East region. This book analyzes the recent development of Gulf capitalism through the aftermath of the 2008 economic crisis. Situating the Gulf within the evolution of capitalism at a global scale, it presents a novel theoretical interpretation of this important region of the Middle East political economy. Accompanied by an extensive empirical analysis of all sectors of the GCC economy, the book argues that a new capitalist class, Khaleeji Capital, is forming in the Gulf--with profound implications for the Middle East as a whole.

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