Business as Usual?: Economic Reform in Jordan
Since its establishment as the Jordanian State in 1921, Jordan's economy has predominantly relied on the financial support of other countries. Such external funding, known as rent, was especially abundant between 1973 and 1989 when Jordan enjoyed an influx of petrodollars from the Gulf States. However, during the mid 1980's, sharply falling oil prices coupled with a cut off of Jordan's credit in world markets, created a budgetary crisis that severely threatened Jordan's distributive political economy. In her examination, Katherine Blue Carroll explores the dynamic link between Jordan's business community and the state between 1983 and 2000, a period when declining rents and economic reform challenged the traditional rent-based economy. Essentially, the Jordan case serves as a prime example of how state-business relations can be restructured to accommodate the demands of a market economy. By examining the timing, content and process of the change in state-business relations in Jordan, Carroll provides the scholarly community with a resourceful work.
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The History of StateBusiness Relations in Jordan
The Failure of Policy Change
Transjordanians and Palestinians
Business and Parliament
Jordans Business Associations
Access to Policymaking
Assistance with Adjustment and Competitiveness
About the Author
Abu Odeh agreement AMIR Amman Arab World argued Ben Ross bureaucratic reform Business Associations business community businessmen businesspeople capacity capital Chamber of Industry change in state-business companies competitive assistance crisis demands democracy democratic Development economic liberalization economic reform efforts elite encourage environment established Euro-Med export foreign funds global Gulf identity tensions implementation important increased institutions international community interview Investment Promotion investors Irbid Islamists Israel Israeli issues Jordan Jordanian business King Abdullah King Hussein Laurie Brand leaders ment merchants Middle East Minister Ministry mobilization ness nomic officials organizations Palestinians parliament participation parties peace percent policy change Political Liberalization private sector production programs public and private public sector regime rent-seeking rentier response returnees role September 1999 social state-business negotiations state-business relations state's Studies tion Transjordanian USAID West Bank World Bank Zarqa