Economy / United Arab Emirates
Morocco And Jordan In GCC: Initial Thoughts
May 2011 | Economic AnalysisAlthough the possibility of Morocco and Jordan joining the GCC has only been vaguely touched upon by officials from either side, we believe that the implications of future membership for both sides are mostly positive. On the political front, the stronger GCC will acquire a better grip on the fate of monarchies in the Arab world, while the Moroccan and Jordanian ruling families will benefit from stronger support from the Gulf. Economically, the two prospective members will enjoy further financial aid from the wealthier oil exporters, helping them through the austerity period, while GCC states will benefit from the good
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