Is an 'Islamic Political Economy' in the Making Across the Middle East and North Africa?: A Path-Dependent Institutional Change Analysis
Insight Turkey, 17(3): 109-139.
31 Pages Posted: 27 Mar 2016
Date Written: December 15, 2015
The Arab Uprisings and their transformational impact across the Middle East and North Africa [MENA] have generated immense debate about the future of the region’s countries during a period of re-organizational crisis in the international political economy. At this stage of the unfolding region-wide transition in the MENA, this paper performs a two-step theoretico-practical examination of the processes between and after the Uprisings. The first step is to crystallize the ambiguous manifestations between the theory of Islamic political economy and the praxis of these Muslim-majority countries: the high-income Arab Gulf States, upper-middle-income Tunisia, and lower-middle-income Egypt. The second is to contextualize the evolving continuities and discontinuities in these case countries between economy, polity, and society using the eight patterns of path-dependent changes that the author develops. And a discussion will ensue on the prospective changes these nations will face in terms of the potential trajectories of systemic change between the embedded path-dependencies of the established regimes and the patterns of change demanded by the subversive Islamic factions drawn from the pure theory of Islamic political economy.
Keywords: Institutional change, path-dependence, Arap Spring, Islamic economics, Islamic politics
JEL Classification: P16, B15, O1, O53, P4
Suggested Citation: Suggested Citation