The ties binding the Arab Gulf states into the global economy are both deep-rooted and long predate the discovery and extraction of oil in the 20th century. In this research paper, Kristian Coates Ulrichsen, fellow for the Middle East, assesses the multifaceted reasons behind the Gulf states’ uneven record of integration into the world economy.
What happens when Saudi Arabia, the world’s swing producer of oil, rejects its traditional market-balancing role? The job falls to American shale oil producers, which, initial data show, appear to be assuming the Saudi role.
The positive effects of a corporate income tax reform in the United States might well be enhanced by a simultaneous move to a territorial system coupled with anti-base erosion provisions designed to limit revenue losses; however, the effects of implementing territoriality are tenuous and seem likely to be small in the aggregate. Published by the American Action Forum.