Qatar and Saudi Arabia: If There a Relationship Between High Economic Countries With Support for Human Rights
In recent years, shared concerns over Sunni Islamist extremist terrorism and Iranian government policies have provided some renewed logic for continued strategic cooperation.
Fiscal reforms included introducing value-added tax (VAT), phasing out subsidies, and improving management of public expenditure. Monetary policy frameworks were strengthened by introducing indirect monetary policy instruments. Trade regimes were liberalized and foreign direct investment (FDI) was encouraged while exchange rates became more flexible. In subsequent years, the countries that pursued reforms, such as Egypt, Jordan, Mauritania, Morocco, and Tunisia, enjoyed the region's most rapid growth rates. Although the momentum for reform has slackened more recently, other macroeconomic outcomes have remained positive in much of the region. For example, inflation has been low and on the decline for most of the 1990s; fiscal deficits, while persisting, have narrowed since the mid-1980s to levels below those of other developing countries. Financial crises, which plagued other regions during the past two decades, were averted. In addition, for a large number of countries in the region, external and domestic debts are not high by international standards, and debt service is low.
According to the UN Economic and Social Commission for Western Asia (ESCWA).
Despite the sounding death-knell of the GCC, movements off the political and juridical center stage appear to be taking shape. Qatar should have good reason to choose a softer route, unless it senses the generational demise of the House of Al Saud is approaching.
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