Middle East Economic Survey

VOL. LIII

No 36

6-Sep-2010

GCC Countries Can Draw Lessons From Chinas Exchange Rate Experience

By Shawkat Hammoudeh

Dr Hammoudeh is Professor of Economics and International Business at Drexel University. He can be reached at hammousm@drexel.edu.

Oil prices have held steady of late, with WTI remaining mainly in the $70-80/B range. There is more room for this price to climb up as the global recovery moves into the expansion stage. It would not be surprising for the WTI...