Persian Gulf countries with large accumulations of wealth can play an active role in reforming the international financial regime rocked by the ongoing global crisis, British experts told a recent symposium in Tokyo.
The role of the Gulf region will also be important for the world to address the longer-term problem of continuing global imbalances — of the United States being the sole major driving engine of global growth, they said.
Two researchers from the Royal Institute of International Affairs were assessing the prospects for the Gulf economies and their possible roles for the world economy during the Nov. 12 symposium organized by Keizai Koho Center on the theme "Global financial turmoil: Gulf states as 'white knights'?"