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1. Joseph Nye, the inventor of the term 'soft power'

Author:
Alan Philps
Publication Date:
06-2013
Content Type:
Journal Article
Institution:
Chatham House
Abstract:
He shares his thoughts on on America's role in an increasingly affluent world, Russia's decline and China's own goals
Topic:
Economics and United Nations
Political Geography:
Russia, China, America, Middle East, and Syria

2. The Gulf as a Global Financial Centre: Growing Opportunities and International Influence

Publication Date:
06-2008
Content Type:
Working Paper
Institution:
Chatham House
Abstract:
Ambition is high. Just a few years ago, the claim that the Gulf represented an important financial centre, let alone an aspiring Global Financial Centre (GFC), would have been seen as optimistic. However, it should be recalled that in the late 1990s, and even up until 2003, few analysts expected oil prices to move above the $20–30 range–yet by early 2008 oil was trading well above $100 and rising. The GCC economies have approximately tripled in size in just five years and their combined GDP will be well above $1 trillion in 2008, while their external financial wealth in the form of sovereign wealth funds (SWFs) and foreign exchange reserves alone is more than double this figure. These trends are not, of course, uncorrelated. Nevertheless, it is easy to see the region's comparative advantage from the swing in oil prices, whereas the scope for developing a significant advantage in global finance remains tentative. To develop and mature the Global Financial Centre concept will require considerable effort and nurturing, chiefly by GCC governments, banks and fund managers but including cooperative ventures with leading GFCs and financial services companies.
Topic:
Development, Economics, and Markets
Political Geography:
Middle East, Arabia, and Arab Countries