By Richard Javad Heydarian
A distinct and provocative research of 1 of the main social and political occasions of the final decade.
Read Online or Download How Capitalism Failed the Arab World: The Economic Roots and Precarious Future of the Middle East Uprisings PDF
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Extra resources for How Capitalism Failed the Arab World: The Economic Roots and Precarious Future of the Middle East Uprisings
For them, 26 | one whether we are looking at the 2008 Great Recession or the Arab Spring, ‘The critical issue in both cases is the artificial suppression of volatility – the ups and downs of life – in the name of stability’ (Taleb and Blyth 2011: 33). ). g. opposi tion demands for democratic opening) by utilizing instruments of coercion and appeasement, but their fragility lies in how silent risks accumulate beneath the surface, only to emerge later in an explosive form of systemic breakdown and/or revolutionary transition once a specific threshold is reached.
Why is it so stuck behind the times? ’ True, as the the anti-development state | 35 AHDR itself suggested, the Arab world has had one of the lowest rates of extreme poverty, and one of the highest levels of per capita income and education spending as a percentage of GDP in the developing world, while life expectancy increased by fifteen years and infant mortality dropped by two-thirds within three decades. However, the Arab states, as the report suggests, have failed to introduce the kind of reforms that could deal with a toxic mixture of declining productivity, extremely low per capita income growth (comparable with sub-Saharan Africa), ballooning population (among the worst in the world), and a weak scientific record (even when compared to neighbouring non-Arab states), which, in turn, explains why the Arab world, among other things, suffers from one of the highest rates of unemployment, struggles to attract sufficient investments to move up the production chain, and continues to be a laggard in science and technology, even as its Asian neighbours pull ahead in global rankings.
As a result, one begins to ask whether the Arab Spring was inevitable; or why did it come so late, given how corruption, autocratic rule and unaccountability have been so entrenched for so long? The new awakening When one puts the Arab uprisings in a historical context, their novelty becomes questionable. After all, the twentieth century actually witnessed a series of democratic protests and revolts across the Middle East. Thus, what is under question is a new Arab Spring – or awakening, for that matter.