Crony Capitalism in the Middle East

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Publisher : Oxford University Press
ISBN 13 : 0192559923
Total Pages : 528 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Crony Capitalism in the Middle East by : Ishac Diwan

Download or read book Crony Capitalism in the Middle East written by Ishac Diwan and published by Oxford University Press. This book was released on 2019-05-23 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: The popular uprisings in 2011 that overthrew Arab dictators were also a rebuke to crony capitalism, diverted against both rulers and their allied businessmen who monopolize all economic opportunities. While the Middle East has witnessed a growing nexus between business and politics in the wake of liberalization, little is discussed about the nature of business cronies, the sectors in which they operate, the mechanisms used to favour them, and the possible impact of such crony relations on the region's development. Combining inputs from leading scholars in the field, Crony Capitalism in the Middle East: Business and Politics from Liberalization to the Arab Spring presents a wealth of empirical evidence on the form and function of this aspect of the region. Crony Capitalism in the Middle East is unique in both its empirical focus and comparative scale. Analysis in individual chapters is empirically grounded and based on fine-grained data on the business activities of politically connected actors furnishing, for the first time, information on the presence, numerical strength, and activities of politically connected entrepreneurs. It also substantially enhances our understanding of the mechanisms used to privilege connected businesses, and their possible impact on undermining the growth of firms in the region. It offers a major advance on our prior knowledge of Middle Eastern political economy, and constitutes a distinct contribution to the global literature on crony capitalism and the politics of development. The book will be an essential resource for students, researchers, and policymakers alike.

Crony Capitalism and Economic Growth in Latin America

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Publisher : Hoover Institution Press
ISBN 13 : 0817999663
Total Pages : 173 pages
Book Rating : 4.8/5 (179 download)

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Book Synopsis Crony Capitalism and Economic Growth in Latin America by : Stephen Haber

Download or read book Crony Capitalism and Economic Growth in Latin America written by Stephen Haber and published by Hoover Institution Press. This book was released on 2013-11-01 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: Crony capitalism systems—in which those close to political policymakers receive favors allowing them to earn returns far above market value—are a fundamental feature of the economies of Latin America. Haber and his expert contributors draw from case studies in Mexico, Brazil, and other countries around the world to examine the causes and consequences of cronyism.

Cleft Capitalism

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Publisher : Stanford University Press
ISBN 13 : 150361221X
Total Pages : 377 pages
Book Rating : 4.5/5 (36 download)

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Book Synopsis Cleft Capitalism by : Amr Adly

Download or read book Cleft Capitalism written by Amr Adly and published by Stanford University Press. This book was released on 2020-06-09 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: Egypt has undergone significant economic liberalization under the auspices of the International Monetary Fund, the World Bank, USAID, and the European Commission. Yet after more than four decades of economic reform, the Egyptian economy still fails to meet popular expectations for inclusive growth, better standards of living, and high-quality employment. While many analysts point to cronyism and corruption, Amr Adly finds the root causes of this stagnation in the underlying social and political conditions of economic development. Cleft Capitalism offers a new explanation for why market-based development can fail to meet expectations: small businesses in Egypt are not growing into medium and larger businesses. The practical outcome of this missing middle syndrome is the continuous erosion of the economic and social privileges once enjoyed by the middle classes and unionized labor, without creating enough winners from market making. This in turn set the stage for alienation, discontent, and, finally, revolt. With this book, Adly uncovers both an institutional explanation for Egypt's failed market making, and sheds light on the key factors of arrested economic development across the Global South.

Seven Pillars

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Publisher : AEI Press
ISBN 13 : 0844750263
Total Pages : 178 pages
Book Rating : 4.8/5 (447 download)

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Book Synopsis Seven Pillars by : Michael Rubin

Download or read book Seven Pillars written by Michael Rubin and published by AEI Press. This book was released on 2019-11-14 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: For decades, US foreign policy in the Middle East has been on autopilot: Seek Arab-Israeli peace, fight terrorism, and urge regimes to respect human rights. Every US administration puts its own spin on these initiatives, but none has successfully resolved the region’s fundamental problems. In Seven Pillars: What Really Causes Instability in the Middle East? a bipartisan group of leading experts representing several academic and policy disciplines unravel the core causes of instability in the Middle East and North Africa. Why have some countries been immune to the Arab Spring? Which governments enjoy the most legitimacy and why? With more than half the region under 30 years of age, why does education and innovation lag? How do resource economies, crony capitalism, and inequality drive conflict? Are ethnic and sectarian fault lines the key factor, or are these more products of political and economic instability? And what are the wellsprings of extremism that threaten not only the United States but, more profoundly, the people of the region? The answers to these questions should help policymakers and students of the region understand the Middle East on its own terms, rather than just through a partisan or diplomatic lens. Understanding the pillars of instability in the region can allow the United States and its allies to rethink their own priorities, adjust policy, recalibrate their programs, and finally begin to chip away at core challenges facing the Middle East. Contributors: Thanassis Cambanis Michael A. Fahy Florence Gaub Danielle Pletka Bilal Wahab A. Kadir Yildirim

