Arab Countries Economy (international Business)

IntroductionThe Gulf Cooperation Council (GCC ) is one of the four sub surface atomic number 18as that make up the Arab region . These subregions were formed largely based on the geographical law of proximity of the Arab countries and their item-by-item per capital income levels , as well as the animated similarities in economic and social characteristics and conditions amongst them . GCC is composed of Bahrain , Kuwait , Oman , Qatar , Saudi Arabia and the fall(a) in Arab Emirates . Meanwhile , the subregions formed by the rest of the Arab countries ar as follows : Maghreb (Algeria , Libyan Arab Jamahiriya Morocco and Tunisia , Mashreq (Egypt , Iraq , Jordan , Lebanon , Palestine and Syrian Arab Republic ) and the Arab to the lowest leg Developed Countries or LDCs (Comoros , Djibouti , Mauritania , Somalia , Sudan and Yemen (UN-ESCWA 2008 ,.

5Differences Between the GCC Countries and the Rest of the Arab CountriesThe GCC members be altogether classified as high-income countries , while many of those from the Mashreq and Maghreb subregions ar considered middle-income countries , and those that form the Arab LDCs subregion are low-income countries (UN-ESCWA , 2008 ,. 7The GCC subregion particularly stands out because it consists of the most state economies in the Arab region (Laabas Limam , 2002 ,. 8 It is worth mentioning , too , that all of the six GCC countries are members of the World Trade Organization or WTO . As a result of this the GCC subregion has the biggest share of r! egional exports and imports the stack of which is its huge volume of oil exports (UN-ESCWA , 2008 ,br 24 . About 60 percent of...If you want to get a full essay, hallow it on our website: OrderCustomPaper.com

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