The implications of the 2008 global financial crisis on the economies of the GCC countries | ||
| مجلة جامعة الانبار للعلوم الاقتصادیة والاداریة | ||
| Article 7, Volume 10, Issue 22, June 2018, Pages 115-137 PDF (831.91 K) | ||
| Authors | ||
| Ali . A . Al-Dulaimi .; Mustafa F. Hamad . | ||
| . | ||
| Abstract | ||
| The financial crisis (2008) is considered the greatest crisis that the international economics passed through since the period of the international depression (1929 – 1931) . in fact its effect is not only limited to the industrial developed countries , but also its negative aspect is reflected on the economies of the developing countries due to the economic openness . the countries of the gulf cooperative council are characterized by the great openness on the economies of the developed capital states . Consequently , the crisis is reflected clearly , on those economies became of the decrease of the prices of the world petrol which in its turn , leads to the owns of the these countries this affects , negatively , the council of economic activities , finally , the impact of this crisis on all the economic remarks ( GDP) , public expenditure . Exports and imports was implied generally , in its growth decrease in addition to the decrease in the financial market remarks of these countries . | ||
| Keywords | ||
| global financial crisis | ||
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