The Malfunctioning of the Gulf Cooperation Council Single Market: Features, Causes and Remedies
Five years after its inception, the Gulf Cooperation Council (GCC) single market is malfunctioning in a litany of ways: there remain restrictions on the movement of goods, capital and labor across political boundaries. This paper describes the GCC single market’s malfunctions. We also propose remedies, taking advantage of the single market experiences of, among others, the European Union. A key conclusion is that there is an absence of GCC supranational political institutions powerful enough to enforce rules, with the exception of the Supreme Council, which is itself not designed to deal with day-to-day issues such as enforcing a single market. Consequently, the GCC needs to alter its institutional structure if it wants the single market to operate correctly.
|Date of creation:||19 Apr 2014|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Magda Kandil & Mohamed Trabelsi, 2012.
"Is The Announced Monetary Union In Gcc Countries Feasible? A Multivariate Structural Var Approach,"
Middle East Development Journal (MEDJ),
World Scientific Publishing Co. Pte. Ltd., vol. 4(01), pages 1250001-1-1.
- Magda Kandil & Mohamed Trabelsi, 2010. "Is The Announced Monetary Union In Gcc Countries Feasible? A Multivariate Structural Var Approach," Working Papers 522, Economic Research Forum, revised May 2010.
- Willem H. Buiter, 2010.
"Economic, Political and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council,"
in: Currency Union and Exchange Rate Issues, chapter 3
- Willem Buiter, 2008. "Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council," Open Economies Review, Springer, vol. 19(5), pages 579-612, November.
- Buiter, Willem H., 2008. "Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council," CEPR Discussion Papers 6639, C.E.P.R. Discussion Papers.
- Chris Allen & Michael Gasiorek & Alasdair Smith, 1998. "The competition effects of the Single Market in Europe," Economic Policy, CEPR;CES;MSH, vol. 13(27), pages 439-486, October.
- Bottasso, Anna & Sembenelli, Alessandro, 2001. "Market power, productivity and the EU Single Market Program: Evidence from a panel of Italian firms," European Economic Review, Elsevier, vol. 45(1), pages 167-186, January.
- Ali Darrat & Fatima Al-Shamsi, 2005. "On the path of integration in the Gulf region," Applied Economics, Taylor & Francis Journals, vol. 37(9), pages 1055-1062.
- Terry M. Moe, 2012.
"Delegation, Control, and the Study of Public Bureaucracy
[The Handbook of Organizational Economics]," Introductory Chapters, Princeton University Press.
- Michèle Belot & Sjef Ederveen, 2012. "Cultural barriers in migration between OECD countries," Journal of Population Economics, Springer, vol. 25(3), pages 1077-1105, July.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:55413. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.