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European Economy. Economic Papers

Marga Peeters – Directorate General for Economic and Financial Affairs, European Commission

The changing pattern of international trade and capital flows of the Gulf Cooperation Council countries in comparison with other oil-exporting countries pdf - 355 KB [355 KB]

(European Economy. Economic Papers. 415. June 2010. Brussels. PDF. 27pp. Tab. Graph. Bibliogr. Free.)
KC-AI-10-415-EN-N ISBN: 978-92-79-14901-6 ISSN: 1725-3187

Summary for non-specialists pdf - 52 KB [52 KB]

Thanks to policies that are geared towards opening up borders, the GCC countries have imparted a significant stimulus to the world economy, to a much greater extent than other oil exporting countries in similar conditions. The development of the gross capital flows in view of the recent global crisis and their composition are the main focus of this study. Aspects of globalization, trade and financial integration, such as the dependence on oil, regional integration, foreign direct investment and cross-border assets and loans are addressed.


JEL classification: F15, F21, F34, F4
doi:10.2765/42450

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