Dive deep into Middle East economies and the critical forces driving institutional change with this insightful book. Discover how state and market institutions evolve in oil-exporting countries like Saudi Arabia and Yemen, examining the impact of global economic cycles and resource flows. Kiren Aziz Chaudhry’s meticulous research reveals the origins of differing economic institutions, offering a compelling analysis of development. It’s an indispensable resource for Indian students and professionals aspiring to understand complex global political economy and economic development strategies in emerging markets.