Russia's Crony Capitalism

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Publisher : Yale University Press
ISBN 13 : 030024486X
Total Pages : 336 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Russia's Crony Capitalism by : Anders Aslund

Download or read book Russia's Crony Capitalism written by Anders Aslund and published by Yale University Press. This book was released on 2019-05-23 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in untenable stagnation, which Putin has tried to mask through military might.

A Political Economy of the Middle East

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Publisher : Westview Press
ISBN 13 : 9780813349381
Total Pages : 0 pages
Book Rating : 4.3/5 (493 download)

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Book Synopsis A Political Economy of the Middle East by : Melani Cammett

Download or read book A Political Economy of the Middle East written by Melani Cammett and published by Westview Press. This book was released on 2015-03-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Political Economy of the Middle East is the most comprehensive analysis of developments in the political economy of the region over the past several decades, examining the interaction of economic development processes, state systems and policies, and social actors in the Middle East. The fourth edition, with new authors Melani Cammett and Ishac Diwan, has been thoroughly revised, with two new introductory chapters that provide an updated framework with which to understand and study the many changes in demography, education, labor markets, urbanization, water and agriculture, and international labor migration in the recent years. The new edition also includes: a new chapter that charts the political economy of the Gulf states and, in particular, the phenomenal growth of oil economies; a new chapter on the rise of "crony capitalism;" and increased coverage of the changes in civil society and social movements in the region, including an exploration of the causes, dynamics, consequences, and aftermath of the Arab uprisings.

Crony Capitalism

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Publisher : Cambridge University Press
ISBN 13 : 9780521004084
Total Pages : 222 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Crony Capitalism by : David C. Kang

Download or read book Crony Capitalism written by David C. Kang and published by Cambridge University Press. This book was released on 2002-01-24 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even in Korea, corruption was far greater than the conventional wisdom allows - so rampant was corruption that we cannot dismiss it; rather, we need to explain it."--BOOK JACKET.

How Capitalism Failed the Arab World

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Publisher : Bloomsbury Publishing
ISBN 13 : 1780329598
Total Pages : 226 pages
Book Rating : 4.7/5 (83 download)

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Book Synopsis How Capitalism Failed the Arab World by : Richard Javad Heydarian

Download or read book How Capitalism Failed the Arab World written by Richard Javad Heydarian and published by Bloomsbury Publishing. This book was released on 2014-02-13 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic liberalization has failed in the Arab world. Instead of ushering in economic dynamism and precipitating democratic reform, it has over the last three decades resulted in greater poverty, rising income inequality and sky-rocketing rates of youth unemployment. In How Capitalism Failed the Arab World, Richard Javad Heydarian shows how years of economic mismanagement, political autocracy and corruption have encouraged people to revolt, and how the initial optimism of the uprisings is now giving way to bitter power struggles, increasing uncertainty and continued economic stagnation. A unique and provocative analysis of some of the key social and political events of the last decade.

Lineages of Revolt

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Publisher : Haymarket Books
ISBN 13 : 1608463524
Total Pages : 348 pages
Book Rating : 4.6/5 (84 download)

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Book Synopsis Lineages of Revolt by : Adam Hanieh

Download or read book Lineages of Revolt written by Adam Hanieh and published by Haymarket Books. This book was released on 2013-10-14 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the outcomes of the tumultuous uprisings that continue to transfix the Arab world remain uncertain, the root causes of rebellion persist. Drawing upon extensive empirical research, Lineages of Revolt tracks the major shifts in the region’s political economy over recent decades. In this illuminating and original work, Adam Hanieh explores the contours of neoliberal policies, dynamics of class and state formation, imperialism and the nature of regional accumulation, the significance of Palestine and the Gulf Arab states, and the ramifications of the global economic crisis. By mapping the complex and contested nature of capitalism in the Middle East, the book demonstrates that a full understanding of the uprisings needs to go beyond a simple focus on “dictators and democracy.”

