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Since the oil boom of the 1970s, the Gulf Cooperation Council
States have attempted to achieve economic stability and realise
their development goals. Such efforts have so far been in vain,
however, as these states' autocratic governments have closed off
their political systems with the support of international allies,
especially the United States. In this timely and exhaustive
analysis of the political economies of the GCC since the 1970s to
the present, Yousef Khalifa Al-Yousef examines the factors
responsible for the failure of the states to achieve lasting change
in development and security. Focusing on institutional structures
where oil wealth has been confined to the few, and the consequences
of failed legitimacy at home that has led to dependence on foreign
powers, Al-Yousef charts the consistent disparities between
governance and the needs of the local population, to the detriment
of genuine development.Al-Yousef concludes that the only way to
ensure stability and growth in the region is to dismantle the
alliance of autocracy, oil and foreign powers. Instead, democracy
and reform are key to ensuring stability in the region.
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