Towards a New Political Economy of State Industrialization in the Arab Middle East

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Over recent years, scholars and politicians have grown to recognize the increasing obsolescence of models and patterns applicable to the development crisis. This crisis affects both ‘liberal’ capitalist systems and state-controlled ‘socialist’ systems, and can be analyzed on two levels. On the theoretical level, the development crisis is one aspect of the crisis of paradigms in social sciences, especially in economics. New ways of thinking originate with the denial of all those dogmatic approaches which have flourished in the realm of economic development for the last three decades. However, we cannot be satisfied with a predominantly empirical investigation devoid of theoretically explicit background. On the empirical level, some sweeping situations emerge; development processes, either unpredicted by, or contradictory to theoretical forecasts have arisen.