The Political Economy of Investment in Syria (Studies in the Political Economy of Public Policy) 1st ed. 2016 Edition, Kindle Edition

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ISBN-13: 978-1137397713
ISBN-10: 1137397713
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Editorial Reviews

Review

“Taking the determinants of investment, and agency of class, as an analytical lens, Linda Matar weaves an important account of Syria’s political economy under the Ba’th. Of particular value is her demonstration of how the failure of neoliberal policies to channel investment into productive fields and the neglect of the rural poor set the stage for the 2011 uprising.” (Raymond Hinnebusch, Director, Centre for Syrian Studies, University of St. Andrews, UK)

--This text refers to the hardcover edition.

From the Back Cover

Linda Matar examines Syria's failure to promote employment-generating investment prior to the uprising. Tackling the thorny issue of the inapplicability of modern investment theory to a developing country, she situates the analysis of investment in Syria in its historical context and examines the socioeconomic structure and political preconditions that set the course of capital accumulation. Matar argues that the class in charge of development, which oversaw the allocation of resources during the Hafiz and Bashar Assad regimes, precipitated a crisis of capital accumulation. Difficult-to-access data and information compiled from fieldwork reveal how neoliberal reforms failed to build productive capacity and instead enriched a few through short-term speculative and mercantile ventures. Productive investment in Syria prior to the uprising lurched downward, and the key related socio-economic variables followed. These deteriorating conditions contributed to the social explosion in 2011. Exploring the poor quality and quantity of investment, this study probes how the cant of the free market served as a veneer behind which the institutional decisions distorted income distribution in a way that would inevitably lead to collapse.

--This text refers to the hardcover edition.

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