How capitalism failed the Arab world : the economic roots and precarious future of the Middle East uprisings / / Richard Javad Heydarian ; with a foreword by Walden Bello

• Record Nr.: UNINA9910464877303321
• Autore: Heydarian Richard Javad
• Pubbl/distr/stampa: London : , : Zed Books, , [2014]; ©2014
• ISBN: 1-78032-960-1; 1-78032-959-8
• Descrizione fisica: 1 online resource (226 p.)
• Collana: Economic controversies
• Disciplina: 226
• Soggetti: Capitalism - Arab countries; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Front cover; Economic Controversies; About the author; Title; Copyright; Contents; Figures and tables; Acknowledgements; Abbreviations; Foreword by Walden Bello; 1 A brave new Middle East: the birth of a new era; Arab exceptionalism; Table 1.1 The Arab world's dismal political record; The new awakening; The age of the unthinkable; Revolutions and economic crises; 2 The anti-development state: economic origins of Arab upheavals; An ocean of broken vows; Kemalism and its discontents; Taking on the West; The grand disappointment; The development debacle; The rentier state; The path to disaster; 3 The advent of economic globalization: a prelude to crisisTransforming the global South; The demographic conundrum; 4 The Great Recession: the collapse of Arab crony capitalism; The impact on the Arab world; Table 4.1 Average GDP growth in MENA; 4.1 Merchandise exports of selected MENA countries; 4.2 Current account balance as percentage of GDP; Food insecurity and protests; So what's next?; 5 The new power brokers: political Islam and the Arab summer; The evolution of political Islam; From the peripheries to the core; 5.1 Declining foreign investment during the revolution; 5.2 Rising budget deficits in post-revolution statesTable 5.1 Egypt: selected economic indicators; Table 5.2 Morocco: selected economic indicators; Table 5.3 Tunisia: selected economic indicators; Any solution in store?; 6 Gulf exceptionalism: how the monarchies have reshaped the Arab Spring; The counter-revolution; Table 6.1 GCC key economic indicators; 7 Peering into the abyss: the Arab Spring at the crossroads; Back to Year Zero; The slow-motion death of a nation; The reign of terror; 7.1 Breakdown of external aid to ATCs and Jordan; 8 Where do we go from here? Finding the true path to an Arab SpringThe developmental state deficit; Table 8.1 Main characteristics of the region; Notes; References; Index; Back cover
• Sommario/riassunto: Economic liberalization has failed in the Arab world. Instead of precipitating democratic reform, it has over the last three decades resulted in greater poverty, inequality and unemployment. In How Capitalism Failed the Arab World, Richard Javad Heydarian shows how years of economic mismanagement, political autocracy and corruption have encouraged people to revolt, and how the initial optimism of the uprisings is now giving way to bitter power struggles and continued economic stagnation.