CEU Electronic Theses and Dissertations, 2019
| Author | Alqarout, Ahmed |
|---|---|
| Title | The Pursuit of Stability: Financial Liberalisation and Regime Stability in Saudi Arabia and Iran |
| Summary | The stability of the two most dominant regional forces in a region prone to instability is an indication of broader regional stability. Moreover, in the age of financial warfare and free capital movement, understanding the influence of money and finance on political regimes stability is of utmost importance. This research investigates political (in)stability in Saudi Arabia and Iran by exploring the impact of financial liberalisation policies on their political regimes’ (in)stability. Using the Most Similar Systems Design, it shows, on the one hand, that Saudi Arabia is politically more stable than Iran, for it enjoys greater levels of financial liberalisation and openness with significant linkages to the international financial system, which boosts growth, incomes, foreign policy, and regime legitimacy. On the other hand, Iran, facing financial sanctions and warfare, limited successful financial liberalisation, and risky foreign policy making is more prone to instability as it fails to achieve growth and higher incomes and sustains inflation and currency crises. The research speculates that future regional stability, among other things, will be influenced by how states in the region conduct their financial liberalisation policy in a way that does not hinder their economic prospect, political stability, and societal cohesion. |
| Supervisor | Folsz, Attila |
| Department | Political Science MA |
| Full text | https://www.etd.ceu.edu/2019/alqarout_ahmed.pdf |
Visit the CEU Library.
© 2007-2021, Central European University