The 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.
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In 1973 the international price of oil quadrupled, precipitating the largest and most rapid transfer of wealth in the twentieth century. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
Saudi Arabia, Middle East, Ministry of Finance, Yemen Arab Republic, New York, Qarar Ri'asat Majlis, Council of Ministers Decree, Ibn Saud, Royal Decree, Qarar Majlis, World Bank, Jeddah Report, Princeton University Press, Cambridge University Press, Department of Zakat, Ministry of Agriculture, Prince Feisal, World War, Price of Wealth, Riyadh Chamber of Commerce, United States, Country Report, Ministry of Commerce, Oxford University Press, Saudi Gazette New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
In 1973 the international price of oil quadrupled, precipitating the largest and most rapid transfer of wealth in the twentieth century. Read the first page Key Phrases - Capitalized Phrases (CAPs): (learn more)
Saudi Arabia, Middle East, Ministry of Finance, Yemen Arab Republic, New York, Qarar Ri'asat Majlis, Council of Ministers Decree, Ibn Saud, Royal Decree, Qarar Majlis, World Bank, Jeddah Report, Princeton University Press, Cambridge University Press, Department of Zakat, Ministry of Agriculture, Prince Feisal, World War, Price of Wealth, Riyadh Chamber of Commerce, United States, Country Report, Ministry of Commerce, Oxford University Press, Saudi Gazette New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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This book cites 100
books:
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26
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- Saudi Arabia: A MEED Practical Guide by Trevor Mostyn on 7 pages
- Bringing the State Back In by Peter B. Evans on 4 pages
- The Rentier State (Nation, State and Integration in the Arab World, Vol 2) by Hazem Beblawi on page 26, page 185, and page 186
- Commercial Revolution in the Middle Ages by Robert S. Lopez on page 114, and page 226
- The Islamic Business Enterprise by Ahmed Abdel-Fattah El-Ashker on page 226, and page 233
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- Islam in a Globalizing World by Thomas W. Simons Jr. in Back Matter (1), and Back Matter (2)
- Transforming Europe : Europeanization and Domestic Change (Cornell Studies in Political Economy) by Maria Green Cowles in Back Matter
- Disparaged Success: Labour Politics in Postwar Japan (Cornell Studies in Political Economy) by Ikuo Kume in Back Matter
- The Developmental State (Cornell Studies in Political Economy) by Meredith Woo-Cumings in Back Matter
- Border Games: Policing the U.S.-Mexico Divide (Cornell Studies in Political Economy) by Peter Andreas in Back Matter
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