Oil and the political economy in the Middle East

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Author :
Publisher : Manchester University Press
ISBN 13 : 1526149087
Total Pages : 205 pages
Book Rating : 4.5/5 (261 download)

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Book Synopsis Oil and the political economy in the Middle East by : Martin Beck

Download or read book Oil and the political economy in the Middle East written by Martin Beck and published by Manchester University Press. This book was released on 2021-08-17 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Challenges of Growth and Globalization in the Middle East and North Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781589062290
Total Pages : 44 pages
Book Rating : 4.0/5 (622 download)

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Book Synopsis Challenges of Growth and Globalization in the Middle East and North Africa by : Mr.Hamid R Davoodi

Download or read book Challenges of Growth and Globalization in the Middle East and North Africa written by Mr.Hamid R Davoodi and published by International Monetary Fund. This book was released on 2003-09-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.

The Middle East

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Author :
Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.X/5 ( download)

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Book Synopsis The Middle East by : David Nicholas

Download or read book The Middle East written by David Nicholas and published by . This book was released on 1981 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Middle East, Its Oil, Economies and Investment Policies

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Author :
Publisher : Greenwood
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis The Middle East, Its Oil, Economies and Investment Policies by : David Nicholas

Download or read book The Middle East, Its Oil, Economies and Investment Policies written by David Nicholas and published by Greenwood. This book was released on 1981-04-30 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The wide variety of reference sources include not only books and journals, but also annual reports, directories, statistics, unpublished documents, computerized data bases, authors, and organizations active in the field. Special attention is paid to sources providing information on the impact of Middle-Eastern oil-generated investment on the major economies of the Western world.

Rulers, Religion, and Riches

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Author :
Publisher : Cambridge University Press
ISBN 13 : 110703681X
Total Pages : 297 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Rulers, Religion, and Riches by : Jared Rubin

Download or read book Rulers, Religion, and Riches written by Jared Rubin and published by Cambridge University Press. This book was released on 2017-02-16 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to explain the political and religious factors leading to the economic reversal of fortunes between Europe and the Middle East.

When Can Oil Economies Be Deemed Sustainable?

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Author :
Publisher : Springer Nature
ISBN 13 : 9811557284
Total Pages : 365 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis When Can Oil Economies Be Deemed Sustainable? by : Giacomo Luciani

Download or read book When Can Oil Economies Be Deemed Sustainable? written by Giacomo Luciani and published by Springer Nature. This book was released on 2020-09-30 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book questions the stereotype depicting all Gulf (GCC) economies as not sustainable, and starts a critical discussion of what these economies and polities should do to guarantee themselves a relatively stable future. Volatile international oil markets and the acceleration of the energy transition has challenged the notion that oil revenues are sufficient to sustain oil economies in the near to medium term. But what is the meaning of economic sustainability? The book discusses the multiple dimensions of the concept: economic diversification, continuing value of resources, taxation and fiscal development, labor market sustainability, sustainable income distribution, environmental sustainability, political order (democracy or authoritarianism) and sustainability, regional integration. The overarching message in this book is that we should move on from the simplistic branding of the Gulf economies as unsustainable and tackle the details of which adaptations they might need to undertake.

Economic Diversification in Oil-Exporting Arab Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498345697
Total Pages : 41 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Economic Diversification in Oil-Exporting Arab Countries by : International Monetary Fund

Download or read book Economic Diversification in Oil-Exporting Arab Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 2016-04-29 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: countries face similar challenges to create jobs and foster more inclusive growth. The current environment of likely durable low oil prices has exacerbated these challenges. The non-oil private sector remains relatively small and, consequently, has been only a limited source of growth and employment. Because oil is an exhaustible resource, new sectors need to be developed so they can take over as the oil and gas industry dwindles. Over-reliance on oil also exacerbates macroeconomic volatility. Greater economic diversification would unlock job-creating growth, increase resilience to oil price volatility and improve prospects for future generations. Macro-economic stability and supportive regulatory and institutional frameworks are key prerequisites for economic diversification...

