By Alan Richards
Documents the various adjustments in demography, schooling, hard work markets, urbanization, water and agriculture, and overseas hard work migration within the center East in contemporary years;
Considers the impact of emerging oil costs on reinforcement of authoritarian governance within the region;
Refines its review of the Washington Consensus” to supply a extra nuanced method of the difficulty of the moving stability of nation and marketplace in monetary progress and reform;
Presents Islamism as a necessary strength within the sector that's still an enormous, diversified social circulate with many conflicting participants;
Explores the influence of the Arab Spring and next occasions to the problems raised through the textbook in a totally new chapter.
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Additional resources for A Political Economy of the Middle East: Third Edition, UPDATED 2013 EDITION
To say that the average annual income in Egypt is US$1,000 evokes the image of an American buying only US$1,000 worth of goods in a year. In fact, however, an Egyptian with the equivalent of this dollar sum, when converted at the official exchange rate, would be able to buy more goods and services than the American. , wheat, cars, textiles) is typically much lower in LDCs than in developed countries (DCs). 1). Even if Egyptians spent the same percentage of their income on nontradable goods as Americans (which is unlikely, given the relative prices), the Egyptians’ purchasing power relative to the Americans’ would be understated by using official exchange rates to compare them (Kravis, Heston, and Summers 1978).
In this new edition, we have treated the phenomenon as a vast, diverse social movement, with many conflicting participants. It is essential for readers to understand this diversity, since it is highly likely that Islamism will continue to play a vital role in the region’s future. It is not, of course, the only political force in the region. But increasingly, many people look to this movement as they attempt to make sense out of the bewildering, disorienting interaction of the two great games being played out all around them.
In the midst of these tensions and conflicts, rapidly growing populations must be fed, educated, and employed, water conserved, agricultural productivity increased, industrialization promoted, universities founded and expanded, technology acquired, armed forces trained and equipped, and some semblance of political order maintained. These are the issues with which we are concerned, and we address them through the lenses of political economy. What we have in mind is the formulation of public policies that determine the allocation of resources within societies and their political consequences.
A Political Economy of the Middle East: Third Edition, UPDATED 2013 EDITION by Alan Richards