Khaleeji-capital: Class-formation and regional integration in the Middle-East Gulf
Document Type
Article
Source of Publication
Historical Materialism
Publication Date
8-1-2010
Abstract
The countries of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) are most typically understood from the perspective of their position as the world's key oil- and gas-producing states. This essay explores the largely overlooked processes of class-formation in the GCC, and argues that very profound tendencies of capital- internationalisation are occurring alongside Gulf regional integration. The circuits of capital are increasingly cast at the pan-Gulf scale, and a capitalist class - described as khaleeji-capital - is emerging around the accumulation-opportunities presented within the new regional space. The formation of khaleeji-capital represents the development of a class increasingly aligned with the interests of imperialism and has important ramifications for understanding the region's political economy. © 2010 Koninklijke Brill NV, Leiden.
DOI Link
ISSN
Publisher
Brill
Volume
18
Issue
2
First Page
35
Last Page
76
Disciplines
Social and Behavioral Sciences
Keywords
class-formation, Gulf Cooperation Council, internationalisation, Middle East, political economy, regional integration
Scopus ID
Recommended Citation
Hanieh, Adam, "Khaleeji-capital: Class-formation and regional integration in the Middle-East Gulf" (2010). All Works. 2198.
https://zuscholars.zu.ac.ae/works/2198
Indexed in Scopus
yes
Open Access
no