Following the Arab Spring uprisings, the 2014 downward slide in the global price of crude oil marks a second major shock for the Middle East in the 21st century. It had major repercussions across the region for oil exporters, as well as for importers connected to oil-producing countries from the Gulf. The decline has continued to impose constraints, but also opportunities for policy adjustment strategies potentially leading to strengthened political economies throughout the region.
A recently published volume, Oil and the Political Economy in the Middle East, offers a comprehensive analysis of the Middle Eastern political economy in response to the 2014 oil price decline with timely contributions on the Covid-19 induced price crash in 2020.
The Middle East Institute’s (MEI) Program on Economics and Energy is pleased to launch this book bringing together the two editors and three contributing authors to discuss oil market dynamics and its relation to socio-political changes.
Assistant Professor, Department of Political Science, American University in Cairo
Professor, University of Southern Denmark
Professor, School of International Liberal Studies, Waseda University, Japan
Senior Research Fellow, German Institute for Global and Area Studies
Karen Young, moderator
Senior Fellow and Director, Program on Economics and Energy, MEI