This book is a study of a shift in the politics and finance of development from one centered in the institutions and ideas of the post-World War II global political economy to the emergence of South-South economic ties and the rise of authoritarian or state capitalism as an alternative model of development. This is a study of the economic statecraft of the Gulf Arab states, specifically the deployment of aid, investment, and direct support from some of the wealthiest petrostates of the world to their surrounding sphere of influence within the Middle East, Horn of Africa, and West Asia.
These new models of development finance, aid, and intervention include distinct institutional designs and ideological bases. For the United Arab Emirates, Saudi Arabia, and Qatar, the preference for state-led and often state-owned development is a strategic priority in the energy sector, a mechanism for domestic economic growth and consolidation of wealth among leadership and ruling families. Exporting that agenda as a foreign economic policy tool continues all of the domestic benefits, while also affirming broader regional political goals.
Publisher: Bloomsbury Publishing PLC
ISBN: 9780755646661
Number of pages: 192
Dimensions: 216 x 138 x 16 mm
Weight: 260 g
Language: English
Karen Young explores two issues central to the future of development in the broader Middle East region in this book. First, how Gulf economic statecraft is affecting and will affect the development trajectory of the countries that receive Gulf aid and investment. Second, how the Chinese and Gulf development models and policies in the region both challenge the Washington consensus and compete with each other. The book is a welcome primer to how to understand these key issues. - F. Gregory Gause, Texas A&M University, USA
This meticulously detailed and extraordinarily timely analysis of economic statecraft in the context of the Gulf Arab States sheds valuable light on the political motivations and policy tools that are reshaping patterns of aid, development, and investment strategies across the Middle East and North Africa at a time of enormous volatility and great uncertainty in the global economic and energy landscape. - Kristian Ulrichsen, Rice University, USA
The Passions and the Interests
Enough Is Enough
Bad Samaritans
China's Regulatory State
Growing Apart
Poor Economics
The Rise and Fall of the Great Powers
The White Man's Burden
Fixing Failed States
Remaking the Chinese Leviathan
Reclaiming Development
The World Trade Organization
Portfolios of the Poor
Introduction to Modern Economic Growth
The Dragon's Gift
The Bottom Billion
Please sign in to write a review
Would you like to proceed to the App store to download the Waterstones App?
