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Business as Usual? Economic Reform in Jordan by Katherine Blue Carroll
  

Business as Usual? Economic Reform in Jordan

Part of the International Studies Series

Synopsis

Business as Usual? Economic Reform in Jordan by Katherine Blue Carroll

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.

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


About the Author

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

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Book Info

Publication date

21st January 2003

Author

Katherine Blue Carroll

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    recommendations

Publisher

Lexington Books

Format

Hardback
328 pages

Categories

Political economy

ISBN

9780739105054

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