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|Title:||The global financial crisis: Economic impact on GCC countries and policy implications||Authors:||Ellaboudy, S.||Issue Date:||2010||Journal:||International Research Journal of Finance and Economics||Abstract:||Free trade, free capital flows, and the deregulation of domestic industry and finance have both fuelled globalization and come to symbolize it. Globalization was all about the triumph of markets over governments. The global financial crisis that hit the world in September 2008 showed how this process might be reversed or at least re-evaluated. The economy of the Arab rich "Gulf Cooperation Council" GCC which is mostly dependent on oil revenue with a large sovereign wealth fund position is thought to be better insulated from the effect of the financial crisis, but how well these economies be able to weather the global financial storm, is the focus of this research paper.©EuroJournals Publishing, Inc. 2010.||URI:||http://hdl.handle.net/20.500.12216/186|
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