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date: 20 April 2024

p. 1035. Oil and Political Economy in the International Relations of the Middle Eastlocked

p. 1035. Oil and Political Economy in the International Relations of the Middle Eastlocked

  • Giacomo Luciani

Abstract

This chapter tackles the omnipresent question of oil and its relation to the Middle East’s political economy and international relations. It demonstrates the compelling links between oil and the consolidation and evolution of the modern state system. It also points out how outside powers have invariably used oil in their dealings with the Middle East yet this has figured less prominently in the foreign policies of Arab states, whose concerns remain of a more parochial kind. The chapter analyzes a rentier model that shows how oil has conditioned economic and political outcomes in oil-rich and oil-poor states, slowing down the prospects for reform. It emphasizes how oil has given states huge power and resistance to political change.

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