Foreign Policy Essay
The Disruption of Development Finance
China and the Arab Gulf states are becoming increasingly engaged in bilateral development projects and are shifting their goals away from good governance.
Karen E. Young is a resident scholar at the American Enterprise Institute.
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China and the Arab Gulf states are becoming increasingly engaged in bilateral development projects and are shifting their goals away from good governance.
Editor’s Note: As the United States withdraws both from the Middle East and from its traditional global leadership role under President Trump, rising powers like China and regional players like Saudi Arabia and the United Arab Emirates are moving to take its place. Trade, investment, and reconstruction aid are all in flux. Karen Young of the American Enterprise Institute assesses these new dynamics and finds that the Gulf states and China are moving closer in ways that will shift regional dynamics.
Daniel Byman
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Saudi Arabia is in a period of top-down restructuring, creating risk and opportunity for its citizens and ruling family.