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The Malfunctioning of the Gulf Cooperation Council Single Market: Features, Causes and Remedies

  • Abdulghaffar, Mahmood
  • Al-Ubaydli, Omar
  • Mahmood, Omar

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.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 55413.

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Date of creation: 19 Apr 2014
Date of revision:
Publication status: Published in Middle Eastern Finance and Economics 19 (2013): pp. 54-67
Handle: RePEc:pra:mprapa:55413
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  1. 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.
  2. Michèle Belot & Sjef Ederveen, 2012. "Cultural barriers in migration between OECD countries," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(3), pages 1077-1105, July.
  3. Terry M. Moe, 2012. "Delegation, Control, and the Study of Public Bureaucracy," Introductory Chapters, in: Robert Gibbons & John Roberts (ed.), The Handbook of Organizational Economics Princeton University Press.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
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