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Since the oil boom of the 1970s, the Gulf Cooperation Council States have attempted to achieve economic stability and realise their development goals. Such efforts have so far been in vain, however, as these states' autocratic governments have closed off their political systems with the support of international allies, especially the United States. In this timely and exhaustive analysis of the political economies of the GCC since the 1970s to the present, Yousef Khalifa Al-Yousef examines the factors responsible for the failure of the states to achieve lasting change in development and…mehr
Since the oil boom of the 1970s, the Gulf Cooperation Council States have attempted to achieve economic stability and realise their development goals. Such efforts have so far been in vain, however, as these states' autocratic governments have closed off their political systems with the support of international allies, especially the United States. In this timely and exhaustive analysis of the political economies of the GCC since the 1970s to the present, Yousef Khalifa Al-Yousef examines the factors responsible for the failure of the states to achieve lasting change in development and security. Focusing on institutional structures where oil wealth has been confined to the few, and the consequences of failed legitimacy at home that has led to dependence on foreign powers, Al-Yousef charts the consistent disparities between governance and the needs of the local population, to the detriment of genuine development.Al-Yousef concludes that the only way to ensure stability and growth in the region is to dismantle the alliance of autocracy, oil and foreign powers. Instead, democracy and reform are key to ensuring stability in the region.
Dr Yousef Khalifa Al-Yousef is an eminent political scientist specialising in the international economics of the Gulf States. He was a professor at the United Arab Emirates University between 1989 and 2007, and is currently director of Darussalam.ae website. He earned his DPhil at Essex University, UK, and his MAs in Applied Economics and in Near Eastern and North African Studies from the University of Michigan, US. The author of numerous papers and books on the political economy of the GCC States, this is his first thesis to be available in English.
Inhaltsangabe
Executive Summary9 Introduction17 Part I: The Harvest of Autocracy19 Chapter One The Hereditary Succession System21 Chapter Two Arab-Islamic Culture37 Chapter Three The Elites48 Chapter Four Institutions62 Part II: Oil Policies93 Chapter Five Discovery and Exploration95 Chapter Six Pricing and Production112 Part III: Development Policies123 Chapter Seven Diversification of Economic Structures125 Chapter Eight Human Resource Development137 Chapter Nine Private Sector Development151 Chapter Ten Foreign Investments and Aid169 Chapter Eleven Oil and Corruption176 Part IV: Security Policies191 Chapter Twelve The Gulf as an Oil Reservoir195 Chapter Thirteen The Neighbouring Countries200 Chapter Fourteen Iran's Nuclear Reactor232 Part V: Towards a Better Future245 Chapter Fifteen Repercussions of the Arab Spring249 Chapter Sixteen Domestic Reform281 Chapter Seventeen Gulf Unity298 Chapter Eighteen Joint Arab Action317 Chapter Nineteen Effective Participation in International Organisations330 Conclusion337 Notes341 Bibliography377 Index401
Executive Summary9 Introduction17 Part I: The Harvest of Autocracy19 Chapter One The Hereditary Succession System21 Chapter Two Arab-Islamic Culture37 Chapter Three The Elites48 Chapter Four Institutions62 Part II: Oil Policies93 Chapter Five Discovery and Exploration95 Chapter Six Pricing and Production112 Part III: Development Policies123 Chapter Seven Diversification of Economic Structures125 Chapter Eight Human Resource Development137 Chapter Nine Private Sector Development151 Chapter Ten Foreign Investments and Aid169 Chapter Eleven Oil and Corruption176 Part IV: Security Policies191 Chapter Twelve The Gulf as an Oil Reservoir195 Chapter Thirteen The Neighbouring Countries200 Chapter Fourteen Iran's Nuclear Reactor232 Part V: Towards a Better Future245 Chapter Fifteen Repercussions of the Arab Spring249 Chapter Sixteen Domestic Reform281 Chapter Seventeen Gulf Unity298 Chapter Eighteen Joint Arab Action317 Chapter Nineteen Effective Participation in International Organisations330 Conclusion337 Notes341 Bibliography377 Index401
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