A History of Middle East Economies in the Twentieth Century

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Author :
Publisher : Harvard University Press
ISBN 13 : 9780674398306
Total Pages : 336 pages
Book Rating : 4.3/5 (983 download)

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Book Synopsis A History of Middle East Economies in the Twentieth Century by : Roger Owen

Download or read book A History of Middle East Economies in the Twentieth Century written by Roger Owen and published by Harvard University Press. This book was released on 1998 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text offers an examination of the economic history of the principal Arab countries, Turkey and Israel since 1918. Using the state as its major economic analysis, it charts the growth of national income and issues of welfare and distribution over two periods, 1918-1945 and 1945-1990. Important trends are explored, including the patterns of colonial economic management, import substitution, the impact of the 1970s oil boom, and the current process of liberalization and structural adjustment

Regional Economic Integration in the Middle East and North Africa

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Author :
Publisher : World Bank Publications
ISBN 13 : 082139729X
Total Pages : 209 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Regional Economic Integration in the Middle East and North Africa by : Mustapha Rouis

Download or read book Regional Economic Integration in the Middle East and North Africa written by Mustapha Rouis and published by World Bank Publications. This book was released on 2012-12-11 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book summarizes the constraints to and opportunities for deepening economic integration within the MENA region and beyond. Trade and investment reform are discussed together with physical connectivity, cross-border trade facilitation, infrastructure networks, and the vital role of logistics.

Seven Pillars

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Author :
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

The Future of Oil and Fiscal Sustainability in the GCC Region

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513525905
Total Pages : 55 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Future of Oil and Fiscal Sustainability in the GCC Region by : Mr.Tokhir N Mirzoev

Download or read book The Future of Oil and Fiscal Sustainability in the GCC Region written by Mr.Tokhir N Mirzoev and published by International Monetary Fund. This book was released on 2020-02-06 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the environment are seeing the world gradually moving away from oil. This spells a significant challenge for oil-exporting countries, including those of the Gulf Cooperation Council (GCC) who account for a fifth of the world’s oil production. The GCC countries have recognized the need to reduce their reliance on oil and are all implementing reforms to diversify their economies as well as fiscal and external revenues. Nevertheless, as global oil demand is expected to peak in the next two decades, the associated fiscal imperative could be both larger and more urgent than implied by the GCC countries’ existing plans.

Foreign Policy in Iran and Saudi Arabia

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Author :
Publisher : Bloomsbury Publishing
ISBN 13 : 0857725203
Total Pages : 288 pages
Book Rating : 4.8/5 (577 download)

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Book Synopsis Foreign Policy in Iran and Saudi Arabia by : Robert Mason

Download or read book Foreign Policy in Iran and Saudi Arabia written by Robert Mason and published by Bloomsbury Publishing. This book was released on 2014-12-22 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Saudi Arabia, with its US alliance and abundance of oil dollars, has a very different economic story to that of Iran, which despite enormous natural gas reserves, has been hit hard by economic, trade, scientiy c and military sanctions since its 1979 revolution. Robert Mason looks at the effect that economic considerations (such as oil, gas, sanctions, trade and investment) have on foreign policy decision-making processes and diplomatic activities. By examining the foreign policies of Saudi Arabia and Iran towards each other, and towards the wider Middle East and beyond, Mason seeks to highlight how oil policy, including oil production, pricing and security of supply and demand, is the paramount economic factor which drives the diplomacy and rivalry of these two pivotal regional powers. By comparing the foreign policy of Saudi Arabia and Iran towards the international community and the US in particular, Mason presents the very different economic and political trajectories of these two countries. In the case of Saudi Arabia, it has long been oil which has given the country importance both within the region and on an international scale. This has made it a vital ally for the West, which culminated in the stationing of US troops on Saudi soil in the run up to the Gulf War of 1991. In contrast, Iran's 'resistance' strategy has, rather than concentrating on relationships with the West, instead looked to a number of other players, such as those in Central Asia and Latin America. Mason uses the Saudi and Iranian cases to illustrate the combination of ideological, geo-strategy and economic resources that have insulated these two regimes against internal and external pressures and resulted in their dominance in the regional system. By concentrating on the economic factors in alliance building and alliance deconstruction, Mason offers vital analysis for researchers of international relations in the Middle East and the processes involved in the formation of foreign policy.

