Middle East Economic Survey
VOL. LII
No 25
22-Jun-2009
UAE/GCC
UAE Should Rejoin The GCC Monetary Union
By Shawkat Hammoudeh
Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.
The Gulf Cooperation Council (GCC) is about 28 years old. It was established in 1981 in response to perceived increasing political risks in the Gulf region in the aftermath of the 1979 Iranian revolution and the 1981 Iraq-Iran war. Therefore, the...
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