:3:p:1174-1191

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CRPE20

DOI: 10.1080/09538259.2022.2099669

Access Statistics for this article

Review of Political Economy is currently edited by Steve Pressman and Louis-Philippe Rochon

More articles in Review of Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().