To cite this publication: Mehran Kamrava, ed., The Political Economy of the Persian Gulf (New York, NY: Oxford University Press, 2012).
Change occurs rapidly in the Persian Gulf. While some states have capitalised on the fast-paced nature of globalised fiscal transactions and have become important markets for foreign investment, others have fallen victim to such speculations. The “Dubai Model” of economic diversification is being re-evaluated as the GCC states continue to seek the best means of organizing their economies and competing within the global order. Read more from Oxford University Press.