Crony Capitalism in the Middle East

Crony Capitalism in the Middle East
Title Crony Capitalism in the Middle East PDF eBook
Author Ishac Diwan
Publisher
Pages 463
Release 2019
Genre Business & Economics
ISBN 019879987X

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This volume provides new perspectives on crony capitalism in the Middle East. It draws on rich empirical information on the activities of political connected firms in the economy and their impact on private sector development in the region.

Cleft Capitalism

Cleft Capitalism
Title Cleft Capitalism PDF eBook
Author Amr Adly
Publisher Stanford University Press
Pages 396
Release 2020-06-09
Genre History
ISBN 150361221X

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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

Seven Pillars
Title Seven Pillars PDF eBook
Author Michael Rubin
Publisher AEI Press
Pages 178
Release 2019-11-14
Genre Political Science
ISBN 0844750263

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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

Russia's Crony Capitalism
Title Russia's Crony Capitalism PDF eBook
Author Anders Aslund
Publisher Yale University Press
Pages 336
Release 2019-05-23
Genre History
ISBN 030024486X

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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.

How Capitalism Failed the Arab World

How Capitalism Failed the Arab World
Title How Capitalism Failed the Arab World PDF eBook
Author Richard Javad Heydarian
Publisher Bloomsbury Publishing
Pages 226
Release 2014-02-13
Genre Political Science
ISBN 1780329598

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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.

Crony Capitalism

Crony Capitalism
Title Crony Capitalism PDF eBook
Author David C. Kang
Publisher Cambridge University Press
Pages 222
Release 2002-01-24
Genre Business & Economics
ISBN 9780521004084

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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.

A Political Economy of the Middle East

A Political Economy of the Middle East
Title A Political Economy of the Middle East PDF eBook
Author Melani Cammett
Publisher Westview Press
Pages 0
Release 2015-03-17
Genre Political Science
ISBN 9780813349381

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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.