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Abstract

Transnational elites are sometimes considered a dominant political and economic force in shaping the global economy. Their impact, however, may differ from one region to another. This article analyzes the transnational elites in the [Persian] Gulf Cooperation Council (GCC) in order to determine the regional and global significance of their political and economic power. Three factors are important in this regard. The first is the significant role played by petrodollars controlled by the GCC’s transnational elite. The second factor is the visible participation of the Western educational system in the GCC. The third factor is the presence of a transnational working class in the Persian Gulf. Finally, the article will conclude with a brief discussion of how the GCC national economies are integrating into the global economy through the transnational accumulation of capital in the region.

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