State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513594087
Total Pages : 153 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges by : Mr. Ernesto Ramirez Rigo

Download or read book State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges written by Mr. Ernesto Ramirez Rigo and published by International Monetary Fund. This book was released on 2021-09-20 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the COVID-19 shock, the key challenge facing policymakers in the Middle East, North Africa, and Central Asia region was how to generate strong, sustainable, job-rich, inclusive growth. Post-COVID-19, this challenge has only grown given the additional reduction in fiscal space due to the crisis and the increased need to support the recovery. The sizable state-owned enterprise (SOE) footprint in the region, together with its cost to the government, call for revisiting the SOE sector to help open fiscal space and look for growth opportunities.

Subsidy Reform in the Middle East and North Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498350437
Total Pages : 130 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Subsidy Reform in the Middle East and North Africa by : Mr.Carlo A Sdralevich

Download or read book Subsidy Reform in the Middle East and North Africa written by Mr.Carlo A Sdralevich and published by International Monetary Fund. This book was released on 2014-07-09 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the Middle East and North Africa (MENA) countries price subsidies are common, especially on food and fuels. However, these are neither well targeted nor cost effective as a social protection tool, often benefiting mainly the better off instead of the poor and vulnerable. This paper explores the challenges of replacing generalized price subsidies with more equitable social safety net instruments, including the short-term inflationary effects, and describes the features of successful subsidy reforms.

Energy Policy Implications (economic and Budgetary) of the Middle East Oil Crisis

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Author :
Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Energy Policy Implications (economic and Budgetary) of the Middle East Oil Crisis by : United States. Congress. House. Committee on the Budget. Task Force on Community Development and Natural Resources

Download or read book Energy Policy Implications (economic and Budgetary) of the Middle East Oil Crisis written by United States. Congress. House. Committee on the Budget. Task Force on Community Development and Natural Resources and published by . This book was released on 1990 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Oil Revenues on Arab Gulf Development

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000944565
Total Pages : 216 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis The Impact of Oil Revenues on Arab Gulf Development by : M.S. El Azhary

Download or read book The Impact of Oil Revenues on Arab Gulf Development written by M.S. El Azhary and published by Taylor & Francis. This book was released on 2023-05-09 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the price of oil fell in the eighties the pressures on the Arab Gulf States to speed up the diversification of their economies into non-oil sectors increased. This book, first published in 1984, examines this problem and many other issues connected with the impact of oil revenues on development in the Gulf States. It considers changing oil production policies and developments in other sectors of the economy including agriculture, industry and banking. It explores population problems, moves towards Gulf economic coordination and the impact of oil on society, culture and education. This book provides an assessment of just how much the region depends on oil for its economic prosperity and development and some indication of the enormous problems that would face the region should the demand for oil decease still further.

Economic Diversification in the GCC

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498303234
Total Pages : 32 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Economic Diversification in the GCC by : Mr.Tim Callen

Download or read book Economic Diversification in the GCC written by Mr.Tim Callen and published by International Monetary Fund. This book was released on 2014-12-23 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The economies of the six Gulf Cooperation Council (GCC) countries are heavily reliant on oil. Greater economic diversification would reduce their exposure to volatility and uncertainty in the global oil market, help create jobs in the private sector, increase productivity and sustainable growth, and help create the non-oil economy that will be needed in the future when oil revenues start to dwindle. The GCC countries have followed many of the standard policies that are usually thought to promote more diversified economies, including reforms to improve the business climate, the development of domestic infrastructure, financial deepening, and improvements in education. Nevertheless, success to date has been limited. This paper argues that increased diversification will require realigning incentives for firms and workers in the economies—fixing these incentives is the “missing link” in the GCC countries’ diversification strategies. At present, producing non-tradables is less risky and more profitable for firms as they can benefit from the easy availability of low-wage foreign labor and the rapid growth in government spending, while the continued availability of high-paying and secure public sector jobs discourages nationals from pursuing entrepreneurship and private sector employment. Measures to begin to address these incentive issues could include limiting and reorienting government spending, strengthening private sector competition, providing guarantees and financial support for those firms engaged in export activity, and implementing labor market reforms to make nationals more competitive for private sector employment.