In a new edition of their book, Clement Moore Henry and Robert Springborg reflect on what has happened to the region's economy since 2001. How have the various countries in the Middle East responded to the challenges to globalization and to the rise of political Islam, and what changes have occurred? Utilizing the country categories they applied in the previous edition and further elaborating the significance of the structural power of capital and Islamic finance, they demonstrate how over the past decade the monarchies and the conditional democracies continue to fare better than the military dictatorships or "bullies" and the "bunker states.""This is a very interesting, provocative and thought-provoking book by two of the most experienced political scientists-turned-political economists, at work on the Middle East." ---E. Roger Owen; A.J. Meyer Professor of Middle Eastern History, Harvard University"Categories chosen are not just eye-catching but explantory... This richly detailed, demanding study deserves a careful reading."---Foreign Affairs"This volume makes several significant contributions to the growing literature on the political economy of the Middle East."---Middle East Journal"...the volume marks a milestone in studying the impact of globalization on the MENA region. It will be of particular use to students of the Middle East, but also to anyone seeking a better understanding of the challenges and opportunities facing regional governments in the years and decades to come."---International Journal"...an excellent presentation of the opportunities much of the Middle East has missed and the costs of this failure."---Development Policy Review Read Less