Business as Usual?: Economic Reform in Jordan
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Since the Jordanian State's establishment in 1921, Jordan's economy has predominantly relied on the financial support of other countries. Such external funding, known as 'rent, ' was especially abundant between 1973 and 1989 when Jordan enjoyed an influx of petrodollars from the Gulf states. However, during the mid 1980's, sharply falling oil prices coupled with a cut off of Jordan's credit in world markets, created a budgetary crisis that severely threatened Jordan's distributive political economy. In her perspicacious examination, Katherine Blue Carroll explores the dynamic link between Jordan's business community and the state between 1983 and 2000, a period when declining rents and economic reform challenged the traditional rent-based economy. The Jordan case serves as a prime example of how state-business relations can be restructured to accommodate the demands of a market economy. By methodically examining the timing, content, and process of the change in state-business relations in Jordan, Carroll provides the scholarly community with a pertinent and valuable resource
Format:Hardcover
Language:English
ISBN:0739105051
ISBN13:9780739105054
Release Date:April 2003
Publisher:Lexington Books
Length:328 Pages
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