The Political Economy of Oil and the Crisis of the Arab State System

26 Pages Posted: 11 Jul 2013

See all articles by Daniel Atzori

Daniel Atzori

Fondazione Eni Enrico Mattei (FEEM)

Date Written: July 11, 2013

Abstract

This paper argues that the so-called Arab spring is part of a tectonic shift which signals the frailty of the Arab state system as such. Countries benefitting from oil and gas rents have been more resilient, because of their potential to create systems of incentives and disincentives in order to prevent disruptive social change. Islamism, whose emergence is connected with rentier state dynamics is, at the same time, an opportunity and a threat for the survival of the Arab state and, in general, of the Arab states system. In this context, national oil companies can increasingly be conceptualized not merely as instruments of the state, but as bulwarks of nation-state legitimacy in a period of chaos.

Keywords: Oil, Energy, Political Economy, MENA, Globalization, Arab Spring

JEL Classification: F6, N5, O1, P1, Q3, Q4

Suggested Citation

Atzori, Daniele, The Political Economy of Oil and the Crisis of the Arab State System (July 11, 2013). FEEM Working Paper No. 61.2013. Available at SSRN: https://ssrn.com/abstract=2292493 or http://dx.doi.org/10.2139/ssrn.2292493

Daniele Atzori (Contact Author)

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy

Register to save articles to
your library

Register

Paper statistics

Downloads
4,540
Abstract Views
8,183
rank
1,737
PlumX Metrics