Oil and the political economy in the Middle East

Oil and the political economy in the Middle East

Author: Martin Beck

Publisher: Manchester University Press

Published: 2021-08-17

Total Pages: 205

ISBN-13: 1526149087

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The downhill slide in the global price of crude oil, which started mid-2014, had major repercussions across the Middle East for net oil exporters, as well as importers closely connected to the oil-producing countries from the Gulf. Following the Arab uprisings of 2010 and 2011, the oil price decline represented a second major shock for the region in the early twenty-first century – one that has continued to impose constraints, but also provided opportunities. Offering the first comprehensive analysis of the Middle Eastern political economy in response to the 2014 oil price decline, this book connects oil market dynamics with an understanding of socio-political changes. Inspired by rentierism, the contributors present original studies on Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The studies reveal a large diversity of country-specific policy adjustment strategies: from the migrant workers in the Arab Gulf, who lost out in the post-2014 period but were incapable of repelling burdensome adjustment policies, to Egypt, Jordan, and Lebanon, who have never been able to fulfil the expectation that they could benefit from the 2014 oil price decline. With timely contributions on the COVID-19-induced oil price crash in 2020, this collection signifies that rentierism still prevails with regard to both empirical dynamics in the Middle East and academic discussions on its political economy.


The Political Economy of Mexican Oil

The Political Economy of Mexican Oil

Author: Laura Randall

Publisher: Praeger

Published: 1989-12-08

Total Pages: 0

ISBN-13: 0275933725

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This work follows upon the author's previous volume, The Political Economy of Venezuelan Oil, and investigates the general workings of the Mexican oil industry in relationship to the economics and politics of Mexico. Specifically the author examines Mexico's state-run oil concern, PEMEX, and the costs and benefits of Mexican oil policy--for the nation as a whole and for special groups. Using in-depth interviews and extensive data from PEMEX and other sources, Randall explores issues such as PEMEX's relationships with workers and the oil union, with suppliers of capital goods and services, with the regions in which oil is produced, and with specific groups of oil consumers. Given the critical and negative publicity PEMEX has received over its lifetime, Randall also seeks to answer questions regarding the extent of corruption, overstaffing, and lax management within PEMEX, which she finds to be less than is often alleged. Students of energy and development economics will find Randall's study an important contribution to the literature of Latin American economic policy. In addition to examining the internal workings of PEMEX, Randall describes and analyzes measures taken to correct earlier abuses and to increase efficiency. She reveals the intricate relationships among Mexican oil production, OPEC, the United States, and other nations, and explores the contradictory aspects of Mexican economic and oil policies that inhibit the ability of the oil industry to reach official goals. Throughout, Randall traces the transformation of PEMEX from a nationalized industry that mainly produced crude oil for export to one that has expanded to include refined products and petrochemicals. As a result of this expansion, Randall demonstrates, PEMEX has had a major impact both on the market for labor and capital goods and on the regions in which it operates. Her conclusions regarding the current and future prospects for PEMEX have important implications for the study of economic and energy development throughout the Third World.


Oil and Revolution in Mexico

Oil and Revolution in Mexico

Author: Jonathan C. Brown

Publisher: Univ of California Press

Published: 2023-11-10

Total Pages: 468

ISBN-13: 0520321952

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This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1993.


The Political Economy of Pipelines

The Political Economy of Pipelines

Author: Jeff D. Makholm

Publisher: University of Chicago Press

Published: 2012-04-15

Total Pages: 284

ISBN-13: 0226502104

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With global demand for energy poised to increase by more than half in the next three decades, the supply of safe, reliable, and reasonably priced gas and oil will continue to be of fundamental importance to modern economies. Central to this supply are the pipelines that transport this energy. And while the fundamental economics of the major pipeline networks are the same, the differences in their ownership, commercial development, and operation can provide insight into the workings of market institutions in various nations. Drawing on a century of the world’s experience with gas and oil pipelines, this book illustrates the importance of economics in explaining the evolution of pipeline politics in various countries. It demonstrates that institutional differences influence ownership and regulation, while rents and consumer pricing depend on the size and diversity of existing markets, the depth of regulatory institutions, and the historical structure of the pipeline businesses themselves. The history of pipelines is also rife with social conflict, and Makholm explains how and when institutions in a variety of countries have controlled pipeline behavior—either through economic regulation or government ownership—in the public interest.


