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dc.contributor.advisor Soltan, Gamal Aboraya, Yasser 2017-06-06T12:08:59Z 2017-06-06T22:00:17Z Spring 2017 en_US 2017-06-06
dc.description.abstract This research explores the soundness of the classical rentier state theory in analyzing oil reliant states considering oil price fluctuations and their outcomes on rentier cases. Ever since its discovery, oil has played a major role in shaping rentier economies and their policies. However, oil reliance is regarded to be a double edged sword as the huge inflows of rent could lead to a series of long-term societal and economic risks otherwise dubbed as the “rentier curse”. The effects of such curse have been showing over the years in examples such as Venezuela, Saudi Arabia and several other oil reliant states. Nevertheless, not all rentier cases suffer from the same socioeconomic issues or react similarly to international oil price fluctuations. The aforementioned calls for a deeper understanding of such variations as the classic rentier state theory provides static tenets for rentierism as a “one size fits all” labeling mechanism. Although this is useful in understanding the nature of the rent seeking behavior, it is quite simplistic as some rentier states seem to suffer more than others. This has been further exacerbated by the recent and ongoing oil price drop which started in 2014 and already affected the budgets of such states. Although all oil reliant cases incurred massive deficits, some seem to be more capable of weathering the storm while other cases are preparing for drastic economic transformation. A perfect example is the Kingdom of Saudi Arabia which adopted relatively “extreme” fiscal reforms and is in the process of accomplishing the Vision 2030 plan which primarily aims at marginalizing, if not eliminating, the Saudi reliance on rent revenue. Such policies and plans, combined with the inherent fiscal, demographic and socioeconomic differences between rentier states when reacting to oil price shocks not only calls for questioning the current analytical value of the classical rentier state theory, but also calls for a post-rentier labeling for cases similar to Saudi Arabia. en_US
dc.format.extent 114 p. en_US
dc.format.medium monographs en_US
dc.format.medium datasets en_US
dc.format.medium journals (periodicals) en_US
dc.format.medium reports en_US
dc.format.medium theses en_US
dc.language.iso en en_US
dc.rights Author retains all rights with regard to copyright. en
dc.subject Post-rentierism en_US
dc.subject Rentier en_US
dc.subject KSA en_US
dc.subject Oil en_US
dc.subject Comparative Studies en_US
dc.subject.lcsh Thesis (M.A.)--American University in Cairo en_US
dc.title "A well-oiled machine" The limits of rentierism: The case of Saudi Arabia en_US
dc.type Still Image en_US
dc.type Text en_US
dc.subject.discipline Political Economy en_US
dc.rights.access This item is available en_US
dc.contributor.department American University in Cairo. Dept. of Political Science en_US
dc.description.irb American University in Cairo Institutional Review Board approval has been obtained for this item. en_US
dc.contributor.committeeMember Sunday, James
dc.contributor.committeeMember Duboc, Marie

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  • Theses and Dissertations [1787]
    This collection includes theses and dissertations authored by American University in Cairo graduate students.

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