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Finance & Accounting
Pages 6 (1506 words)
Running head: GULF CURRENCY UNION Gulf Currency Union: A Research Proposal [Author’s Name] [Tutor’s Name] [Class] 09 July 2011 Abstract Gulf Currency Union is a popular topic of professional discussion. However, the effects of GCU on Saudi Arabia are yet to be defined…
Keywords: Gulf Currency Union, GCU, Middle East, Saudi Arabia. Gulf Currency Union: A Research Proposal Gulf Currency Union is a popular object of professional discussion. Much has been written and said about its benefits and potential costs for the Gulf countries. GCU exemplifies a complex product of multiple influences and reflects the growing role of globalization and integration in economic relations between Middle Eastern countries. However, how GCU will affect these countries remains unclear. Clearly, there is a need for a study of GCU and its effects on Saudi Arabia. The choice of this research topic is justified by the growing importance of GCU ideas in the Middle East and the lack of information about the benefits and costs of GCU for Saudi Arabia. It is imperative that the effects of the currency union on Saudi Arabia be understood in their entirety, to ensure that the country uses the potential of GCU membership to the fullest and can easily avoid its drawbacks. Literature Review The growing body of literature indicates sustained popularity of GCU and related subjects in literature. The history of economic cooperation between GCC states dates back to 1981, when the Free Trade Area in the GCC region was established and a unified Economic Agreement was ratified (MacDonald & Al Faris, 2010). ...
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