وثيقة

The Impact of U.S.-China trade war on Gulf Cooperation Council (GCC).

عناوين أخرى
أثر الحرب التجارية بين الولايات المتحدة والصين على دول مجلس التعاون الخليجي
الناشر
Sultan Qaboos University.
ميلادي
2022
اللغة
الأنجليزية
الملخص الإنجليزي
When economic growth is sluggish, it is common for countries to impose protectionist trade policies, as is the case now. There has been an increase in protectionism since the recent tariffs on trade imposed by China and United States in their current trade disputes. Trade war existing between China and U.S was sparked by the anti-globalization policies by these countries, which negatively impacted the global economy. Only a few studies have looked at the implications of the trade wars by the US-China on nations other than the two economies (US and China) and those studies haven't examined the GCC region as a whole. There is a direct link between the Gulf Cooperation Council (GCC) economies and the global economy because they rely on foreign commerce for growth and development. The GCC (Gulf Cooperation Council) economy was examined in the current study to establish the impact the US-China trade war on it. The researcher examined the impact of the US-China trade war on the GCC's oil prices, GDP, export and import rates, and the stock market through a thorough examination of the literature. According to the data, GDP, export volume, and imports all decreased in the Gulf Cooperation Council (GCC) area. Oil prices were also seen to fluctuate. The research also indicated that trade war had an impact that was negative on stock prices in the GCC's major stock exchanges. If the conflict continues, the U.S and China ought to hunt for new trading partners. The GCC should resist protectionist emotions and strengthen its commitment of Mercantilism, be open to establishing preferential agreements of trade and position itself as a manufacturing hub globally to build new partners in trade which include both United States and China.
قالب العنصر
الرسائل والأطروحات الجامعية