The changing pattern of international trade and capital flows of the GCC countries
Marga Peeters ()
No 415, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission
Summary for non-specialistsThanks to policies that are geared towards opening up borders, the GCC countries have imparted a significant stimulus to the world economy, to a much greater extent than other oil exporting countries in similar conditions. The development of the gross capital flows in view of the recent global crisis and their composition are the main focus of this study. Aspects of globalization, trade and financial integration, such as the dependence on oil, regional integration, foreign direct investment and cross-border assets and loans are addressed.
Keywords: Saudi; Arabia; United; Arab; Emirates; Bahrain; Kuwait; Oman; Qatar; Angola; Algeria; Ecuador; Iran; Iraq; Libya; Nigeria; Venezuela; European; Union (search for similar items in EconPapers)
JEL-codes: F15 F21 F34 F4 (search for similar items in EconPapers)
Pages: 27 pages
New Economics Papers: this item is included in nep-ara, nep-ene, nep-int and nep-opm
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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0415
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