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Oil and the Political Economy in the Middle East - Post-2014 Adjustment Policies of the Arab Gulf and Beyond (Paperback)
Loot Price: R785
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Oil and the Political Economy in the Middle East - Post-2014 Adjustment Policies of the Arab Gulf and Beyond (Paperback)
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The downhill slide in the global price of crude oil in 2014 had
major repercussions across the Middle East. 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 provides constraints and 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 that 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, to
Egypt, Jordan, and Lebanon, who have never been able to benefit
from the 2014 oil price decline. With timely contributions on the
COVID-19-induced oil price crash in 2020, this collection shows
that rentierism still prevails. -- .
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