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Oil and the political economy in the Middle East: Post-2014 adjustment policies of the Arab Gulf and beyond free ebook download

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Author(s):	Martin Beck

Date:	2024	Format:	pdf	Language:	English	ISBN/ASIN:	1526149095
Pages:	296	OCR:		Quality:		ISBN13:
Uploader:	alex21s	Upload Date:	12/5/2023 3:21:58 PM

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The downhill slide in the global price of crude oil, which started mid-2014, had major repercussions across the Middle East for net oil exporters, as well as importers closely connected to the oil-producing countries from the Gulf. Following the Arab uprisings of 2010 and 2011, the oil price decline represented a second major shock for the region in the early twenty-first century  one that has continued to impose constraints, but also provided opportunities. Offering the first comprehensive analysis of the Middle Eastern political economy in response to the 2014 oil price decline, this book connects oil market dynamics with an understanding of socio-political changes.

Inspired by rentierism, the contributors present original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The studies reveal a large diversity of country-specific policy adjustment strategies: from the migrant workers in the Arab Gulf, who lost out in the post-2014 period but were incapable of repelling burdensome adjustment policies, to Egypt, Jordan, and Lebanon, who have never been able to fulfil the expectation that they could benefit from the 2014 oil price decline.

With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy.
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Tags: adjustment Arab beyond East economy Gulf Middle policies political Post-2014

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Oil and the political economy in the Middle East: Post-2014 adjustment policies of the Arab Gulf and beyond free ebook download

Category: Other Engineering

Description: Click to see full description

Category:
Other Engineering