🎙️ EP. 70 — Inside the Gulf’s Political Economy and Diversification

In this episode, we sit down with Robert Mogielnicki, Senior Resident Scholar at the Arab Gulf States Institute in Washington (AGSIW), to unpack the political and economic forces shaping the Gulf.

We discuss the region’s economic diversification journey, the influence of political dynamics on decision-making, and the role of international capital, as well as Gulf relations with China, Russia, and the U.S.

From Kuwait’s investment landscape to currency pegs, and from energy dependence to future economic strategy, this conversation offers a detailed look inside the Gulf’s political economy and diversification.

A Political Economy of Free Zones in Gulf Arab States (2021): https://link.springer.com/book/10.1007/978-3-030-71274-7

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Chapters

• 0:00 Introduction to the Podcast and Guest
• 0:51 Robert Mogielnicki's Background and Expertise
• 4:11 Journey to the Arab Gulf States Institute
• 8:33 Understanding Political Economy in the Gulf
• 11:10 The Importance of Political Dynamics in Economic Decisions
• 14:48 Economic Diversification in the Gulf Region
• 19:23 Comparative Success in Economic Diversification
• 23:44 The Role of International Capital in Diversification Efforts
• 29:48 Kuwait's Investment Landscape and Political Dynamics
• 34:12 Gulf Cooperation Council: Evolving Dynamics and National Interests
• 40:00 China and the Gulf: Balancing Relations
• 46:20 Russia's Role in Gulf Diplomacy and Economics
• 49:39 Currency Pegs and Economic Stability in the Gulf
• 52:50 Syria: Gulf States' Strategic Engagement and Miscalculations
• 55:36 Future Outlook for Gulf Economies and U.S. Relations