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Author: David Cowan
Publisher: Springer
ISBN: 3319747096
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
The kingdom of Saudi Arabia is at a crossroads economically, and faces the challenge of a weakening economy that could implode before 2030, the year set as a timetable by the kingdom in its Vision 2030. How it navigates its way out of these economic troubles demands understanding a complex of religious, political and economic factors, which currently makes it one of the most unpredictable states in the world and, by the same token, one of the most fascinating. The problem of the Saudi economy cannot simply be argued economically, it needs political and religious solutions as well. Cowan takes a behavioural approach to analysing the Saudi economy. Predicting an implosion under the weight of its own ideologically-fuelled economy if it does not reset its agenda, this interdisciplinary book provides important insights into Saudi Arabia's position in the Islamic world and global economy.
Author: David Cowan
Publisher: Springer
ISBN: 3319747096
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
The kingdom of Saudi Arabia is at a crossroads economically, and faces the challenge of a weakening economy that could implode before 2030, the year set as a timetable by the kingdom in its Vision 2030. How it navigates its way out of these economic troubles demands understanding a complex of religious, political and economic factors, which currently makes it one of the most unpredictable states in the world and, by the same token, one of the most fascinating. The problem of the Saudi economy cannot simply be argued economically, it needs political and religious solutions as well. Cowan takes a behavioural approach to analysing the Saudi economy. Predicting an implosion under the weight of its own ideologically-fuelled economy if it does not reset its agenda, this interdisciplinary book provides important insights into Saudi Arabia's position in the Islamic world and global economy.
Author: Bernard Haykel
Publisher: Cambridge University Press
ISBN: 1316194191
Category : Political Science
Languages : en
Pages : 361
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Book Description
Making sense of Saudi Arabia is crucially important today. The kingdom's western province contains the heart of Islam, and it is the United States' closest Arab ally and the largest producer of oil in the world. However, the country is undergoing rapid change: its aged leadership is ceding power to a new generation, and its society, dominated by young people, is restive. Saudi Arabia has long remained closed to foreign scholars, with a select few academics allowed into the kingdom over the past decade. This book presents the fruits of their research as well as those of the most prominent Saudi academics in the field. This volume focuses on different sectors of Saudi society and examines how the changes of the past few decades have affected each. It reflects new insights and provides the most up-to-date research on the country's social, cultural, economic and political dynamics.
Author: Christopher Michael Davidson
Publisher: Oxford University Press
ISBN: 019024450X
Category : Political Science
Languages : en
Pages : 317
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Book Description
Noted Gulf expert Christopher Davidson contends that the collapse of these kings, emirs, and sultans is going to happen, and was always going to.
Author: Ahmed Al Rajhi
Publisher: Routledge
ISBN: 1136132821
Category : Business & Economics
Languages : en
Pages : 210
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Book Description
The changing political situation in the Middle East poses challenges for the economies of the region, and some see none more vulnerable to collapse than Saudi Arabia's. Yet as this study demonstrates, the fundamentals of the Kingdom's economy are relatively robust, as over three quarters of GDP is accounted for by the non-oil sector, and impressive modern industries have been established, notably in petrochemicals. The financial system functions well, and despite substantial government debts, there is low inflation and currency stability. The private sector increasingly drives the economy, although job creation has been insufficient to prevent rising youth unemployment. The development challenges Saudi Arabia faces are similar to those of other middle-income countries, and three decades of diversification have made the economy less unique than it was in the oil boom years of the 1970s.
Author: Mr.Ayhan Kose
Publisher: International Monetary Fund
ISBN: 1513570021
Category : Business & Economics
Languages : en
Pages : 307
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Book Description
As the debates about the recent global recession and the subsequent recovery have clearly shown, our understanding of these questions has been very limited. This comprehensive text puts the latest global recession and ongoing recovery in perspective. With the support of a companion website and DVD, we have created several multimedia tools to help understand the basics.
