Shifting geo-economic power of the Gulf : oil, finance and institutions edited by Matteo Legrenzi, Bessma Momani

The member states of the Gulf Cooperation Council-Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates, and Saudi Arabia-have recently been exercising greater regional muscle, according to Legrenzi (Graduate School of Public and International Affairs, U. of Ottawa, Canada) and Momani (U. of Waterloo, Canada), who present 12 papers investigating the implications of this development for the international economy. The papers have been divided into two parts which examine, first, the evolution of the oil-exporting rentier character of the GCC states and, second, changes in the investment and trade patterns of the GCC states and the impact of this on their financial standing in the world. Annotation ©2011 Book News, Inc., Portland, OR (booknews.com)

Includes bibliographical references and index.

This volume brings together, for the first time, distinguished Gulf experts to analyze the renewed geo-economic prominence of the oil-exporting states if the Gulf. It investigates some of these 'new power brokers' in the world economy and what this shift in global economic power means for the international economic system.