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Globalisation, International Finance and Political Islam in the Arab World

Harrigan, Jane and El-Said, Hamed (2006) 'Globalisation, International Finance and Political Islam in the Arab World.' The Middle East Journal, 60 (3). pp. 444-466.

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Abstract

This article looks at one important aspect of globalization in the Arab World, namely the provision of international finance by the US, the International Monetary Fund (IMF), and the World Bank in support of economic liberalization programs. This flow of international finance has been partly determined by geopolitical factors and in some countries has resulted in a decline in state provision of social welfare, increased poverty, and increased inequality. Not only has this form of globalization been increasingly challenged by Islamist groups, but many such groups have moved in to provide social capital and fill the welfare gap created by the gradual withdrawal of the state from socio-economic affairs. Globalization has thus strengthened the hand of political Islam and undermined the political legitimacy of incumbent regimes.

Item Type: Journal Articles
Keywords: MENA, globalisation, IMF, World Bank, Islamic welfare, economic reform.
SOAS Departments & Centres: Faculty of Law and Social Sciences > Department of Economics
ISSN: 00263141
Depositing User: Jane Harrigan
Date Deposited: 21 May 2008 09:32
URI: http://eprints.soas.ac.uk/id/eprint/4809

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