By Kristian Coates Ulrichsen
Kristian Coates Ulrichsen files the startling upward push of the Arab Gulf States as local powers with overseas succeed in and offers a definitive account of the way they've got turn into embedded within the international method of strength, politics, and policy-making.
Read or Download The Gulf States in International Political Economy PDF
Similar economic policy books
Unholy Trinity: Labor, Capital and Land in the New Economy (Graz Schumpeter Lectures)
Some of the vital result of Classical and Marxian political economic climate are examples of the self-organization of the capitalist economic climate as a fancy, adaptive method faraway from equilibrium.
An Unholy Trinity explores the family members among modern advanced structures concept and classical political economic system, and applies the tools it develops to the issues of prompted technical swap and source of revenue distribution in capitalist economies, the regulate of environmental externalities comparable to worldwide warming and the stabilization of the area population.
The arguments and strategies of this crucial e-book tackle crucial difficulties either one of financial technological know-how and fiscal coverage and supply clean paths for theoretical exploration
The aim of this publication is to re-examine fiscal liberalism from the point of view of political liberalism. the writer argues that advocates of financial liberalism principally disregard empirical political personal tastes which, in lots of societies, cross some distance past a constrained position of the kingdom. fresh problems of reforming the welfare country supply proof that political personal tastes are at odds with liberal fiscal coverage in several instances.
“Born international” (BG) organizations have attracted many researchers in the course of the final decade. The emergence of this phenomenon at the beginning posed a significant problem to the validity and applicability of the conventional “stage” idea of internationalization; even though, students have extra lately been in a position to reconcile conventional and new theories right into a unmarried framework for learning the method of internationalization.
Perfecting Parliament: Constitutional Reform, Liberalism, and the Rise of Western Democracy
This ebook explains why modern liberal democracies are in response to old templates instead of innovative reforms; why the transition in Europe happened in the course of a comparatively brief interval within the 19th century; why politically and economically strong women and men voluntarily supported such reforms; how pursuits, principles, and preexisting associations affected the reforms followed; and why the international locations that liberalized their political platforms additionally produced the economic Revolution.
- Oxford Ideas Institutions And Trade
- Globalization and Regionalization: Challenges for Public Policy
- Phases of Capitalist Development: Booms, Crises and Globalizations
- Inequality and Instability: A Study of the World Economy Just Before the Great Crisis
- The Challenge of Simultaneous Economic Relations with East and West
- Industrial Policy in an Era of Globalization: Lessons from Asia (Policy Analyses in International Economics)
Additional info for The Gulf States in International Political Economy
Example text
Classical rentier state theory developed in the 1970s and 1980s to examine the impact of external rents such as oil on the nature of states such as Saudi Arabia and their interaction with society. 55 Yet since the 1990s, a number of critiques of rentier theory moved beyond the structurally deterministic ‘no taxation without representation’ axis to emphasise the importance of local agency and decisionmaking in the creation of contemporary Gulf polities. These critiques put forward a more nuanced and multi-causal approach to the study of the formative period of state-building in the Gulf during the 1950s and 1960s.
49 As oil prices soared following the 1973 Arab–Israeli war and the subsequent Arab oil embargo, the revenues pouring into Gulf treasuries multiplied. Across the region, oil rents were used to create an allencompassing welfare state, as the government became a distributor to, rather than an extractor of wealth from, citizenry. 50 in 1981, as the 1973 rise in prices was followed by a second spike in 1979–1980 in the wake of the Iranian revolution and the outbreak of the Iran–Iraq War. 50 They entered into a society, however, still characterised by poverty and under-development, with low absorptive and human capacity to manage the sudden wealth, and ruling elites prone to commissioning extravagant and wasteful ‘white elephant’ prestige projects.
This grew out of the traditional ‘merchant family’ business elites that predated the discovery of oil. Cut out by the ruling family/government from direct participation in the development of oil and gas resources, ‘Gulf capitalists’ (which are examined in greater detail in Chapter Five) pursued business opportunities in other industries that were either derivative to the oil sector or initiated with state assistance from accrued oil revenues. The most important of these opportunities initially were service and construction contracts granted to local companies by governments and foreign multinationals, either in the oil sector directly or for the infrastructural and industrial projects that formed the backbone of economic diversification programmes.