Author: Stephen Glain
Publisher: Macmillan
ISBN: 1466873574
Category : History
Languages : en
Pages : 388
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Book Description
A thousand years ago, a vast Arab empire stretched from the Asian steppe across the Mediterranean to Spain, pioneering new technologies, sciences, art and culture. Arab traders and Arab currencies dominated the global economy in ways Western multinationals and the dollar do today. A thousand years later, Arab states are in decay. Official corruption and ineptitude have eroded state authority and created a vacuum that militant Islam has rushed to fill. In Mullahs, Merchants, and Militants, Glain takes us on a journey through the heart of what were once the great Islamic caliphates, the countries now known as Lebanon, Syria, Jordan, Israel/Palestine, Iraq and Egypt, to illustrate how a once prosperous and enlightened civilization finds itself at a crossroads between a Dark Age and a New Dawn. As late as a century ago, what we call the Levant was a prosperous trading bloc. By carving the region into proxy states and emirates after the First World War, the Western powers Balkanized and undermined the Levantine economy. That in turn prepared the ground for a regional autocracy that rejected economic openness and religious tolerance, qualities that had made the old Islamic caliphates great. Today the Arab world has opted out of the global economy, with tragic consequences. It is up to the new generation of leaders -- and the Western governments that created the modern Middle East -- to reverse the sclerosis and revive the region.
Author: Matthew R. Simmons
Publisher: Wiley + ORM
ISBN: 111804052X
Category : Business & Economics
Languages : en
Pages : 500
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Book Description
Twilight in the Desert reveals a Saudi oil and production industry that could soon approach a serious, irreversible decline. In this exhaustively researched book, veteran oil industry analyst Matthew Simmons draws on his three-plus decades of insider experience and more than 200 independently produced reports about Saudi petroleum resources and production operations. He uncovers a story about Saudi Arabias troubled oil industry, not to mention its political and societal instability, which differs sharply from the globally accepted Saudi version. Its a story that is provocative and disturbing, based on undeniable facts, but until now never told in its entirety. Twilight in the Desert answers all readers questions about Saudi oil and production industries with keen examination instead of unsubstantiated posturing, and takes its place as one of the most important books of this still-young century.
Author: Stephen Leeb
Publisher: Business Plus
ISBN: 0759567220
Category : Business & Economics
Languages : en
Pages : 180
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Book Description
In this incredibly timely book,renowned economist Stephen Leeb shows how surging oilprices will contribute to a huge economic collapse bysoaring to over $100, and perhaps $200, a barrel- andtells how you can avoid the pitfalls of the upcomingcrisis.
Author: Martin Beck
Publisher: Manchester University Press
ISBN: 1526149087
Category : Political Science
Languages : en
Pages : 205
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Book Description
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.
Author: Yegor Gaidar
Publisher: Rowman & Littlefield
ISBN: 0815731159
Category : Political Science
Languages : en
Pages : 354
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Book Description
"My goal is to show the reader that the Soviet political and economic system was unstable by its very nature. It was just a question of when and how it would collapse...." —From the Introduction to Collapse of an Empire The Soviet Union was an empire in many senses of the word—a vast mix of far-flung regions and accidental citizens by way of conquest or annexation. Typical of such empires, it was built on shaky foundations. That instability made its demise inevitable, asserts Yegor Gaidar, former prime minister of Russia and architect of the "shock therapy" economic reforms of the 1990s. Yet a growing desire to return to the glory days of empire is pushing today's Russia backward into many of the same traps that made the Soviet Union untenable. In this important new book, Gaidar clearly illustrates why Russian nostalgia for empire is dangerous and ill-fated: "Dreams of returning to another era are illusory. Attempts to do so will lead to defeat." Gaidar uses world history, the Soviet experience, and economic analysis to demonstrate why swimming against this tide of history would be a huge mistake. The USSR sowed the seeds of its own economic destruction, and Gaidar worries that Russia is repeating some of those mistakes. Once again, for example, the nation is putting too many eggs into one basket, leaving the nation vulnerable to fluctuations in the energy market. The Soviets had used revenues from energy sales to prop up struggling sectors such as agriculture, which was so thoroughly ravaged by hyperindustrialization that the Soviet Union became a net importer of food. When oil prices dropped in the 1980s, that revenue stream diminished, and dependent sectors suffered heavily. Although strategies requiring austerity or sacrifice can be politically difficult, Russia needs to prepare for such downturns and restrain spending during prosperous times. Collapse of an Empire shows why it is imperative to fix the roof before it starts to rain, and why so
