Thriving after the Iran war will take economic endurance, flexibility, and strategic action. Some countries are better prepared than others
The current crisis in the Middle East is not merely a security emergency. It is also a profound economic turning point. The ongoing US-Israeli military campaign against Iran, and the regional instability that has followed, are accelerating a structural transformation in the development model of the Gulf monarchies.
For decades, the prevailing assumption was that the states of the Gulf could protect prosperity through a combination of hydrocarbon wealth, external security guarantees, and carefully managed…
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