By Hossein Askari
Because the discovery of oil, the international locations of the Persian Gulf were stuck in a vicious circle. With expanding oil sales, rulers have made self-enrichment their motivation whereas international powers have exploited the area and supplied help for oppressive regimes. Early exploitation of the region's oil used to be colonial in perform; at the present time, oppressive rulers and foreigners paintings hand-in-hand to the detriment of the citizenry. Rulers haven't any incentives to foster reliable associations, in particular the guideline of legislations, as self reliant and effective associations might undermine their keep an eye on over oil revenues.
This e-book takes a chronological examine the influence of oil within the quarter and examines how massive oil sales have inspired oppressive governance and corrupted improvement regulations, impeding human, political, and monetary development. Hossein Askari argues that there's an pressing desire for visionary political and financial reform which will hinder a nearby disaster. Rulers needs to begin through publicly acknowledging that oil belongs to the folk of all generations and that it has to be controlled consequently - successfully, equitably, and transparently.
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Extra resources for Collaborative Colonialism: The Political Economy of Oil in the Persian Gulf
The locations of the UAE sheikhdoms on the Persian Gulf coast attracted British curiosity, because of British interest in securing as many communities as possible in the region to protect trade routes to India. ”68 Over the next 50 years, the sheikhdoms became part of the informal protectorate in the region. In the late nineteenth and early twentieth centuries, Dubai was little more than a fishing and pearl diving strategic base; however, over time, the sheikhdom established a ruling 22 C O L L A B O R AT I V E C O L O N I A L I S M dynasty and a relationship with Britain that helped in “increasing reliance on imperial support for security guarantees and, eventually, .
These competing interests in Bahrain created instability in the island. ”29 However, they did not do this alone. Because of Bahrain’s location between larger countries, the “ruling family has historically sought security guarantees from larger powers . . ”30 10 C O L L A B O R AT I V E C O L O N I A L I S M The relationship with Britain officially began in 1830, when a series of treaties between the Al-Khalifas and the British established a protectorate relationship to defend Bahrain against external powers, such as the Sultan of Oman.
The inhabitants of today’s UAE were relatively poor and unskilled when oil was discovered, as they had been mainly oriented toward the sea and sea activities. The history of the UAE’s inhabitants dates back to the third millennium BC, with inhabitants leading the lifestyle of nomadic Bedouin tribes, with economic opportunities limited to fishing villages and date farms; this continued well into the early twentieth century. 74 Each area of the country had a separate subculture, but all were economically, politically, and socially interdependent.