아세안

The purpose of this paper is analyse the effects and outlook for the future of the global financial crisis on the economies of the GCC. This paper consists of five parts. Continuing from the introduction, this paper deals with three main subjects like following: First this paper introduces the characteristics of the economies of the GCC before global financial crisis. The characteristics of the economies of the GCC before global financial crisis are summarized as follows : 1. The economies of the GCC revealed high growth due to the surge in oil prices after 2003, 2. In spite of outstanding achievements of non-oil sector, Oil-sector play leading role in the economies of the GCC. 3. The surge of in oil prices, the shoring up of fiscal and external positions has combined to produce a spectacular infrastructure boom Second, this paper analyzes the effects of the global financial crisis on the economies of the GCC. This paper tries to explain the adverse circumstances of the economies of the GCC based on the collapse of oil price and instability of financial market. The adverse circumstances of the economies of the GCC are as follows: 1, Deep recession of the economies of the GCC due to the collapse of oil price, 2. Crash of GCC stock markets, 3. Pressure of real estate sectors, 4. Tightening of local liquidity conditions, 5. Diffusion of uncertainty of private sector