ISSN: 1817-5880

Keywords : Gulf Cooperation Council


POWER OF THE GULF COOPERATION COUNCIL STATES FOR PREVENTION FROM THE WORLD FINANCIAL CRISIS THE IMMOVABLE MORTAGE CRISIS AS A MODEL

Sabbagh Rafaca; AL Razak Mohammed; Mahdaoy hand

Gulf Economist, Volume 32, Issue 29, Pages 26-52

The phenomena of repetitive financial crisis in the developing countries during the 90’s has involved an event of worry and concerns, what leads economies to give importance to premature warning systems to the effects of avoiding crisis or alleviate the extent .
This paper is aiming to analyse the mechanism of management of the subprime crisis in the Gulf countries. For this purpose, the study assumed that the unification of mechanisms must be pursued and existed for the following reasons.
• The economic integration between these countries.
• The homogeneity and the reconciliation of the economic and social infrastructures.
The study found a divergence in the management of mechanisms of crisis from a country to another, each country has managed its crisis according to the nature of its economy based on its goals.
In conclusion, we can say that the economic integration of these countries did not lead them to unify their policies to mitigate the impact of crisis.