Karen Young
The Economic Statecraft of the Gulf Arab States: Deploying Aid, Investment and Development Across the MENAP
The Economic Statecraft of the Gulf Arab States: Deploying Aid, Investment and Development Across the MENAP
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- More about The Economic Statecraft of the Gulf Arab States: Deploying Aid, Investment and Development Across the MENAP
This book examines the shift in development politics and finance from post-WWII global political economy to South-South economic ties and authoritarian state capitalism, focusing on Gulf Arab states' economic statecraft and its impact on the Middle East, Horn of Africa, and West Asia. It highlights the distinct institutional designs and ideological bases of these new models of development finance, aid, and intervention, with a strategic preference for state-led and state-owned development in the energy sector.
Format: Paperback / softback
Length: 192 pages
Publication date: 26 January 2023
Publisher: Bloomsbury Publishing PLC
This book examines a significant shift in the politics and finance of development, moving from a post-World War II global political economy-centered approach to the emergence of South-South economic ties and the rise of authoritarian or state capitalism as an alternative model of development. The focus of this study is on the economic statecraft of the Gulf Arab states, particularly their deployment of aid, investment, and direct support to their surrounding sphere of influence within the Middle East, Horn of Africa, and West Asia. These new models of development finance, aid, and intervention involve distinct institutional designs and ideological bases. For the United Arab Emirates, Saudi Arabia, and Qatar, the preference for state-led and often state-owned development is a strategic priority in the energy sector, serving as a mechanism for domestic economic growth and consolidation of wealth among leadership and ruling families. Exporting this agenda as a foreign economic policy tool not only retains domestic benefits but also reinforces broader regional political goals.
Weight: 254g
Dimension: 215 x 138 x 16 (mm)
ISBN-13: 9780755646661
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