Oil and the Political Economy in the Middle East

Name: Oil and the Political Economy in the Middle East
Brand: Hachette Aotearoa New Zealand
SKU: 9781526149091
Price: 230.0 NZD
Availability: InStock

Post-2014 Adjustment Policies of the Arab Gulf and Beyond

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Summary

Oil and the Political Economy in the Middle East offers the first comprehensive analysis of the region's political economy following the 2014 oil price decline. It features original case studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the UAE, framed by rentierism theory. The book also addresses the 2020 COVID-19-induced oil price crash, revealing diverse national adjustment strategies and the social impact on migrant workers versus citizens.
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Format: Hardback

$230⁰⁰

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Oil and the Political Economy in the Middle East

$230⁰⁰

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This book is ideal for students, scholars, and professionals interested in Middle Eastern economics, political science, and energy policy, providing in-depth insights into rentier state dynamics and institutional roles in the context of oil market fluctuations.

This is the first comprehensive analysis of the Middle East political economy in response to the oil price decline in 2014. Based on a heuristic framework inspired by rentierism, the volume contains original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

Description

Oil and the Political Economy in the Middle East is the first comprehensive analysis of the Middle Eastern political economy in response to the oil price decline in 2014. The introduction and conclusion also discuss the COVID-19-induced oil price crash of 2020. Based on a heuristic framework inspired by rentierism, the volume contains original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the UAE.

The results show a diversity of country-specific pathways for adjustment policies. Among the most pertinent empirical findings are that migrant workers in the Arab Gulf are the main social losers, while citizens were capable of repelling burdensome adjustment. For Egypt, Jordan, and Lebanon, the expectation that they could benefit from the oil price decline has not been fulfilled.

Conceptually, the collection highlights the importance of bringing state-class relations back into consideration, emphasises the role of institutions, and calls for a nuanced understanding of rentier state autonomy.

Book Details

INFORMATION

ISBN: 9781526149091

Publisher: Manchester University Press

Format: Hardback

Date Published: 17 August 2021

Country: United Kingdom

Imprint: Manchester University Press

Illustration: 29 black & white illustrations; 29 tables

Contributors:

Edited by Martin Beck
Edited by Thomas Richter

Audience: Tertiary education, Professional and scholarly

DIMENSIONS

Spine width: 17.0mm

Width: 156.0mm

Height: 234.0mm

Weight: 594g

Pages: 296

Collections

Education & Reference Finance & Economics Finance & Investment Non-Fiction Politics & Current Affairs

About the Author

Martin Beck is Professor of Modern Middle East Studies at the University of Southern Denmark (SDU)

Thomas Richter is a Senior Research Fellow at the German Institute for Global and Area Studies (GIGA)