The Political Economy of Clean Energy Transitions

The Political Economy of Clean Energy Transitions

Author: Douglas Arent

Publisher: Oxford University Press

Published: 2017

Total Pages: 631

ISBN-13: 0198802242

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A volume on the political economy of clean energy transition in developed and developing regions, with a focus on the issues that different countries face as they transition from fossil fuels to lower carbon technologies.


Oil, Banks, and Politics

Oil, Banks, and Politics

Author: Linda B. Hall

Publisher: University of Texas Press

Published: 2010-07-22

Total Pages: 340

ISBN-13: 0292786468

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A study in conflict between a powerful industry and a struggling nation: “This fine monograph . . . addresses an important issue in Mexican history.” —The Americas Mexico was second only to the United States as the world’s largest oil producer in the years following the Mexican Revolution. As the revolutionary government became institutionalized, it sought to assure its control of Mexico’s oil resources through the Constitution of 1917, which returned subsoil rights to the nation. This comprehensive study explores the resulting struggle between oil producers, many of which were U.S. companies, and the Mexican government. Linda Hall goes beyond the diplomacy to look at the direct impact of a powerful, highly profitable foreign-controlled industry on a government and a nation trying to recover from a major civil war. She draws on extensive research in Mexican archives, including both government sources and the private papers of Presidents Alvaro Obregón and Plutarco Elías Calles, as well as U.S. government and private sources. In the wake of the North American Free Trade Agreement’s expansion of United States business ties to Mexico, this study of a crucial moment in U.S.-Mexican business relations will be of interest to a wide audience in business, diplomatic, and political history.


The Politics of Mexican Oil

The Politics of Mexican Oil

Author: George Grayson

Publisher: University of Pittsburgh Pre

Published: 1981-04-15

Total Pages: 304

ISBN-13: 0822974231

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The Mexican oil boom of the 1970s brought great hope and prosperity with it. George Grayson shows the influence of oil and the oil sector both within Mexican society and in its relations with other nations. He traces the development of the oil industry from its beginnings in 1901 up until the 1980s, looking at topics that include the history of expropriation; the creation of the state-run company Petr—leos Mexicanos; graft and corruption within the Oil Workers Union; Mexico's relations with OPEC; the political nuances of oil and gas agreements with the United States; and the prospects for the Mexican oil industry and domestic reforms generated from oil revenue.


Carbon Democracy

Carbon Democracy

Author: Timothy Mitchell

Publisher: Verso Books

Published: 2013-06-25

Total Pages: 289

ISBN-13: 1781681163

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“A brilliant, revisionist argument that places oil companies at the heart of 20th century history—and of the political and environmental crises we now face.” —Guardian Oil is a curse, it is often said, that condemns the countries producing it to an existence defined by war, corruption and enormous inequality. Carbon Democracy tells a more complex story, arguing that no nation escapes the political consequences of our collective dependence on oil. It shapes the body politic both in regions such as the Middle East, which rely upon revenues from oil production, and in the places that have the greatest demand for energy. Timothy Mitchell begins with the history of coal power to tell a radical new story about the rise of democracy. Coal was a source of energy so open to disruption that oligarchies in the West became vulnerable for the first time to mass demands for democracy. In the mid-twentieth century, however, the development of cheap and abundant energy from oil, most notably from the Middle East, offered a means to reduce this vulnerability to democratic pressures. The abundance of oil made it possible for the first time in history to reorganize political life around the management of something now called “the economy” and the promise of its infinite growth. The politics of the West became dependent on an undemocratic Middle East. In the twenty-first century, the oil-based forms of modern democratic politics have become unsustainable. Foreign intervention and military rule are faltering in the Middle East, while governments everywhere appear incapable of addressing the crises that threaten to end the age of carbon democracy—the disappearance of cheap energy and the carbon-fuelled collapse of the ecological order. In making the production of energy the central force shaping the democratic age, Carbon Democracy rethinks the history of energy, the politics of nature, the theory of democracy, and the place of the Middle East in our common world.


