Download Capitalism and Class in the Gulf Arab States by Adam Hanieh PDF

By Adam Hanieh

Retail quality

The six Arab states of the Gulf Cooperation Council (GCC) play an more and more admired function within the international economic system and through the broader heart East area. This e-book analyzes the new improvement of Gulf capitalism via to the aftermath of the 2008 financial trouble. Situating the Gulf in the evolution of capitalism at a world scale, it provides a singular theoretical interpretation of this crucial zone of the center East political financial system. observed through an intensive empirical research of all sectors of the GCC financial system, the publication argues new capitalist type, Khaleeji Capital, is forming within the Gulf - with profound implications for the center East as a complete.

Show description

Read Online or Download Capitalism and Class in the Gulf Arab States PDF

Best capitalism books

The Age of Austerity: How Scarcity Will Remake American Politics

Certainly one of our such a lot prescient political observers offers a sobering account of ways pitched battles over scarce assets will more and more outline American politics within the coming years—and how we'd stay away from, or at the least mitigate, the wear and tear from those ideological and financial battles.
In a question of simply 3 years, a sour fight over constrained assets has enveloped political discourse at each point within the usa. Fights among haves and have-nots over overall healthiness care, unemployment merits, investment for personal loan write-downs, financial stimulus legislation—and, on the neighborhood point, over cuts in police defense, rubbish assortment, and within the variety of teachers—have ruled the talk. Elected officers are being compelled to make zero-sum choices—or worse, offerings without winners.
Resource pageant among Democrats and Republicans has left both sides made up our minds to guard what it has on the rate of the opposite. the main problems with the following few years—long-term deficit relief; entitlement reform, particularly of Social safety, Medicare, and Medicaid; significant cuts in security spending; and hassle in financing a continuation of yankee overseas involvement—suggest that your-gain-is-my-loss politics will necessarily accentuate.

Zombie Politics and Culture in the Age of Casino Capitalism (Popular Culture and Everyday Life)

Zombie Politics and tradition within the Age of on line casino Capitalism capitalizes upon the recognition of zombies, exploring the relevance of the metaphor they supply for interpreting the political and pedagogical stipulations that experience produced a transforming into tradition of sadism, cruelty, disposability, and demise in the US.

Capitalism and Sport: Politics, Protest, People and Play

Hundreds of thousands of operating classification humans watch or perform activities, and but recreation is formed by means of the drives and contradictions of capitalism.

The essays during this assortment specialize in the politics of, and politics in, activity. they appear on the origins of recreation rules, the influence of globalisation and where of person and collective resistance.

Covering matters comparable to racism, doping, sexism, fan pursuits and nice figures from Muhammad Ali to Billie Jean King to Palestinian footballer Mahmoud Sarsak, this can be a radical trip via carrying historical past.

The Case for Legalizing Capitalism

What's the "American system" of economics? most folks could say it's capitalism, which thereby merits all fault whilst whatever is going improper. good, Kel Kelly responds to this fantasy during this fast moving and darn-near entire remedy of the reality concerning the unfastened marketplace and intervention.

Additional info for Capitalism and Class in the Gulf Arab States

Sample text

The first section (Chapters 2 and 3) maps the initial process of class formation in the Gulf. Framed around the concepts of internationalization and financialization, Chapter 2 explores the political economy of postwar global capitalism from the end of World War Two until the early 1990s, with a view to understanding how the tendencies underlying the development of the global economy were reflected in the nature of class formation in the GCC. It concretely traces the successive deepening of capital’s internationalization through this period, focusing in particular on the continuous expansion of accumulation, the intermeshing of production and consumption across the globe, and the growing significance of finance.

Each of the GCC circuits of capital is explored with a view to understanding how accumulation takes place, who controls it, and where it is located. The focus is on understanding the pan-GCC nature of accumulation rather than attempting to present a comprehensive account of the political economy of each individual GCC state. Chapter 5 confirms the development of Khaleeji Capital within the GCC—an emerging capitalist class closely imbricated with the pronounced internationalization trends of each of the Gulf circuits.

By 1973, the leading economies had decided to end the adjustable-peg exchange-rate system and replace it by a system of floating exchange rates (formalized in 1976 when the IMF’s Articles of Agreements were amended to legalize the new system). indd 41 5/5/2011 3:04:07 PM 42 ● Capitalism and Class in the Gulf Arab States dramatically. Moreover, the removal of the convertibility constraint increased the capacities of central banks to fuel growth in liquidity, thus further stimulating financialization.

Download PDF sample

Rated 4.60 of 5 – based on 44 votes