Wednesday, 1 June 2011

FT.com / Comment - Politics may rule on GCC growth

Leaders of the Gulf Co-operation Council nations announced last month that they were considering extending membership to Morocco and Jordan.

The expansion of any such union is often based less on economic logic than on politics. The accession of many eastern European states to the European Union since 2004, even if economically premature, was essentially a political project.

It is unclear whether the GCC is considering full membership for one or both of Morocco and Jordan, or whether the six existing members want to create a new tier of membership focused on mutual political and military interests.

No comments:

Post a Comment