Question

What are the aspects of failure of the Gulf economic integration?

Answer 1

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Talking about the aspects of failure, in accumulation to the currency and monetary union, brings out the missed chances that made the gulf economic integration held around with the endeavors to foster tremendous cooperation, overseeing less integration in main policy areas. Thus, the examples of technocratic cooperation were remarkable but they were not resistant to create anxiety among member states.

The resistance between Saudi Arabia and UAE in the middle of the 2000s participated in another disappointment in GCC planned power initiative.

Other GCC proposals have been influenced by the effect, post-2014 oil price recession, and related economic deceleration and after that by the fracturing of the GCC over the recent GCC problem. The aimed at GCC Railway was canceled for economic advantages after slipping government incomes made the all over rail connection unfeasible. Thus, the project brought out the challenge of aligned strategy all the way to six Gulf governments as each member state was separately rewarded treaties for its own sector of the line. With reasonable and impractical partnerships exemplify the missed chances for additional integration during both the decade and long period of high oil rates and record budget abundances post 2003 with political and protection pressures for tighter coordination post the year 2011.