scholarly journals The Varieties of Resource Experience: How Natural Resource Export Structures Affect the Political Economy of Economic Growth

2003 ◽  
Author(s):  
Jonathan Isham ◽  
Michael Woolcock ◽  
Lant Pritchett ◽  
Gwen Busby
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Natural Resource ◽  
The Political

Burning Somalia’s Future

2018 ◽  
pp. 121-148
Author(s):  
Ilya Gridneff
Keyword(s):  
Political Economy ◽  
Natural Resource ◽  
Arab World ◽  
Gulf Cooperation Council ◽  
The Political ◽  
Horn Of Africa ◽  
Commercial Activity ◽  
Access To Finance ◽  
Domestic Use ◽  
Emerging Powers

This chapter argues that the charcoal trade exposes Somalia’s political economy as a driver of persistent conflict fueled by competing local, regional, and international interests. Of particular note is the tendency of Gulf Cooperation Council (GCC) states to buy Somalia’s charcoal, whether licit or illicit, for domestic use: such commercial activity contributes to the country’s regressive imbalances. At the same time, GCC states jockeying for geopolitical influence across the Horn of Africa increases the uneven spread of resources and access to finance for Somalia’s leaders. This process has fed the political elite’s insatiable appetite for personal patronage and has produced a nexus of competing rivalries that further destabilizes Somalia and the broader Red Sea region. This chapter studies the use of one natural resource, charcoal, and its trans-boundary trade as a vehicle to illustrate how Somalia’s ties to the GCC states—and the broader Islamic or Arab world—are being strengthened. The chapter concludes that this growing proximity is both offering beneficial forms of assistance and support, as well as proving to be a factor for destabilization at a time when Somalia is becoming of increasing strategic concern for Western and emerging powers.

Re-Thinking the Role of Institutions in Neoliberalism From New Institutional Economics Perspective

2020 ◽  
pp. 25-40
Author(s):  
Ilke Civelekoglu ◽  
Basak Ozoral
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Developing Countries ◽  
Property Rights ◽  
Institutional Economics ◽  
New Institutional Economics ◽  
The Political ◽  
Formal Institutions ◽  
Fertile Ground

In an attempt to discuss neoliberalism with a reference to new institutional economics, this chapter problematizes the role of formal institutions in the neoliberal age by focusing on a specific type of formal institution, namely property rights in developing countries. New institutional economics (NIE) argues that secure property rights are important as they guarantee investments and thus, promote economic growth. This chapter discusses why the protection of property rights is weak and ineffective in certain developing countries despite their endorsement of neoliberalism by shedding light on the link between the institutional structure of the state and neoliberalism in the developing world. With the political economy perspective, the chapter aims to build a bridge between NIE and political economy, and thereby providing fertile ground for the advancement of NIE.

Political Theory and Political Economy

2009 ◽  
Author(s):  
Stephen L. Elkin
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Political Theory ◽  
Political Life ◽  
The Political ◽  
Distribution Of Wealth ◽  
Contemporary World ◽  
The Core ◽  
Democratic Societies

This article describes the connection between political theory and political economy. It argues that political theorists need to take account of political economy in theorizing about the contemporary world because capitalism is the most powerful force at work in shaping the modern sociopolitical world. It also explains that economic questions concerning economic growth, the distribution of wealth and income, and role of markets are at the core of the political life in democratic societies.

scholarly journals Political Economy From the Perspective of Ibn Khaldun

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Moch Bukhori Muslim ◽  
Saepullah Saepullah ◽  
Any Widayatsari
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Social Welfare ◽  
The Political ◽  
Budget Management ◽  
Ibn Khaldun ◽  
Income Sources ◽  
The Social ◽  
The Creation

Te political economy encompasses the management of revenues and spending to achieve the social welfare of the community. Hence, development is not solely emphasized economic growth but also equity. Tis article discusses the political economy according to Ibn Khaldun, written in his book, Muqaddimah. Tis study concludes that that political budgets must be carried out in a balanced manner by establishing budget certainty and increasing the discipline in use of the budget. Legislators make laws, referring to the creation of income sources so that the community will be able to meet their needs independently, and thegovernment can gather capabilities to carry out their duties and functions. Ibn Khaldun saw budget management as a means to solve public matters while also factoring the interests of rulers and governments.

scholarly journals Assessing the Political Economy of Policy Instability and its Effect on Nigerian Economic Growth, 1970-2015

2019 ◽  
Vol 8 ◽  
pp. 72-91
Author(s):  
Gerald Chimezie Nwadike ◽  
Kelechi Johnmary Ani ◽  
Victor Ojakorotu ◽  
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
The Political
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