The rise of the Persian Gulf is reshaping the world

If you were surprised by Saudi Arabia’s de facto takeover of professional golf, get ready for many more such announcements in the months and years to come. The rise of the Persian Gulf, and Saudi Arabia in particular, is already reshaping the Middle East. But it will also have powerful consequences across the world.

A quick quiz: What was the world’s fastest-growing large economy last year? If you guessed India or China, or any of the Asian tigers, you are wrong. The answer is Saudi Arabia, which clocked in at 8.7 percent. Kuwait and the United Arab Emirates registered heady growth as well.

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