Askari and Krichene provide a comprehensive background for recent international financial crises rapid expansion of interest-bearing debt and monetary expansion though the fractional reserve banking system. In this context, the authors provide an analysis of the experience and issues associated with international payments systems the various forms of the gold standard, the Bretton Woods system and the present system of flexible exchange rates. The authors go on to examine the case for fixe...

This book analyzes the origins of conflicts and wars in the Persian Gulf, assesses the common factor(s) that have been their essential fuel, determines their fallout for the political, economic, and human development of the region, and provides insight into how they may be better contained.

Challenges in Economic and Financial Policy Formulation provides an introductory, yet comprehensive, treatment of macroeconomic policies and their implementation in an Islamic-designed economic system.

The financialization of the economy has brought a number of interrelated problems which have contributed to growing income and wealth inequality. Askari and Mirakhor assert that it is time to make a bold change by putting our financial house in order and on a better path, advocating for a fundamental reform of the financial system.

This book briefly surveys the evolution of the Western concept of development, recognizing the wider dimensions of human and economic development and the role of institutions and rules, which has moved toward the vision and the path of development envisaged in Islam.

This book is an analysis of how oil has affected governance and human, political, and economic development in the countries of the Persian Gulf and shaped these countries' relations with the rest of the world.

Beginning in December 2010 popular revolt swept through the Middle East, shocking the world and ushering in a period of unprecedented unrest. Protestors took to the streets to demand greater freedom, democracy, human rights, social justice, and regime change. What caused these uprisings? What is their significance? And what are their likely consequences? In an engaging question-and-answer format, The Arab Uprisings explores all aspects of the revolutionary protests that have rocked the Mid...

For thirty years Sudan has been a country in crisis, wracked by near-constant warfare between the north and the south. But on July 9, 2011, South Sudan became an independent nation. As Sudan once again finds itself the focus of international attention, former special envoy to Sudan and director of USAID Andrew Natsios provides a timely introduction to the country at this pivotal moment in its history. Focusing on the events of the last 25 years, Natsios sheds light on the origins of the co...

When it invaded Afghanistan in 2001, the United States sought to do something previous foreign powers had never attempted: to create an Afghani state where none existed. More than a decade on, the new regime in Kabul remains plagued by illegitimacy and ineffectiveness. What happened? As Thomas Barfield shows, the history of previous efforts to build governments in Afghanistan does much to explain the difficulties besetting this newest experiment.Princeton Shorts are brief selection...

While the 2011 Egyptian revolution has already become the subject of much debate, the roots of the socio-economic context which made the revolution possible have seldom been explored. Roberto Roccu addresses this gap and in doing this provides the first detailed study of the deeper causes of the Egyptian revolution. Relying on an innovative understanding of Antonio Gramsci's thought, He argues that economic reforms implemented since the late 1980s provided the conditions for both the emerg...

One of our foremost authorities on modern Afghanistan, Barnett R. Rubin has dedicated much of his career to the study of this remote mountain country. He served as a special advisor to the late Ambassador Richard Holbrooke during his final mission to the region and still serves the Obama administration under Holbrooke's successor, Ambassador Marc Grossman. Now Rubin distills his unmatched knowledge of Afghanistan in this invaluable book. He shows how the Taliban arose in resistance to warl...