The Political Economy of Oil and the Crisis of the Arab State System
AbstractThis paper argues that the so-called Arab spring is part of a tectonic shift which signals the frailty of the Arab state system as such. Countries benefitting from oil and gas rents have been more resilient, because of their potential to create systems of incentives and disincentives in order to prevent disruptive social change. Islamism, whose emergence is connected with rentier state dynamics is, at the same time, an opportunity and a threat for the survival of the Arab state and, in general, of the Arab states system. In this context, national oil companies can increasingly be conceptualized not merely as instruments of the state, but as bulwarks of nation-state legitimacy in a period of chaos.
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Bibliographic InfoPaper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2013.61.
Date of creation: Jun 2013
Date of revision:
Oil; Energy; Political Economy; MENA; Globalization; Arab Spring;
Find related papers by JEL classification:
- N5 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- P1 - Economic Systems - - Capitalist Systems
- Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
- Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-28 (All new papers)
- NEP-ARA-2013-07-28 (MENA - Middle East & North Africa)
- NEP-ENE-2013-07-28 (Energy Economics)
- NEP-POL-2013-07-28 (Positive Political Economics)
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