Progress and Problems of Regional Economic Cooperation Among the Countries of the Persian Gulf
https://doi.org/10.24833/2949-639X-2024-4-10-32-45
Abstract
This article provides an analysis of the state of regional economic integration within the countries of the Persian Gulf (Gulf Cooperation Council, GCC). Special emphasis is placed on a new stage of integration, which has emerged as a response to the growing uncertainty in the global economy. The GCC countries have gained prominence in research due to the increasing significance of the region in the contemporary geo-economic landscape, underscoring the relevance of this study. However, despite the progress made, the GCC countries have, as the research indicates, failed to address the fundamental challenges of integrative development, which continue to persist today both economic and political in nature stemming from regional circumstances and global challenges. It appears that the GCC countries face the task of achieving independence in the truest sense of the word, and subsequently, achieving greater success in the context of globalization.
About the Authors
L. V. Shkvarya
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Doctor of Economics, Professor, Professor at the Department of World Economy
Moscow
A. V. Fedorchenko
Moscow State Institute of International Relations (MGIMO-University); Institute of Oriental Studies of the Russian Academy of Sciences
Russian Federation
Russian Federation
Doctor of Economics, Professor, Senior Research Fellow at the Department of World Economy; Leading Research Fellow
Moscow
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Review
For citations:
Shkvarya L.V., Fedorchenko A.V. Progress and Problems of Regional Economic Cooperation Among the Countries of the Persian Gulf. International Business. 2024;(4 (10)):32-45. (In Russ.) https://doi.org/10.24833/2949-639X-2024-4-10-32-45
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