What Makes the Gulf States Endure?
What has been—and, for that matter, will continue to be—the path followed by the Gulf monarchies, and why has it been so successful? That is the key question that drives any consideration of the strength and durability of the six states that make up the Gulf Cooperation Council (GCC): Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates (UAE), and Oman. Ironically, many observers have long regarded the Gulf states as anachronisms, propped up only by oil money and overdue to disappear into the dustbin of history at any time. Yet, the Gulf states not only have survived, they have endured and prospered. Why is this the case?
KeywordsEurope Income Expense Resi Egypt
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