Threats Facing Gulf Cooperation Council (GCC) Assignment

Threats Facing Gulf Cooperation Council (GCC) - Assignment ExampleThe unified economical agreement between the countries of the Gulf Cooperation Council was signed on November 11, 1981 in Abu Dhabi. These countries be practically referred to as The GCC States. This area has some of the fastest growing economies in the world, mostly due to a boom in oil and natural gas revenues mate with a building and investment boom backed by decades of saved petroleum revenues. In an effort to build a tax base and economic foundation before the reserves run out, the UAEs investment arms, including Abu Dhabi Investment Authority, retain over $900 billion in assets. Other regional funds also capture several hundred billion dollars. The region is also an emerging hotspot for events, including the 2006 Asian Games in Doha, Qatar. Doha also submitted an unsuccessful application for the 2016 Summer exceeding Games. However, Qatar was later chosen to host the 2022 FIFA World Cup. In 2006, its gross domestic product (nominal) was $717.8 billion (IMF April 2007), led by spectacular growth in United Arab Emirates and Qatar. In 2007, its GDP (nominal) was $1,022.62 billion (IMF April 2008). IMF predicts its GDP to reach $1,112.076 billion at end of 2008 and $1,210.112 billion at end of 2009. ... Recovery plans have been criticized for crowding out the private sector, weakness to set clear priorities for growth, failing to restore weak consumer and investor confidence, and undermining long-term stableness. Threats being faced by GCC countries are numerous. These threats are both internal and external. Given the bulky possession of natural resources uniform Oil and Gas, many internal and external forces are at work against these countries. Monarchs rule all the GCC countries, although all of them have provided much or less high degree of social welfare in their states there is a growing demand by public for democracy and sanctioned human rights first being freedom of speech. (W eb- The GCC in a turbulent world ) GCC states are facing several domestic challenges headed by demographic issues, which are to blame for political and economic problems as well as others associated with protective cover and linked to the presence of a large proportion of foreign workers on GCC soil. The issues involve aggravation of the growing fundamentalist Threat, effects of instability in Iraq, fallout of Iranian nuclear issue, over all security of Gulf, US and EU interests in the GCC area, presence of foreign troops in the area, US strategy in the area to prevent any force from imposing its hegemony on the GCC area, security of oil shipments, presence of US forces in consolidating the GCC regimes, Iranian role to undermining Iraqs stability and Iranian nuclear issue presenting a serious challenge to the stability of the area. GCC countries remain unstable due to impact of host of issues on the region directly. Major challenges being security, economy and demography. These co untries face internal conflicts with each other like GCC versus Iran and Iraq.