How Capitalism Failed the Arab World

Author: Richard Javad Heydarian
Publisher: Zed Books Ltd.
ISBN: 1780329601
Category : Political Science
Languages : en
Pages : 268

Book Description
Economic liberalization has failed in the Arab world. Instead of ushering in economic dynamism and precipitating democratic reform, it has over the last three decades resulted in greater poverty, rising income inequality and sky-rocketing rates of youth 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, increasing uncertainty and continued economic stagnation. A unique and provocative analysis of some of the key social and political events of the last decade.

How Capitalism Failed the Arab World

Author: Richard Javad Heydarian
Publisher: Bloomsbury Publishing
ISBN: 1780329598
Category : Political Science
Languages : en
Pages : 226

Cleft Capitalism

Author: Amr Adly
Publisher: Stanford University Press
ISBN: 150361221X
Category : History
Languages : en
Pages : 396

Book Description
Egypt has undergone significant economic liberalization under the auspices of the International Monetary Fund, the World Bank, USAID, and the European Commission. Yet after more than four decades of economic reform, the Egyptian economy still fails to meet popular expectations for inclusive growth, better standards of living, and high-quality employment. While many analysts point to cronyism and corruption, Amr Adly finds the root causes of this stagnation in the underlying social and political conditions of economic development. Cleft Capitalism offers a new explanation for why market-based development can fail to meet expectations: small businesses in Egypt are not growing into medium and larger businesses. The practical outcome of this missing middle syndrome is the continuous erosion of the economic and social privileges once enjoyed by the middle classes and unionized labor, without creating enough winners from market making. This in turn set the stage for alienation, discontent, and, finally, revolt. With this book, Adly uncovers both an institutional explanation for Egypt's failed market making, and sheds light on the key factors of arrested economic development across the Global South.

A Failure of Capitalism

Author: Richard A. Posner
Publisher: Harvard University Press
ISBN: 9780674051294
Category : Business & Economics
Languages : en
Pages : 372

Book Description
The financial and economic crisis that began in 2008 is the most alarming of our lifetime because of the warp-speed at which it is occurring. How could it have happened, especially after all that we've learned from the Great Depression? Why wasn't it anticipated so that remedial steps could be taken to avoid or mitigate it? What can be done to reverse a slide into a full-blown depression? Why have the responses to date of the government and the economics profession been so lackluster? Richard Posner presents a concise and non-technical examination of this mother of all financial disasters and of the, as yet, stumbling efforts to cope with it. No previous acquaintance on the part of the reader with macroeconomics or the theory of finance is presupposed. This is a book for intelligent generalists that will interest specialists as well. Among the facts and causes Posner identifies are: excess savings flowing in from Asia and the reckless lowering of interest rates by the Federal Reserve Board; the relation between executive compensation, short-term profit goals, and risky lending; the housing bubble fuelled by low interest rates, aggressive mortgage marketing, and loose regulations; the low savings rate of American people; and the highly leveraged balance sheets of large financial institutions. Posner analyzes the two basic remedial approaches to the crisis, which correspond to the two theories of the cause of the Great Depression: the monetarist--that the Federal Reserve Board allowed the money supply to shrink, thus failing to prevent a disastrous deflation--and the Keynesian--that the depression was the product of a credit binge in the 1920's, a stock-market crash, and the ensuing downward spiral in economic activity. Posner concludes that the pendulum swung too far and that our financial markets need to be more heavily regulated. Read Richard Posner's blog, and his latest article in The Atlantic.

Crony Capitalism in the Middle East

Author: Ishac Diwan
Publisher:
ISBN: 019879987X
Category : Business & Economics
Languages : en
Pages : 463

Book Description
This volume provides new perspectives on crony capitalism in the Middle East. It draws on rich empirical information on the activities of political connected firms in the economy and their impact on private sector development in the region.

Lineages of Revolt

Author: Adam Hanieh
Publisher: Haymarket Books
ISBN: 1608463524
Category : Political Science
Languages : en
Pages : 281

Book Description
While the outcomes of the tumultuous uprisings that continue to transfix the Arab world remain uncertain, the root causes of rebellion persist. Drawing upon extensive empirical research, Lineages of Revolt tracks the major shifts in the region’s political economy over recent decades. In this illuminating and original work, Adam Hanieh explores the contours of neoliberal policies, dynamics of class and state formation, imperialism and the nature of regional accumulation, the significance of Palestine and the Gulf Arab states, and the ramifications of the global economic crisis. By mapping the complex and contested nature of capitalism in the Middle East, the book demonstrates that a full understanding of the uprisings needs to go beyond a simple focus on “dictators and democracy.”

How Capitalism Failed the Arab World

Author: Richard Javad Heydarian
Publisher:
ISBN: 9781350220638
Category : Arab Spring, 2010-
Languages : en
Pages :

Book Description
8 Where do we go from here? Finding the true path to an Arab SpringNotes; References; Index.

Over-stating the Arab State

Author: Nazih N. Ayubi
Publisher: Bloomsbury Publishing
ISBN: 0857715496
Category : Political Science
Languages : en
Pages : 529

Book Description
The author's objective within this book is to place the Arab world within a theoretical and comparative framework that avoids both orientalist and fundamentalist insistence on the utter peculiarity and uniqueness of the region. The book focuses in detail on eight Arab countries.

The Reawakening of the Arab World

Author: Samir Amin
Publisher: NYU Press
ISBN: 1583675973
Category : History
Languages : en
Pages : 240

Book Description
Previously published by Pambazuka Press in 2012 under the title of 'The People's Spring: the Future of the Arab Revolution.' This edition contains a new chapter analyzing U.S. geo-strategy.

Foretelling the End of Capitalism

Author: Francesco Boldizzoni
Publisher: Harvard University Press
ISBN: 0674919327
Category : Business & Economics
Languages : en
Pages : 337

Book Description
Intellectuals since the Industrial Revolution have been obsessed with whether, when, and why capitalism will collapse. This riveting account of two centuries of failed forecasts of doom reveals the key to capitalism’s durability. Prophecies about the end of capitalism are as old as capitalism itself. None have come true. Yet, whether out of hope or fear, we keep looking for harbingers of doom. In Foretelling the End of Capitalism, Francesco Boldizzoni gets to the root of the human need to imagine a different and better world and offers a compelling solution to the puzzle of why capitalism has been able to survive so many shocks and setbacks. Capitalism entered the twenty-first century triumphant, its communist rival consigned to the past. But the Great Recession and worsening inequality have undermined faith in its stability and revived questions about its long-term prospects. Is capitalism on its way out? If so, what might replace it? And if it does endure, how will it cope with future social and environmental crises and the inevitable costs of creative destruction? Boldizzoni shows that these and other questions have stood at the heart of much analysis and speculation from the early socialists and Karl Marx to the Occupy Movement. Capitalism has survived predictions of its demise not, as many think, because of its economic efficiency or any intrinsic virtues of markets but because it is ingrained in the hierarchical and individualistic structure of modern Western societies. Foretelling the End of Capitalism takes us on a fascinating journey through two centuries of unfulfilled prophecies. An intellectual tour de force and a plea for political action, it will change our understanding of the economic system that determines the fabric of our lives.