Political Economy of the Persian Gulf

Hardcover | April 10, 2012

EditorKamrava, Mehran

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Change occurs rapidly in the Persian Gulf. While some states have capitalised on the fast-paced nature of globalised fiscal transactions and have become important markets for foreign investment, others have fallen victim to such speculations. The "Dubai Model" of economic diversification isbeing re-evaluated as the GCC states continue to seek the best means of organizing their economies and competing within the global order.Explaining the different ways in which globalising forces have shaped new dimensions to the political economy of the Persian Gulf states, this book evaluates the changes that have occurred, especially in light of the ongoing global economic crisis. Mutually beneficial rentier arrangements haveguided the GCC countries formation of oil-based economies and labor relations in the past, but will this necessarily be the case in the future? This book addresses key issues including discussion on the future demographic aspects of the GCC; the feasibility of establishing a GCC monetary union; theeffects of rentierism on state autonomy; and analysis of sovereign wealth funds and Islamic banking models.

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Change occurs rapidly in the Persian Gulf. While some states have capitalised on the fast-paced nature of globalised fiscal transactions and have become important markets for foreign investment, others have fallen victim to such speculations. The "Dubai Model" of economic diversification isbeing re-evaluated as the GCC states continue ...

Mehran Kamrava is the Director of the Center for International and Regional Studies at Georgetown University in Qatar. He is the author of a number of journal articles and books, including, most recently, The Modern Middle East: A Political History Since the First World War, and Iran's Intellectual Revolution. He has also edited The N...

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Format:HardcoverDimensions:276 pages, 5.91 × 8.58 × 1.1 inPublished:April 10, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199327793

ISBN - 13:9780199327799

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