Gulf Cooperation Council (GCC) and Regional Integration in Asia

Bhowmik, D.

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Title	Gulf Cooperation Council (GCC) and Regional Integration in Asia
Authors	Bhowmik, D.
ORCID
Keywords	Рада співпраці країн Перської затоки Совет сотрудничества стран Персидского залива gulf cooperation council азіатська інтеграція азиатская интеграция asian integration частка внутрішнього експорту доля внутри экспорта intra export share частка внутрішнього імпорту доля внутриимпорта intra import share зростання рост growth індекс концентрації експорту индекс концентрации экспорта export concentration index індекс концентрації імпорту индекс концентрации импорта import concentration index
Type	Article
Date of Issue	2021
URI	https://essuir.sumdu.edu.ua/handle/123456789/83954
Publisher	Sumy State University
License	Creative Commons Attribution 4.0 International License
Citation	Bhowmik, D. (2021). Gulf Cooperation Council (GCC) and Regional Integration in Asia. Financial Markets, Institutions and Risks, 5(1), 61-79. https://doi.org/10.21272/fmir.5(1).61-79.2021
Abstract	In Asia, SAARC (South Asian Association of Regional Cooperation), ASEAN (Association of South East Asian Nations) and GCC (Gulf Cooperation Council) are being considered as an active regional trading blocs although East Asian integration is on primary cooperation stage and BIMSTEC is treated as organised sub-regional trading bloc. The GCC has completed all criterion of economic integration except introduction of a single currency and ASEAN is advancing its optimum stage of monetary integration but the advancement of SAARC is halted by the shock of non-cooperation from Pakistan. Therefore, contribution of GCC in integrating Asian bloc is to scrutinise in a new outlook. In this paper, the author endeavours to show the impact of economic integration of Gulf Cooperation Council (GCC) on the Asian economic integration in the sense that the process of integration of GCC with SAARC and ASEAN can accelerate the criterion of Asian integration process.
Appears in Collections:	Financial Markets, Institutions and Risks (FMIR)