Economics and politics - comment and analysis
26. March 2014 I Raja Khalidi I Countries and Regions, Economic Policy

Saudi Arabia’s economy: a “Chinese Road” to Arab Capitalism? Teil I

(Eine deutsche Übersetzung folgt in den nächsten Tagen.) “Depart from me this moment” I told her with my voice Said she, “But I don’t wish to” Said I, “But you have no choice” “I beg you, sir”, she pleaded From the corners of her mouth “I will secretly accept you And together we’ll fly south”. Bob Dylan, As I Wen…


(Eine deutsche Übersetzung folgt in den nächsten Tagen.)

“Depart from me this moment”
I told her with my voice
Said she, “But I don’t wish to”
Said I, “But you have no choice”
“I beg you, sir”, she pleaded
From the corners of her mouth
“I will secretly accept you
And together we’ll fly south”
.
Bob Dylan, As I Went Out One Morning

Of all the prevailing models of political and economic governance that have been challenged by the popular movements of the Arab Spring, perhaps the most intriguing regime is the tribal dynasty, and modern nation state, declared by the Saud family in the Arabian Peninsula in 1932. The economic “viability” of this state founded by warriors and nomadic herders, has always been rooted in its spectacular fossil-fuel wealth, which for the past century has rendered it and the other Arab tribal oil-states it surrounds in the Persian Gulf the focus of geo-political struggle and the generation of immense wealth for its rulers and elites: the so-called “prize”. Along with the other five members of the Gulf Cooperation Council (Bahrain, Kuwait, Qatar, UAE, Oman), these monarchies have survived wave after wave of Arab nationalism, republicanism, social unrest and more recently Islamisation.

To most outsiders (i.e., everybody outsid…
Thanks for reading this short excerpt from the paid post! Fancy buying it to read all of it?

Read Now, Pay Later

  • Buy Now

    Just agree to pay later.
    No upfront registration and payment.

  • Read Immediately

    Access your purchase immediately.
    You are only buying this article, not a subscription.

  • Pay Later

    Buy with LaterPay until you reach a total of 5 Euro.
    Only then do you have to register and pay.

powered bybeta

1-Month Pass

1 Month access to all content on this website

Back
Validity1 Month
Access toAll content on this website
Renewal No automatic renewal
Price5.00 EUR

3-Month Pass

3 Month access to all content on this website

Back
Validity3 Months
Access toAll content on this website
Renewal No automatic renewal
Price15.00 EUR

6-Month Pass

6 Months access to all content on this website

Back
Validity6 Months
Access toAll content on this website
Renewal No automatic renewal
Price30.00 EUR