Agrarian Populism and the Mexican State

Agrarian Populism and the Mexican State

Author: Steven E. Sanderson

Publisher: University of California Press

Published: 2018-04-20

Total Pages: 312

ISBN-13: 0520301749

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As oil-rich Mexico faces the 1980s, conflicts between agrarian populism and capitalist industrialization call for resolution. The internal peace and political stability that made the period between the late 1930s and the early 1970s so productive left many Mexicans—particularly the campesinos—marginal to the benefits of the economy. During this period of economic growth, agrarian reform, the trademark of the Mexican revolution, was relegated to a position of lesser importance in national politics. But with forty percent of the population still remaning in the countryside, it is clear that programs for rural development and land redistribution must again be given prominence. In this study of Sonora—a key agricultural state in northwestern Mexico—Steven E. Sanderson examines in economic and political terms the post-revolutionary rise of agrarian reform and its decline, dividing the sixty years of change (from 1917 to 1976) into three periods. Agrarian populism dominated the first, which he calls a time of post-revolutionary consolidation (1917–1940). Then, during the "miracle years" of 1940–1970, the growing strength of capital and the success of state-led import substitution plans led to a counterreform in agrarian politics. In the final period, that of President Echeverria's populist resurgence (1970–1976), ambitious but flawed agrarian reform plans clashed with the sector that favored the increasing concentration of land, income, and political influence. Sonora provides a particularly interesting view of these developments because of its political and geographical distance from metropolitan Mexico, its rich history of independence, its economic growth since the revolution, and the political sophistication of its residents. The events in this state exemplify the regional imbalances, the ideological biases, and the political manipulations contributing to the crisis in state legitimacy that dominated Mexican politics in the 1970s. Using a combination of agrarian census materials, state archives, newspapers, records from relevant ministries, and selected interviews with participants, Sanderson presents the complex history of conflict between the political base supporting agrarian reform and the economic forces advocating industrialization and economic growth. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1981.


The Political Economy of Natural Resources and Development

The Political Economy of Natural Resources and Development

Author: Paul A. Haslam

Publisher: Routledge

Published: 2016-02-05

Total Pages: 259

ISBN-13: 1317418905

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The Political Economy of Resources and Development offers a unique and multidisciplinary perspective on how the commodity boom of the mid-2000s reshaped the model of development throughout Latin America and elsewhere in the developing world. Governments increased taxes and royalties on the resource sector, the nationalization of foreign firms returned to the mainstream economic policy agenda, and public spending on social and developmental goals surged. These trends, often described as resource nationalism, have developed into a strategy for economic development, generated a re-imagining of the state and its institutional possibilities, and created a new but very significant political risk for extractive enterprises. However, these innovations, which constitute the most dramatic change in development policy in Latin America since the advent of neoliberalism, have so far received little attention from either academic or policy-oriented publications. This book explores the reasons behind these policies, and their effects on states, firms, and development trajectories. This text brings together renowned thematic experts to examine the political-economic causes of resource nationalism, as well as its manifestation in six Latin American countries. The causal variables considered by the contributors to this collection include a range of political-economic determinants of policy including commodity prices; the influence of ideology and national politics; ideas about industrial policy; relations between host governments and investors; and how countries respond to opportunities provided by regional initiatives and the new geography of the global economy. This volume is essential reading in development economics, political economy, and Latin American studies, as well as for those who want to understand what economic development means after neoliberalism.