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The wave of uprisings that has engulfed the Arab world since 2011 has impacted the Gulf significantly, however much the region appears to have remained unscathed. In Bahrain, the regime cracked down on protestors with the help of Saudi forces, and increasing Gulf tensions with Iran, political chaos in Yemen, and rumblings among unemployed youth throughout the Gulf Cooperation Council (GCC) states all complicate the facade of Gulf stability. In addition, ties with the United States appear to be weakening; regional politics are varied and changing, particularly with the rise of India and China; Gulf governance is often oppressive; and GCC economies are even more tied to rentier practices of distribution to keep populations satisfied and in check.Gulf Politics and Economics in a Changing World addresses these aspects of political and economic life in the GCC, Iran, and Iraq in order to assess the present situation. It also offers analysis and predictions as to what the future of this important area of the greater Middle East may hold. The volume, which features contributions from some of the best scholars in the field of Gulf studies in the United States, the Middle East, Europe, and Asia, provides an in-depth and critical look at the region.
The Persian Gulf has come to represent one of the most strategically significant waterways of the world. In terms of geography, geopolitics, resources, global political economy, and regional influence, the Gulf is perhaps home to the world’s most significant group of countries. Focusing on the complexities of the interplay between domestic-level changes and region-wide interactions, this book presents the reader with the first comprehensive survey of the dynamics of change in this crucial area. Systemic-oriented in its approach, the impact of war and revolution on the countries of the sub-region is discussed, and the ways in which these factors have shaped the security dilemmas and responses of the Gulf States is also explored. The role of oil is examined in terms of the impact of its income on these states and societies, and the manner in which oil has shaped the integration of these states into the global system. Oil has shrunk developmental time in these countries, and has accelerated generational shift. At the same time, it has created the dialectical relationship which now characterizes the difficult balance between prosperity and instability which is at the heart of the sub-region. Casting new light on the workings of a strategically significant part of the international system, this book will be an essential resource for students and scholars of international relations, international security and Middle Eastern politics.
This book examines the political, economic and social transformation of the six member-states of the Gulf Cooperation Council (GCC) and the ways in which these states are both shaping, and being reshaped by, the processes of globalisation. Adopting a multidisciplinary approach, the volume combines thematic chapters focusing on issues such as globalisation, nationalism and identity, political thinking, and economic diversification and redistributive policymaking with empirical chapters studying specific aspects of reform and change: the emergence of governing markets the rise of Sovereign Wealth Funds Islamic Finance the relationship between energy and sustainability trends in foreign aid donorship, strategic and foreign policy formulation. Contributions from experts in the field provide cutting-edge snapshots of a region in flux and collectively offer a roadmap of its repositioning in the global order, examining the interaction between global processes and internal dynamics of change and resistance that inject new dimensions into debates over the loci of local and global transformations and the manner in which each plays off the other. Situating the Gulf States firmly within their global twenty-first century context, this book will hold particular appeal to theorists of globalisation as well as to scholars of comparative politics, international political economy and area studies.
Explores the politics influencing the volatile situation in the Middle East, as well as specific measures devised by regimes in power to adjust to the challenges of the current environment.
From the unification of North and South Yemen, to the struggle for Mahgreb unity, and the experiences of the six-member Gulf Cooperation Council, this book presents a complex portrait of the history and prospects for Arab integration.
This book delves into the economic development of the six Gulf Cooperation Council (GCC) countries. Since the 1960s, the GCC states have harnessed their potential to exploit the wealth accrued from the oil boom to build their infrastructure and grow their economies. However, the high level of dependency on oil as the primary source feeding their output made their economies volatile and vulnerable to fluctuations in the global oil prices. Moreover, the plunge in oil prices and the threat of depletion of this natural resource pose serious challenges to the GCC countries. Consequently, the GCC governments have realized the importance of diversifying their economies following the need to move away from reliance on hydrocarbon. This book contributes to the theoretical literature by enriching the debate on the transition of the GCC countries from rentier states to diversified economies. It helps students and scholars understand this transformation with an expansive comprehension of the contemporary challenges facing the region, as well as outlining prospects for the future.
The Routledge Handbook of Persian Gulf Politics provides a comprehensive and up-to-date analysis of Persian Gulf politics, history, economics, and society. The volume begins its examination of Ottoman rule in the Arabian Peninsula, exploring other dimensions of the region’s history up until and after independence in the 1960s and 1970s. Featuring scholars from a range of disciplines, the book demonstrates how the Persian Gulf’s current, complex politics is a product of interwoven dynamics rooted in historical developments and memories, profound social, cultural, and economic changes underway since the 1980s and the 1990s, and inter-state and international relations among both regional actors and between them and the rest of the world. The book comprises a total of 36 individual chapters divided into the following six sections: Historical Context Society and Culture Economic Development Domestic Politics Regional Security Dynamics The Persian Gulf and the World Examining the Persian Gulf’s increasing importance in regional politics, diplomacy, economics, and security issues, the volume is a valuable resource for scholars, students, and policy makers interested in political science, history, Gulf studies, and the Middle East.
An original and empirically grounded analysis of the Gulf monarchies and their role in shaping the political economy of the Middle East.
Bringing together for the first time distinguished Gulf experts to analyse the renewed geo-economic prominence of the Gulf states, this volume investigates some of the 'new power brokers' in the world economy: the oil-exporting states of the Gulf. The Gulf Cooperation Council's (GCC) members: Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates and Saudi Arabia, collectively have the largest proven oil reserves in the world and are among the world's largest oil-exporting states. Gulf Arab states are actively pursuing a variety of foreign investment strategies. Some of these investments are being managed by sovereign wealth funds, government investment corporations, and government-controlled companies. This renewed geo-economic status has received a lot of media attention but there has been a dearth of academic study on what this shift in global economic power means for the international economic system. This volume aims to fill this gap with a rigorous scholarly analysis based on primary sources and raw economic data. It brings together the expertise of academics who have devoted their career to careful study of the region and of renowned scholars of international political economy.
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.