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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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Crony Capitalism in the Middle East - Business and Politics from Liberalization to the Arab Spring (Hardcover)
Loot Price: R2,739
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Crony Capitalism in the Middle East - Business and Politics from Liberalization to the Arab Spring (Hardcover)
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The popular uprisings in 2011 that overthrew Arab dictators were
also a rebuke to crony capitalism, diverted against both rulers and
their allied businessmen who monopolize all economic opportunities.
While the Middle East has witnessed a growing nexus between
business and politics in the wake of liberalization, little is
discussed about the nature of business cronies, the sectors in
which they operate, the mechanisms used to favour them, and the
possible impact of such crony relations on the region's
development. Combining inputs from leading scholars in the field,
Crony Capitalism in the Middle East: Business and Politics from
Liberalization to the Arab Spring presents a wealth of empirical
evidence on the form and function of this aspect of the region.
Crony Capitalism in the Middle East is unique in both its empirical
focus and comparative scale. Analysis in individual chapters is
empirically grounded and based on fine-grained data on the business
activities of politically connected actors furnishing, for the
first time, information on the presence, numerical strength, and
activities of politically connected entrepreneurs. It also
substantially enhances our understanding of the mechanisms used to
privilege connected businesses, and their possible impact on
undermining the growth of firms in the region. It offers a major
advance on our prior knowledge of Middle Eastern political economy,
and constitutes a distinct contribution to the global literature on
crony capitalism and the politics of development. The book will be
an essential resource for students, researchers, and policymakers
alike.
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