2016 | OriginalPaper | Chapter
The Internationalisation of Gulf Finance
Author : Kristian Coates Ulrichsen
Published in: The Gulf States in International Political Economy
Publisher: Palgrave Macmillan UK
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The second part of this book analyses the emergence of the Gulf States as pivotal actors in the broader rebalancing of global geo-economic and political power. The five chapters in this section examine the greater assertiveness of GCC states in debates over new frameworks of international governance, their rise as major global actors in Islamic finance and sovereign wealth funds, their enmeshment in shifting patterns of global trade, the role of aviation as a powerful case study of the Gulf States’ global repositioning, and the emergence of new security threats and challenges that may over time undermine the Gulf States’ global rise.