Crony Capitalism in the Middle East
Business and Politics from Liberalization to the Arab Spring
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Product details:
- Publisher OUP Oxford
- Date of Publication 28 May 2019
- ISBN 9780198799870
- Binding Hardback
- No. of pages464 pages
- Size 241x165x32 mm
- Weight 846 g
- Language English 0
Categories
Short description:
This volume provides new perspectives on crony capitalism in the Middle East. It draws on rich empirical information on the activities of political connected firms in the economy and their impact on private sector development in the region.
MoreLong description:
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.
...important collection
Table of Contents:
Introduction: Crony Capitalism in the Middle East: What Do We Know and Why Does it Matter?
Is There an Arab Variety of Capitalism?
Part I: Impact of cronyism on growth
Pyramid Capitalism: Evidence from Egypt
Anatolian Tigers and the Emergence of the Devout Bourgeoisie in the Turkish Manufacturing Industry
Clienntelism, Cronyism, and Job Creation in Lebanon
Moroccan Cronyism: Facts, Mechanisms and Impact
Part II: Mechanisms of privilege
How Do Dictators Get Rich? State Capture in Ben Ali's Tunisia
The Politics of Trade Protection in North Africa
Political Connections and Public Procurement in Turkey
Boundaries of Protectionism: Ethnic Politics and Crony Capitalism in Jordan
Part III: Financial markets and cronyism
Elections and Economic Cycles: What Can We Learn from the Recent Turkish Experience?
Crony Interlockers and the Centrality of Banks in Morocco
I've got the Power: Mapping Connections between Lebanon's Banking Sector and the Ruling Class.
State and Capital Markets in the Middle East
Iran's Commanding Heights: Conglomerate Ownership in the Islamic Republic
Postface
The Future of the Private Sector in an Age of Uncertainty