Economic Statecraft of the Gulf Arab States

KAREN E. YOUNG is Senior Research Scholar at Columbia University, USA, in the Center for Global Energy Policy. She was a senior fellow and founding director of the Program on Economics and Energy at the Middle East Institute, USA. She was a senior fellow at the American Enterprise Institute, USA. She has published The Political Economy of Energy, Finance and Security in the United Arab Emirates (2014) and her analysis has appeared in Bloomberg Opinion, Foreign Affairs, Foreign Policy, The Financial Times, The New York Times, The Wall Street Journal, and The Washington Post.

Karen Young explores two issues central to the future of development in the broader Middle East region in this book. First, how Gulf economic statecraft is affecting and will affect the development trajectory of the countries that receive Gulf aid and investment. Second, how the Chinese and Gulf development models and policies in the region both challenge the Washington consensus and compete with each other. The book is a welcome primer to how to understand these key issues.

• Introduction: Master Developers of the GulfChapter 1: Political Economy of Development from Bretton Woods to Authoritarian CapitalismChapter 2: The Gulf in the Global Economy and Post-Oil Era Chapter 3: Case Studies of Gulf Financial Intervention: Egypt and EthiopiaChapter 4: Between the Gulf and China: Case studies of Financial Intervention inOman and PakistanChapter 7: Too Little, Too Late: Response to Development in CrisisCase studies of Sudan and YemenChapter 8: Conclusion and Policy Recommendations