By Alan Richards
Documents the numerous alterations in demography, schooling, hard work markets, urbanization, water and agriculture, and overseas hard work migration within the heart East in contemporary years;
Considers the influence of emerging oil costs on reinforcement of authoritarian governance within the region;
Refines its evaluation of the Washington Consensus” to supply a extra nuanced method of the difficulty of the moving stability of kingdom and industry in financial development and reform;
Presents Islamism as an important strength within the sector that's still an unlimited, various social flow with many conflicting participants;
Explores the effect of the Arab Spring and next occasions to the problems raised through the textbook in a unconditionally new chapter.
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Extra resources for A Political Economy of the Middle East: Third Edition, UPDATED 2013 EDITION
Most of this revenue is not income that can be sustained over time. Stauffer (1984) estimated that the “reproducible” component of GDP of Saudi Arabia may be as little as one-quarter to one-half of reported GDP. , Easterlin 1995; Layard 2005). Third, GDP per capita offers no evidence on distribution. Therefore one can use increases in GDP as an indicator of increasing social welfare only with great caution. Measurement problems go beyond negative environmental externalities. For example, measured GDP explicitly excludes nonmarketed output; this is a problem especially for the evaluation of changes in the agricultural sector over time.
The enormous journalistic and scholarly concern lavished in recent years on political Islam and contemporary Islamism in general frequently takes the form of political-culture analysis. Various writers have tried to discern the values and ideals that inspire those Muslims who seek the political kingdom and to describe the socioeconomic contexts that purportedly give rise to the movements. We shall have a great deal more to say about these movements and their professed ideals in Chapters 11, 12, and above all, 14, and we shall save reference to the relevant studies until then.
We shall see in Chapters 7 and 8 how state-led, inward-looking development created new problems for economic progress, and we shall also see in Chapter 9 how attempts to shift the balance between state and market have always been politically driven and have often been politically blocked. States have been agile in making only those changes that protect the incumbents’ powers. Another element of continuity with previous editions is the inescapable role of natural resource endowments. The abundance of oil and the scarcity of water remain critical features of the region.
A Political Economy of the Middle East: Third Edition, UPDATED 2013 EDITION by Alan Richards