Future Prospects and Challenges of Gulf Cooperation Council (GCC) Summit

Running head: INTERNATIONAL ECONOMICS
International Economics
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1INTERNATIONAL ECONOMICS
Table of Contents
Introduction:...............................................................................................................................2
Peak Crisis: The GCC Summit:.................................................................................................2
Conclusion:................................................................................................................................4
References:.................................................................................................................................5

2INTERNATIONAL ECONOMICS
Introduction:
In 2017, The Gulf Cooperation Council (GCC) has organised its 38th Summit in
Kuwait. However, this summit has experienced various troubles, as other GCC countries
have sent comparatively low level of designations. Most of the Gulf leaders have denied
attending the GFC summit, which further imply unsuccessful efforts of mediation, done by
the Emir of Kuwait (Ulrichsen, 2017). Hence, it is essential to observe about the future
prospects and challenges of GFC that the recent Summit has experienced.
Peak Crisis: The GCC Summit:
The recent crisis in relations among intra-Gulf has generated various threats regarding
the creation of GCC, since 1981. After leaving, Kuwait has tried to overcome from the crisis.
Emir of this country has also suggested that alternative to negotiation efforts of this country
would be the possibility of taking military action against Qatar (Pinto, 2017). Moreover, the
strategic importance of Gulf motivation for the source of energy and financial hub to the
world could lead powerful countries like US, France and Russia and other countries across
the world to help GCC during this crisis. However, these attempts to negotiate crisis failed
due to Kuwait’s effort. This has become the chief reason for failing of last summit and
consequently other countries could not accept this proposal (Saxena, 2017). By providing
refusal to the UAE, Bahrain and Saudi Arabia have accepted the negotiation efforts to resolve
the crisis. From here, it can be stated that countries involved within this council, has tried to
make a status quo as regulation. Their aim is not to obtain some set of goals, rather they has
tried to drain Qatar. Hence, economic war has been observed within the countries.
Future Prospects:
The absence of heads of GCC countries in last summit has not been considered as the
only reason for failing GCC in future. Three GCC countries have denied acknowledging the
actual reason of crisis during this summit along with ministerial level discussions, assisting