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Crony Capitalism in the Middle East – Business and Politics from Liberalization to the Arab Spring | Oxford Scholarship Online
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Crony Capitalism in the Middle East: Business and Politics from Liberalization to the Arab Spring

Ishac Diwan, Adeel Malik, and Izak Atiyas

Abstract

The popular uprisings in 2011 that overthrew Arab dictators were also a rebuke to crony capitalism, targeted against both rulers and their allied businessmen who had monopolized profitable economic opportunities. While the Middle East has witnessed a growing nexus between business and politics in the wake of economic liberalization, little is known about the nature of business cronies, the sectors in which they operate, the mechanisms used to favor them, and the possible impact of such crony relations on the region’s development. Combining inputs from leading scholars in the field, this volume ... More

Keywords: Crony capitalism, politically connected firms, state–business relations, Middle East, Arab Spring

Bibliographic Information

Print publication date: 2019 Print ISBN-13: 9780198799870
Published to Oxford Scholarship Online: July 2019 DOI:10.1093/oso/9780198799870.001.0001

Authors

Affiliations are at time of print publication.

Ishac Diwan, editor
Chair Monde Arabe, Paris Sciences et Lettres, France, and Visiting Professor, Columbia University, USA

Adeel Malik, editor
Globe Fellow in the Economies of Muslim Societies, Oxford Centre for Islamic Studies & Oxford Department of International Development University of Oxford, UK

Izak Atiyas, editor
Associate Professor of Economics, Sabanci University, Istanbul, Turkey

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Contents

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Introduction

Adeel Malik, Izak Atiyas, and Ishac Diwan

Part I Impact of Cronyism on Growth

4 Clientelism, Cronyism, and Job Creation in Lebanon

Ishac Diwan and Jamal Ibrahim Haidar

5 Moroccan Cronyism

Mohamed Said Saadi

Part II Mechanisms of Privilege

6 State Capture in Ben Ali’s Tunisia

Hassen Arouri, Leila Baghdadi, and Bob Rijkers

8 Political Connections and Public Procurement in Turkey

Esra Çeviker Gürakar and Tuba Bircan

Part III Financial Markets and Cronyism

10 Elections and Economic Cycles

Çağatay Bircan and Orkun Saka

13 The Role of the State in MENA Capital Markets

Ali Coskun, Serhat Cevikel, Zeynep Özçelik, and Vedat Akgiray