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Oil and the political economy in the Middle East

Post-2014 adjustment policies of the Arab Gulf and beyond

Edited by Martin Beck and Thomas Richter

Oil and the political economy in the Middle East
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  • Price: £25.00
  • ISBN: 9781526149091
  • Publish Date: Aug 2021
  • Publisher: Manchester University Press
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    Paperback -
  • Price: £25.00
  • ISBN: 9781526171863
  • Publish Date: May 2023
  • Publisher: Manchester University Press
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    eBook +
  • Price: £25.00
  • ISBN: 9781526149084
  • Publish Date: Aug 2021
  • Publisher: Manchester University Press
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    Book Information

    • Format: Paperback
    • ISBN: 978-1-5261-7186-3
    • Pages: 296
    • Price: £25.00
    • Published Date: May 2023

    Description

    The downhill slide in the global price of crude oil in 2014 had major repercussions across the Middle East. 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 provides constraints and 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 that 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, to Egypt, Jordan, and Lebanon, who have never been able to benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection shows that rentierism still prevails.

    Contents

    1 Pressured by the decreased price of oil: Post-2014 adjustment policies in the Arab Gulf and beyond - Martin Beck and Thomas Richter
    2 Upgrading towards neoclassical rentier governance: Bahrain's post-2014 oil price decline adjustment - Sumaya AlJazeeri
    3 Stalled reform: The resilience of rentierism in Kuwait - Gertjan Hoetjes
    4 Oil price collapse and the political economy of the post-2014 economic adjustment in the Sultanate of Oman - Crystal A. Ennis and Said Al-Saqri
    5 Qatar: Leadership transition, regional crisis, and the imperatives for reform - Matthew Gray
    6 The nexus between state-led economic reform programmes, security, and reputation damage in the Kingdom of Saudi Arabia - Robert Mason
    7 Federal benefits: How federalism encourages economic diversification in the United Arab Emirates - Karen E. Young
    8 Egypt's twisted hydrocarbon dependency: A case of persistent semi-rentierism - Amr Adly
    9 Oil and turmoil: Jordan's adjustment challenges amid local and regional change - Riad al Khouri and Emily Silcock
    10 Lower oil prices since 2014: Good news or bad news for the Lebanese economy? - Mohamad B. Karaki
    11 Oil and political economy in the Middle East: Overcoming rentierism? - Martin Beck and Thomas Richter

    Editors

    Martin Beck is Professor in International Relations and Security Studies at the University of Kurdistan Hêwler (UKH)
    Thomas Richter is Lead Research Fellow at the German Institute for Global and Area Studies (GIGA)

    Oil and the political economy in the Middle East

    Edited by Martin Beck, Thomas Richter

    Paperback £25.00 / $36.95

    Hardcover £90.00 / $130.00

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