GCC can benefit from
By Francis Matthew, Editor at Large
There will be a major shift in the world's power structure as China moves up to take its place as one of the world's two future superpowers over the next two to three decades. The change will not be very comfortable and will upset many conventional ideas that we all have at the moment.
This change will be particularly important for the
The new economic network will probably include
But these economic focuses are only part of the picture since all the regions in this emerging network will become more domestically prosperous in the next 20 years, and their people will demand more and higher quality services and goods.
The largest force this new economic alliance will be
This will create a huge demand for energy, and along with
The tremendous business opportunities in investing in China's march up the GDP per capita chart means that any large Gulf company with global businesses will not be able to avoid working in
Arabs will become familiar with
This shift means that the sole reliance on the
What is clear is that the proportion of the Gulf's economic links with the
The power of the new economies has allowed the world to ride out the American crisis in a way that would have unimaginable a few years ago.
It is therefore possible that we are watching the
In the future, the
This is good news for the GCC as it will find itself able to build many new alliances and find a more open position in the world.
While no GCC state welcomes the Bush view of the Middle East, most enjoy good relations with the United States and appreciate the values that the United States stand for. But this will not exclude the GCC looking for new major strategic partners in the world.
And of course the GCC itself has yet to mature into a working regional body capable of taking its place as a single entity in the councils of the nations.
But regardless of its failings today, the GCC and the Arab world is where the UAE is based and will find its closest and most vital alliances, as they all find their way forward into their multi-polar future.