The Political Economy of Wasta: Use and Abuse of Social Capital Networking

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Publisher : Springer
ISBN 13 : 3319222015
Total Pages : 238 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis The Political Economy of Wasta: Use and Abuse of Social Capital Networking by : Mohamed A. Ramady

Download or read book The Political Economy of Wasta: Use and Abuse of Social Capital Networking written by Mohamed A. Ramady and published by Springer. This book was released on 2015-11-23 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: The term ‘wasta stems from the Arabic root for ‘middle’ or ‘medium’ and describes the phenomenon of using ‘connections’ to find job, government services or other favors to circumvent bureaucracy or bypass the system as a whole. The effects of ‘wasta’ may be both positive or negative, and is not a phenomenon that is particular to the Arab or Muslim world, but also to many other cultures and regions of the world, with similar concepts popularly known as ubuntu, guanxi, harambee, naoberschop, or “old boy network” used in African, Chinese and European societies. By its very nature ‘wasta’ is an area of grey or even black information, and, like corruption to which it is most often associated, is hard to assess although country corruption perception indexes attempt to provide a quantifiable basis. In the final analysis such ratings are based on perceptions of corruption, and this perception may vary strongly depending on different societal structures and cultural modes, whether these are extended family systems, tribal, clans or more atomized societies where relationships are essentially transactional and rule based. In a western perspective where ‘wasta’ may be considered as a form of corruption, in other societies it may be perceived as something ‘natural’ and not criminal, and using one's ‘wasta’ in tribal societies to help clan members is seen as a duty. The difference stems from the 'innocent ' use of ‘wasta’ to make introductions, as opposed to its abuse in placing unqualified persons in positions .The volume brings together academics and professional experts to examine a range of multi-faceted social, economic and political issues raised by the use and abuse of social networking, covering various topics like: ‘wasta’ interpersonal connections in family and business ties, The relationship between inequality-adjusted human development and corruption perception indexes in the Gulf region, ‘wasta’ and business networking, assessing the economic cost of ‘wasta’, ‘wasta’ and its impact on quality oriented education reform and the perceptions of young people, The use of ‘wasta’ to overcome socio-cultural barriers for women and men The volume also offers insights into social relations and ethics, and how the use of ‘wasta’ contradicts with common held religious principles, along with some country studies on Islamic principles and the use of ‘wasta’. Mohamed Ramady is a Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia.

The Middle East Economies in Times of Transition

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Publisher : Springer
ISBN 13 : 1137529776
Total Pages : 359 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis The Middle East Economies in Times of Transition by : Ahmed Galal

Download or read book The Middle East Economies in Times of Transition written by Ahmed Galal and published by Springer. This book was released on 2016-04-08 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diwan and Galal looks at the structure and prospects of the Middle East economies after the 2011 Uprisings, focusing on issues of economic growth, inequality, the impact of oil, and the unfolding political transitions. On the growth question, the book looks into the extent of structural transformation of the economy, the political economy reasons for the lack of structural change, and the external conditions in the EU and in the GCC that underpin the lack of structural change. On inequality, the book offers new measures of equality of opportunity in human development and in the job market, and it also reviews the complex political economy of subsidy removal. Regarding natural resources, the volume provides three innovations: connecting the notion of 'oil curse' to the global phenomena of asset bubbles; evidence that resource curse effects do not rise monotonically with the size of the resource rent, but rather, according to an inverted U shape; and an extension of the concept of rent to the other non-oil rents that are also predominant in the region. Finally, the volume places the political transition in the region in a global perspective using various methods – theoretical, comparative, and empirical, and it explores the relationship between democracy in its variety of forms and economic development.

Lawless Capitalism

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Publisher : NYU Press
ISBN 13 : 0814776493
Total Pages : 304 pages
Book Rating : 4.8/5 (147 download)

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Book Synopsis Lawless Capitalism by : Steven A. Ramirez

Download or read book Lawless Capitalism written by Steven A. Ramirez and published by NYU Press. This book was released on 2013 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this innovative and exhaustive study, Steven A. Ramirez posits that the subprime mortgage crisis, as well as the global macroeconomic catastrophe it spawned, is traceable to a gross failure of law. The rule of law must appropriately channel and constrain the exercise of economic and political power. Used effectively, it ensures that economic opportunity isn’t limited to a small group of elites that enjoy growth at the expense of many, particularly those in vulnerable economic situations. In Lawless Capitalism, Ramirez calls for the rule of law to displace crony capitalism. Only through the rule of law, he argues, can capitalism be reconstructed.

The Oxford Handbook of Business Groups

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Publisher : Oxford University Press
ISBN 13 : 019955286X
Total Pages : 828 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis The Oxford Handbook of Business Groups by : Asli M. Colpan

Download or read book The Oxford Handbook of Business Groups written by Asli M. Colpan and published by Oxford University Press. This book was released on 2010-08-05 with total page 828 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook provides a comprehensive analysis of business groups around the world. It focuses on the adaptive and competitive capabilities of business groups and their evolutionary dynamics, as well as considering the historical and theoretical contexts of business groups.

