In the aftermath of the Civil War, contemporary narratives about the American South pointed to the perceived lack of industrial development in the region to explain why the Confederacy succumbed to the Union. Even after the cliometric revolution of the 1970s, when historians first began applying statistical analysis to reexamine antebellum manufacturing output, the pervasive belief in the region’s backward-ness prompted many scholars to view slavery, not industry, as the economic engine of the South. In Industrial Development and Manufacturing in the Antebellum Gulf South, historian Michael S. Frawley engages a wide variety of sources—including United States census data, which many historians have underutilized when gauging economic growth in the prewar South—to show how industrial development in the region has been systematically minimized by scholars. In doing so, Frawley reconsiders factors related to industrial production in the prewar South, such as the availability of natural resources, transportation, markets, labor, and capital. He contends that the Gulf South was far more industrialized and modern than suggested by census records, economic historians like Fred Bateman and Thomas Weiss, and contemporary travel writers such as Frederick Law Olmsted. Frawley situates the prewar South firmly in a varied and widespread industrial context, contesting the assumption that slavery inhibited industry in the region and that this lack of economic diversity ultimately prevented the Confederacy from waging a successful war. Though southern manufacturing firms could not match the output of northern states, Industrial Development and Manufacturing in the Antebellum Gulf South proves that such entities had established themselves as vital forces in the southern economy on the eve of the Civil War.

This volume focuses on the role of the private sector in diversifying the economics of Gulf countries in the post-petrodollar era, when fluctuating and declining oil prices are negatively impacting national expenditures. It explores current policies of countries in the Gulf Cooperation Council and their efforts to shift their economies away from heavy dependence on hydrocarbons. The structural changes will create favorable conditions for the private sector to flourish, shift production dependence from public to private sector, and allow for more efficient resource allocation. Such changes will also allow local banks to provide financial support to small and medium enterprises, boost entrepreneurship for job creation, and strengthen organizational structure and efficiency. This is the first volume in Economic Diversification in the Gulf Region.

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.

In the aftermath of the Civil War, contemporary narratives about the American South pointed to the perceived lack of industrial development in the region to explain why the Confederacy succumbed to the Union. Even after the cliometric revolution of the 1970s, when historians first began applying statistical analysis to reexamine antebellum manufacturing output, the pervasive belief in the region’s backward-ness prompted many scholars to view slavery, not industry, as the economic engine of the South. In Industrial Development and Manufacturing in the Antebellum Gulf South, historian Michael S. Frawley engages a wide variety of sources—including United States census data, which many historians have underutilized when gauging economic growth in the prewar South—to show how industrial development in the region has been systematically minimized by scholars. In doing so, Frawley reconsiders factors related to industrial production in the prewar South, such as the availability of natural resources, transportation, markets, labor, and capital. He contends that the Gulf South was far more industrialized and modern than suggested by census records, economic historians like Fred Bateman and Thomas Weiss, and contemporary travel writers such as Frederick Law Olmsted. Frawley situates the prewar South firmly in a varied and widespread industrial context, contesting the assumption that slavery inhibited industry in the region and that this lack of economic diversity ultimately prevented the Confederacy from waging a successful war. Though southern manufacturing firms could not match the output of northern states, Industrial Development and Manufacturing in the Antebellum Gulf South proves that such entities had established themselves as vital forces in the southern economy on the eve of the Civil War.

This book analyzes the recent development of Gulf capitalism through to the aftermath of the 2008 economic crisis. Situating the Gulf within the evolution of capitalism at a global scale, it presents a novel theoretical interpretation of this important region of the Middle East political economy.

This volume explores the challenges to diversification in Gulf countries, which can no longer rely on profits from hydrocarbons to fund national expenditures. It elaborates on the problem of weak institutions, lack of coordination between policy makers and executors, limited investment in research and development, and a workforce that is too poorly skilled to compete in the private sector. In addition to analyzing issues in areas such as education, labor, business, and trade, the contributors underscore the importance of using global best practices to overcome fundamental weaknesses in the Gulf Cooperative Council's economic structure that limit opportunities for economic diversification. This is the second volume in Economic Diversification in the Gulf Region.

Research completed January 1993.