The prolonged nature of the collaboration of the GCC countries towards monetary union — whose implications have become only too stark in terms of financial and political consolidation, thanks to the example of the Eurozone — might be said to reflect a certain, underlying inertia.
It may be instructive in this regard to look back to the founding principles of the GCC itself, and reconsider the key conditions in which the Gulf economies collectively operate.
Scholars have doubtless done that on numerous occasions. At the Middle East Centre of the London School of Economics, Dr Duha Al Kuwari, also assistant professor at Qatar University, is updating that exercise in forthcoming research, testing the state of play in 2012.
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