POLITICO
Vol 21, No 2 (2021): JURNAL POLITICO FISIPOL

The Political Economy of Rentier States: Understanding Barriers on ‎Economic Reform and Integration in GCC States

Muhammad Khairil Zaki Al-Asyura (Universitas Indonesia)
M. Hamdan Basyar (Lembaga Ilmu Pengetahuan Indonesia)



Article Info

Publish Date
15 Jun 2022

Abstract

The GCC states’ high dependence on the hydrocarbon sector does not reflect a sustainable ‎economy. Therefore, it is demanded that those states reform the economic system that has long ‎been preserved and accelerate economic integration in the region to reduce ‎oil dependence. This article aims to analyze the hindrances to the economic reform ‎program and the intention to achieve economic integration within the rentier state in the Arab ‎Gulf states. This article uses a qualitative method through an explanatory and descriptive ‎approach to elaborate on the issues. This study indicates that a comprehensive economic ‎reform in GCC countries is hard to implement due to the existing political structure and socio-‎cultural conditions. Were to reform the economic system totally, rulers would have a dilemma regarding the regime's sustainability. Meanwhile, the move towards economic integration within the GCC countries remains unachievable due to such unresolved issues as mistrust among member countries, powerless GCC’s structural organization, and the lack of ‎interdependency-complex in pursuing wealth and prosperity

Copyrights © 2022






Journal Info

Abbrev

POLITICO

Publisher

Subject

Arts Humanities Social Sciences

Description

POLITICO merupakan media publikasi ilmiah bagi para dosen dan mahasiswa melalui penelitian dan artikel tulisan karangan ilmiah tentang hasil penelitian, survei dan telaah pustaka yang berkaitan dengan ilmu sosial dan ilmu ...