Middle East Economic Survey
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 firstname.lastname@example.org.
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...