The downhill slide in the global price of crude oil, which started mid-2014, had major repercussions across the Middle East for net oil exporters, as well as importers closely connected to the oil-producing countries from the Gulf. 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 has continued to impose constraints, but also provided 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 on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The studies 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 but were incapable of repelling burdensome adjustment policies, to Egypt, Jordan, and Lebanon, who have never been able to fulfil the expectation that they could benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy.

This is the first comprehensive analysis of the Middle East political economy in response to the oil price decline in 2014. Based on a heuristic framework inspired by rentierism, the volume contains original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

This study of fundamental aspects of the oil decade examines the influence of oil production, export and revenues on domestic, regional and international relations. It highlights the expansion of higher education in the Arab world, and the increase in demand for industrial and consumer goods.

Oil has been central to regime survival for oil states across the Arabian Peninsula and has been at the heart of their attempts to defuse the wave of Arab revolutions. However, in 2011 revolution hit Libya, the most oil dependent regime in the Middle East. The political storm winds that have swept this region have thrown into doubt the resilience of Arab rentier states, and highlight how the political effects of oil vary across the oil producing countries. Oil States in the New Middle East brings together leading experts to critically assess the centrality of oil and the relevance of Rentier State Theory in light of the post-2011 upheaval across the Middle East and North Africa. It combines overall reflections on the political dynamics in oil states with focused case investigations of individual countries. Taking as its starting point the centrality of oil in explanations of regime survival, the book analyses how the oil states have responded to and fared throughout the Arab popular upheavals, resulting in a critical assessment of the continued relevance of Rentier State Theory. While observers have asked how the uprisings varied between oil and non-oil states, this book turns the comparative focus inward, arguing for a more fine-grained understanding of the political effects of oil in different oil producing countries. This book would be of interest to students and scholars of Middle East, North Africa and Gulf Studies, Oil and Politics, as well as Comparative Politics and International Political Economy.

This book offers the first critical engagement with the political economy of the Middle East and North Africa. Challenging conventional wisdom on the origins and contemporary dynamics of capitalism in the region, these cutting-edge essays demonstrate how critical political economy can illuminate both historical and contemporary dynamics of the region and contribute to wider political economy debates from the vantage point of the Middle East. Leading scholars, representing several disciplines, contribute both thematic and country-specific analyses. Their writings critically examine major issues in political economy—notably, the mutual constitution of states, markets, and classes; the co-constitution of class, race, gender, and other forms of identity; varying modes of capital accumulation and the legal, political, and cultural forms of their regulation; relations among local, national, and global forms of capital, class, and culture; technopolitics; the role of war in the constitution of states and classes; and practices and cultures of domination and resistance. Visit politicaleconomyproject.org for additional media and learning resources.

The Middle East and North Africa (MENA) are in disarray, and shifts in the field of energy have the potential to drastically affect the course of political and economic developments in the region. Declining oil prices, skyrocketing domestic demand, the rise of unconventional oil and natural gas production in North America, as well as shifting patterns of global energy trade all put severe pressures on both producing and importing countries in the MENA region. Policy-makers are facing fundamental challenges in light of the duality of grand transformations in (geo)politics and energy. Changes in the field of energy require substantial political and economic reforms, affecting the very fabric of sociopolitical arrangements. At the same time, the MENA region’s geopolitical volatility makes any such reforms extremely risky. Including contributions by academics and analysts from both inside and outside the MENA region, this volume explores the changes in global and regional energy, the impact of changing international energy dynamics on politics and economies in the MENA region, and the challenges that will result. This is essential reading for researchers, postgraduates, and professionals in Middle Eastern and North African politics, global energy governance and regionalism.

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.