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Models of the Oil Market
Economists have proposed a large variety of models of the oil market and this survey integrates them in a coherent framework.
Generation in Waiting
Young people in the Middle East (15–29 years old) constitute about one-third of the region's population. Growth rates for this age group trail only sub-Saharan Africa. This presents the region with an historic opportunity to build a lasting foundation for prosperity by harnessing the full potential of its young population. Yet young people in the Middle East face severe economic and social exclusion due to substandard education, high unemployment, and poverty. Thus the inclusion of youth is the most critical development challenge facing the Middle East today. A Generation in Waiting portrays the plight of young people, urging greater investment designed to improve the lives of this critica...
Explaining Growth in the Middle East
Publisher Description
The Middle East Economies in Times of Transition
Diwan and Galal looks at the structure and prospects of the Middle East economies after the 2011 Uprisings, focusing on issues of economic growth, inequality, the impact of oil, and the unfolding political transitions. On the growth question, the book looks into the extent of structural transformation of the economy, the political economy reasons for the lack of structural change, and the external conditions in the EU and in the GCC that underpin the lack of structural change. On inequality, the book offers new measures of equality of opportunity in human development and in the job market, and it also reviews the complex political economy of subsidy removal. Regarding natural resources, the ...
The Iranian Revolution at Forty
How Iran—and the world around it—have changed in the four decades since a revolutionary theocracy took power Iran's 1979 revolution is one of the most important events of the late twentieth century. The overthrow of the Western-leaning Shah and the emergence of a unique religious government reshaped Iran, dramatically shifted the balance of power in the Middle East and generated serious challenges to the global geopolitical order—challenges that continue to this day. The seizure of the U.S. Embassy in Tehran later that same year and the ensuing hostage crisis resulted in an acrimonious breach between America and Iran that remains unresolved to this day. The revolution also precipitated...
Inside the Islamic Republic
Goes beyond the media stereotype of fashionable parties in North Tehran to examine the quotidian realities of how society has evolved in Iran since the 1979 revolution.
Inequality of Opportunity
Eight papers, both theoretical and applied, on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort.
How Sanctions Work
Sanctions have enormous consequences. Especially when imposed by a country with the economic influence of the United States, sanctions induce clear shockwaves in both the economy and political culture of the targeted state, and in the everyday lives of citizens. But do economic sanctions induce the behavioral changes intended? Do sanctions work in the way they should? To answer these questions, the authors of How Sanctions Work highlight Iran, the most sanctioned country in the world. Comprehensive sanctions are meant to induce uprisings or pressures to change the behavior of the ruling establishment, or to weaken its hold on power. But, after four decades, the case of Iran shows the opposite to be true: sanctions strengthened the Iranian state, impoverished its population, increased state repression, and escalated Iran's military posture toward the U.S. and its allies in the region. Instead of offering an 'alternative to war,' sanctions have become a cause of war. Consequently, How Sanctions Work reveals how necessary it is to understand how sanctions really work.
Busted Sanctions
Powerful countries like the United States regularly employ economic sanctions as a tool for promoting their foreign policy interests. Yet this foreign policy tool has an uninspiring track record of success, with economic sanctions achieving their goals less than a third of the time they are imposed. The costs of these failed sanctions policies can be significant for the states that impose them, their targets, and the other countries they affect. Explaining economic sanctions' high failure rate therefore constitutes a vital endeavor for academics and policy-makers alike. Busted Sanctions seeks to provide this explanation, and reveals that the primary cause of this failure is third-party spoil...
Economic Cold War
Why would one country impose economic sanctions against another in pursuit of foreign policy objectives? How effective is the use of such economic weapons? This book examines how and why the United States and its allies instituted economic sanctions against the People's Republic of China in the 1950s, and how the embargo affected Chinese domestic policy and the Sino-Soviet alliance.