The Political Economy of Education in the Arab World

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Publisher :
ISBN 13 : 9781626379350
Total Pages : 250 pages
Book Rating : 4.3/5 (793 download)

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Book Synopsis The Political Economy of Education in the Arab World by : HICHAM. ALAOUI

Download or read book The Political Economy of Education in the Arab World written by HICHAM. ALAOUI and published by . This book was released on 2021-03-16 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Globalized Authoritarianism

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Publisher : U of Minnesota Press
ISBN 13 : 1452956707
Total Pages : 384 pages
Book Rating : 4.4/5 (529 download)

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Book Synopsis Globalized Authoritarianism by : Koenraad Bogaert

Download or read book Globalized Authoritarianism written by Koenraad Bogaert and published by U of Minnesota Press. This book was released on 2018-03-20 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rich investigation into Morocco’s urban politics Over the past thirty years, Morocco’s cities have transformed dramatically. To take just one example, Casablanca’s medina is now obscured behind skyscrapers that are funded by global capital and encouraged by Morocco’s monarchy, which hopes to transform this city into a regional leader of finance and commerce. Such changes have occurred throughout Morocco. Megaprojects are redesigning the cityscapes of Rabat, Tangiers, and Casablanca, turning the nation’s urban centers into laboratories of capital accumulation, political dominance, and social control. In Globalized Authoritarianism, Koenraad Bogaert links more abstract questions of government, globalization, and neoliberalism with concrete changes in the city. Bogaert goes deep beneath the surface of Morocco’s urban prosperity to reveal how neoliberal government and the increased connectivity engendered by global capitalism transformed Morocco’s leading urban spaces, opening up new sites for capital accumulation, creating enormous class divisions, and enabling new innovations in state authoritarianism. Analyzing these transformations, he argues that economic globalization does not necessarily lead to increased democratization but to authoritarianism with a different face, to a form of authoritarian government that becomes more and more a globalized affair. Showing how Morocco’s experiences have helped produce new forms of globalization, Bogaert offers a bridge between in-depth issues of Middle Eastern studies and broader questions of power, class, and capital as they continue to evolve in the twenty-first century.

Borderlands

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Publisher : Oxford University Press
ISBN 13 : 0198833555
Total Pages : 205 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis Borderlands by : Raffaella A. Del Sarto

Download or read book Borderlands written by Raffaella A. Del Sarto and published by Oxford University Press. This book was released on 2021 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study proposes a different understanding of the complex relationship between Europe and the Mediterranean Middle East and North Africa, it challenges the conventional wisdom on Europe's benevolent foreign policy and the image of 'Fortress Europe' alike.

GAS WARS

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Publisher : Paranjoy Guha Thakurta
ISBN 13 : 8192855139
Total Pages : 651 pages
Book Rating : 4.1/5 (928 download)

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Book Synopsis GAS WARS by : Paranjoy Guha Thakurta

Download or read book GAS WARS written by Paranjoy Guha Thakurta and published by Paranjoy Guha Thakurta. This book was released on 2014-03-30 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prime minister of India Manmohan Singh has been accused of changing ministerial portfolios at the behest of the Reliance group. There have been claims that the group deliberately ‘squatted’ on reserves of natural gas and curtailed production in anticipation of higher prices that are administered by the government, to the detriment of the interests of the country’s people. Spokespersons of the group deny these alligations and contend that gas output from the Krishna-Godavari basin came down on account of unforeseen adverse geological surprises. Sections within the Indian government do not buy these arguments. The Comptroller and Auditor General of India has alleged, among other things, that the contract between the government and Reliance Industries Limited is deeply flawed, thereby encouraging excessive capital expenditure and lowering potential benefits to the exchequer. With painstaking research, a meticulous perusal of press reports, as well as a few surprising exclusives, Gas Wars highlights cases of crony capitalism that allowed the Reliance group to blatantly exploit loopholes which were consciously retained in the system to benefit it. The book points out how, even when laws and policies appeared fair, rational, and reasonable, the way in which these rules and procedures were framed and implemented by bureaucrats acting at the behest of their political masters exposed the deep nexus between business and politics in India. Even as Gas Wars tells the story of how a corporate conglomerate, in this case the country’s largest, has benefited from the way government policies are structured, it lays bare the alarming facts of a natural disaster waiting to happen due to the ruthless exploitation of the country’s natural resources in order to swell the fortunes of a few. The book also highlights the examples of those within the government establishment who have refused to be intimidated by the rich and the powerful, and who have against all odds valiantly attempted to uphold the interests of the people of India.