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A Political Economy of Free Zones in Gulf Arab StatesA Commercial Nexus Between East and West

A Political Economy of Free Zones in Gulf Arab States: A Commercial Nexus Between East and West [Gulf free zones are nodes of international capital accumulation that facilitate commercial exchange with firms and investors from Asia, the Americas, Europe, Africa, and the Middle East. Newer initiatives, such as China’s Belt and Road Initiative (BRI), and more established socioeconomic relations, such as South Asian linkages to the Gulf region, are concurrently shaping and being shaped by free zone development and subsequent economic activities in the Gulf. The extent of Chinese actors’ involvement in Gulf free zones varies according to local contexts and needs. Free zone officials promote high-profile anchor clients from America, Europe, or the Gulf to enhance their respective reputations. However, firms and investors from South Asia, Russia, and other Middle Eastern and North African countries often constitute the bulk of free zone customers. Free zones are tools for advancing controversial foreign affairs portfolios, and Gulf-based developers export their free zone skills and services around the globe.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Political Economy of Free Zones in Gulf Arab StatesA Commercial Nexus Between East and West

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References (7)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-71273-0
Pages
199 –225
DOI
10.1007/978-3-030-71274-7_7
Publisher site
See Chapter on Publisher Site

Abstract

[Gulf free zones are nodes of international capital accumulation that facilitate commercial exchange with firms and investors from Asia, the Americas, Europe, Africa, and the Middle East. Newer initiatives, such as China’s Belt and Road Initiative (BRI), and more established socioeconomic relations, such as South Asian linkages to the Gulf region, are concurrently shaping and being shaped by free zone development and subsequent economic activities in the Gulf. The extent of Chinese actors’ involvement in Gulf free zones varies according to local contexts and needs. Free zone officials promote high-profile anchor clients from America, Europe, or the Gulf to enhance their respective reputations. However, firms and investors from South Asia, Russia, and other Middle Eastern and North African countries often constitute the bulk of free zone customers. Free zones are tools for advancing controversial foreign affairs portfolios, and Gulf-based developers export their free zone skills and services around the globe.]

Published: Apr 14, 2021

Keywords: China; Belt and Road Initiative (BRI); Anchor client; India; Israel; Turkey; Iraq; Foreign affairs

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