LEADER 04032nam 2200685 450 001 9910828708103321 005 20200520144314.0 010 $a1-5017-0033-2 010 $a1-5017-0034-0 024 7 $a10.7591/9781501700347 035 $a(CKB)3710000000462632 035 $a(SSID)ssj0001529499 035 $a(PQKBManifestationID)12494041 035 $a(PQKBTitleCode)TC0001529499 035 $a(PQKBWorkID)11523250 035 $a(PQKB)11728863 035 $a(DE-B1597)480123 035 $a(OCoLC)979584937 035 $a(DE-B1597)9781501700347 035 $a(OCoLC)1159195997 035 $a(MdBmJHUP)muse58236 035 $a(Au-PeEL)EBL3425970 035 $a(CaPaEBR)ebr11081722 035 $a(CaONFJC)MIL822033 035 $a(OCoLC)646215411 035 $a(MiAaPQ)EBC3425970 035 $a(EXLCZ)993710000000462632 100 $a19970109d1997 uy| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe price of wealth $eeconomies and institutions in the Middle East /$fKiren Aziz Chaudhry 210 1$aIthaca :$cCornell University Press,$d1997. 215 $a1 online resource (351 pages) $cillustrations 225 1 $aCornell studies in political economy 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-8014-8430-8 311 $a0-8014-3164-6 320 $aIncludes bibliographical references and index. 327 $tFrontmatter -- $tContents -- $tAcknowledgments -- $tGlossary of Saudi Archival Documents -- $t1. Oil and Labor Exporters in the International Economy -- $tI. Institutional Origins in Isolation -- $t2. The National Market Unified -- $t3. Taxation and Economic Fragmentation -- $tII. The Boom -- $t4. The Business of the Bureaucracy -- $t5. Migrants and Magnates -- $t6. Informal and Formal Banking -- $tIII. The Bust -- $t7. Beyond the Paradox of Autonomy -- $t8. Worlds within the Third World -- $tIndex 330 $aThe emerging consensus that institutions shape political and economic outcomes has produced few theories of institutional change and no defensible theory of institutional origination. Kiren Aziz Chaudhry shows how state and market institutions are created and transformed in Saudi Arabia and Yemen, two countries that typify labor and oil exporters in the developing worlds. In a world where the international economy dramatically affects domestic developments, the question of where institutions come from becomes at once more urgent and more complex. In both Saudi Arabia and Yemen, fundamental state and market institutions forged during a period of isolation at the end of World War I were destroyed and reshaped not once but three times in response to exogenous shocks. Comparing boom-bust cycles, Chaudhry exposes the alternating social and organizational origins of institutions, arguing that both broad changes in the international economy and specific forms of international integration shape institutional outcomes. Labor and oil exporters thus experience identical economic cycles but generate radically different state, market, and financial institutions in response to different resource flows. Chaudhry supplemented years of field work in Saudi Arabia and Yemen with extensive analysis of previously unavailable materials in the Saudi national archives. 410 0$aCornell studies in political economy. 606 $aPOLITICAL SCIENCE / Political Economy$2bisacsh 607 $aSaudi Arabia$xEconomic policy 607 $aYemen (Republic)$xEconomic policy 607 $aMiddle East$xEconomic conditions 607 $aSaudi Arabia$xPolitics and government 607 $aYemen (Republic)$xPolitics and government 615 7$aPOLITICAL SCIENCE / Political Economy. 676 $a338.953 700 $aChaudhry$b Kiren Aziz$0673412 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910828708103321 996 $aThe price of wealth$93959631 997 $aUNINA