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Political economy and development

Eibl, Ferdinand, Hatab, Shimaa and Hertog, Steffen ORCID: 0000-0002-6758-9564 (2022) Political economy and development. In: Lynch, Marc, Schwedler, Jillian and Yom, Sean, (eds.) The Political Science of the Middle East: Theory and Research Since the Arab Uprisings. Oxford University Press, Oxford, UK, 132 - 155. ISBN 9780197640043

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Identification Number: 10.1093/oso/9780197640043.003.0006

Abstract

The MENA region has long presented abundant puzzles for theories of comparative political economy, from high inequality to the seemingly paradoxical effects of oil wealth. The events of the past decade, however, have catalyzed a momentous rethinking in how political institutions and economic development affect one another, making the region a testing ground for new ideas. For instance, contemporary underdevelopment may be path-dependent, the result of centuries-old legal structures and other distant historical causes. Moreover, debates about the role of the state and welfare policies boil down not just to material distributions but to political trade-offs reflecting authoritarian commitments as well—something especially prevalent with the rise of crony capitalism. Finally, the problem of rentier wealth continues to undercut popular assumptions: oil-rich states have not succumbed to instability and conflict as predicted by many political scientists, but their social demands and institutional complexities have also immensely grown.

Item Type: Book Section
Official URL: https://global.oup.com/academic/product/the-politi...
Additional Information: © 2022 Oxford University Press
Divisions: Middle East Centre
Government
Subjects: J Political Science > JC Political theory
H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
Date Deposited: 03 Jan 2023 15:54
Last Modified: 16 May 2024 05:58
URI: http://eprints.lse.ac.uk/id/eprint/117684

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