حل واجب وتلخيص أختبارات وشروح DD202B TMA | الجامعة العربية المفتوحة | الكويت WhatsApp وإتصال 94456116 - رويال كلاس
Arab Open University
DD202B
Tutor Marked Assignment (2016-2017, First semester)
Cut-off Date: 5 December, 2016
The GCC Common Market:
Who Gains? Who Wins and Who Loses?
In January 2008, the GCC countries took a major step towards
their full regional economic integration when they launched
a common market. The common market allows free labor and capital
movements among the GCC states. GCC nationals will be able to
pursue all economic, investment, and services activities in any of
the member countries. The launching of the common market will also
encourage harmony among member countries’ laws and regulations.
According to the Doha Declaration of 2007, the common market would provide a number of advantages for its member countries, namely: (i) allowing GCC nationals to take full advantage of employment and investment opportunities available in the larger GCC economy, (ii) encouraging foreign and inter-GCC investments, (iii) maximizing the economic benefits resulting from large-scale economies, (iv) enhancing efficiency and encouraging the best use of resources, and (v) improving the GCC negotiating power with major economic blocs.
Despite these great expectations, some argue that the impact of the GCC common market would be modest due to the similar economic structure of the member countries and the relatively small volume of trade among them. The common market, however, is expected to bring some economic gains to the GCC member countries. These gains may not necessarily be evenly distributed; some countries may benefit more than others. Some countries may even end up losing.
Arab Open University
DD202B
Tutor Marked Assignment (2016-2017, First semester)
Cut-off Date: 5 December, 2016
The GCC Common Market:
Who Gains? Who Wins and Who Loses?
In January 2008, the GCC countries took a major step towards
their full regional economic integration when they launched
a common market. The common market allows free labor and capital
movements among the GCC states. GCC nationals will be able to
pursue all economic, investment, and services activities in any of
the member countries. The launching of the common market will also
encourage harmony among member countries’ laws and regulations.
According to the Doha Declaration of 2007, the common market would provide a number of advantages for its member countries, namely: (i) allowing GCC nationals to take full advantage of employment and investment opportunities available in the larger GCC economy, (ii) encouraging foreign and inter-GCC investments, (iii) maximizing the economic benefits resulting from large-scale economies, (iv) enhancing efficiency and encouraging the best use of resources, and (v) improving the GCC negotiating power with major economic blocs.
Despite these great expectations, some argue that the impact of the GCC common market would be modest due to the similar economic structure of the member countries and the relatively small volume of trade among them. The common market, however, is expected to bring some economic gains to the GCC member countries. These gains may not necessarily be evenly distributed; some countries may benefit more than others. Some countries may even end up losing.
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