Titlebook: Capitalism and Class in the Gulf Arab States; Adam Hanieh Book 2011 Adam Hanieh 2011 economy.Import.political economy

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Granular

The Political Economy of Postwar Capitalism and the Making of the Gulf,e rise of fascism and the clash of European powers—had been the period of stagnation and crisis that preceded the conflagration. The years before the war had been marked by low profits caused by the overaccumulation of capital—few profitable outlets for capital investment leading to intensified stru

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The Development of Capitalism in the Gulf Cooperation Council, old colonial master. Britain recognized the Sultanate of Muscat and Oman’s independence in 1951, followed by Kuwait in 1961 and the remaining Gulf states—Bahrain, Qatar, and the seven “Trucial States” that became the future UAE—in 1971.. Saudi Arabia, a remote and inhospitable area surrounded by de

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Toward a Single Global Economy: 1991 to 2008,e H. W Bush’s proclamation of a New World Order was an initial acknowledgment of this shift, and although it took a number of years to fully develop, by the beginning of the twenty-first century the United States would have achieved the position of global “hyper-power.” The collapse of the state soc

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Future Trajectories,ravel. The tendency of overaccumulation inherent to postwar capitalism—fed by technological innovation and the seemingly limitless production capacities of the world’s low-wage zones—could not be sustained despite the accelerating piles of debt. The stability of this system began to erode with the c

dissolution

The Development of Capitalism in the Gulf Cooperation Council,sert, had managed to retain a relative independence from British control during the apex of colonial rule. With the unification of the kingdoms of Najd and Hijaz in 1932, the country in its modern form was born. The accumulation structures underpinning capitalist class formation across the Gulf date from this period of state building.

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