Business as Usual? Economic Reform in Jordan

by Katherine Blue Carroll

Business as Usual? Economic Reform in Jordan Synopsis

Since the Jordanian State's establishment 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 perspicacious 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. 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 methodically examining the timing, content, and process of the change in state-business relations in Jordan, Carroll provides the scholarly community with a pertinent and valuable resource.

Business as Usual? Economic Reform in Jordan Press Reviews

Jordan, as manifested by its joining the World Trade Organization and signing the Free Trade Agreement with the United States, obviously wishes to change, to evolve economically. Dr. Katherine Carroll's Business as Usual: Economic Reform in Jordan admirably and cogently describes why and how Jordan is attempting to realize this transformation... Carroll's book should be required reading for development and international financial experts, academics, and the those with a general interest in Jordannn -- Peter Gubser, President, American Near East Refugee Aid Jordan, as manifested by its joining the World Trade Organization and signing the Free Trade Agreement with the United States, obviously wishes to change, to evolve economically. Dr. Katherine Carroll's Business as Usual: Economic Reform in Jordan admirably and cogently describes why and how Jordan is attempting to realize this transformation... Carroll's book should be required reading for development and international financial experts, academics, and the those with a general interest in Jordan -- Peter Gubser, President, American Near East Refugee Aid

Book Information

ISBN: 9780739105054
Publication date: 21st January 2003
Author: Katherine Blue Carroll
Publisher: Lexington Books
Format: Hardback
Pagination: 328 pages
Categories: Political economy,

About Katherine Blue Carroll

Katherine Blue Carroll is Assistant Dean at Vanderbilt University's College of Arts and Sciences.

More About Katherine Blue Carroll

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