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State-business relations in the smaller gulf monarchies -- the role of business actors in the decision-making process

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  • Valeri, Marc

Abstract

The Arab monarchies of the Gulf have been undergoing striking socio-economic changes caused by the ending of the rent-based welfare state model on which they had largely relied since the 1950s. In this perspective, this paper aims at examining the comparative role of local business communities in affecting the orientations and the outcomes of the policies implemented during the period of high oil prices in the 2000s. This paper pays a special attention to the impact of the Arab Spring on the state-business relations in two of the smaller Gulf monarchies (Bahrain and Oman).

Suggested Citation

  • Valeri, Marc, 2015. "State-business relations in the smaller gulf monarchies -- the role of business actors in the decision-making process," IDE Discussion Papers 524, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper524
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    File URL: https://ir.ide.go.jp/?action=repository_action_common_download&item_id=37654&item_no=1&attribute_id=22&file_no=1
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    More about this item

    Keywords

    Gulf Countries; Bahrain; Oman; Business; Decision making; Elite; State; Monarchy; Royal family; Politics; Persian Gulf; Middle East; Political economy; Arab Spring;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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