Sticky Power

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Although modern civilization revolves around money, the nature of money is paradoxical. It is nothing more than a representation of and medium for decentralized networks of social trust, but its production is controlled by highly centralized networks of firms, places, and governments, and there is never enough of it to go around. Moreover, given that the creation of money, as credit, is based on expectations, money is at its heart an instrument for human agency to change the future. However, the financial systems that produce money are deeply rooted in the past, and perpetuate themselves through history. Sticky Power seeks to deepen our understanding of the paradox of money by introducing a novel conceptual lens, Global Financial Networks, to cast new light on the geography, history, politics, and sociology of finance from the Middle Ages to the global financial crisis and beyond. It shows that the power of finance is inherently sticky: apparently new innovations such as offshore finance actually date back centuries, and global financial networks more broadly have adapted to the rise and fall of empires and the development of new technologies while changing surprisingly little in their basic character, or at most changing very slowly. Haberly and Wójcik argue that a recognition of the mechanics of this durability calls for a new approach to reforming finance--one less reactively focused on regulation, and more proactively focused on building new institutional systems with a long-term sticky power of their own.

This book explains the parameters of Qatar’s political growth by developing an alternative theory of power – ‘rented’ power. The author demonstrates how Qatar’s emergence as a regional power can be solely explained by its capacity as a gas-rich rentier state. By using Qatar as an empirical case study of the ‘rented’ power theory, readers will gain insight into Qatar’s engagement with non-state actors (political Islam, tribes, media, sports, and others) to wield its power, allowing Qatar to ‘rent’ the well-established influence of non-state actors due to their transnational nature. The Qatari case demonstrates a state’s ability to establish a patron-client relationship with non-state actors, overcoming limitations set by size or military strength to gain international influence. This book is accessible to a wide readership: it will be of interest of scholars, postgraduates, journalists, policy experts, and a general audience whose interests include the politics of the Middle East and the GCC states particularly

An essential reference for anyone searching for ways to avoid or mitigate the problem of cotton stickiness.

Water Security in the Middle East argues that, while conflicts over transboundary water systems in the Middle East do occur, they tend not to be violent nor are they the primary cause of a war in this region. The contributors in this collection of essays place water disputes in larger political, historical and scientific contexts and discuss how the humanities and social sciences contribute towards this understanding. The authors contend that international sharing of scientific and technological advances can significantly increase access to water and improve water quality. While scientific advances can and should increase adaptability to changing environmental conditions, especially climate change, national institutional reform and the strengthening of joint commissions are vital. The contributors indicate ways in which cooperation can move from simple coordination to sophisticated, adaptive and equitable modes of water management.

Helps the United States and the rest of the world better comprehend the facts and dynamics underpinning China's rise. This book analyzes the data on China's economy, foreign and domestic policy, and national security.

In a world witnessing the transformative rise of China, the intricate dynamics of its soft power diplomacy have become a focal point of global attention. As geopolitical landscapes shift, the need to understand how China crafts its foreign policy, especially through the strategic use of soft power, becomes imperative. Soft Power and Diplomatic Strategies in Asia and the Middle East is a crucial resource to unraveling these complexities. The book addresses the post-COVID-19 changes in China's soft power application, providing an in-depth, comparative analysis of its diplomatic endeavors in the Middle East and East Asia. By exploring cultural exchanges, economic collaborations, and religious engagements, the book offers nuanced insights into China's strategies, making it an indispensable tool for academics, policymakers, diplomats, and those intrigued by contemporary geopolitics. This book aims to dissect the multifaceted approaches China employs to achieve its diplomatic objectives. From cultural initiatives to economic partnerships and religious engagements, the book unravels the adaptability and complexity of China's foreign policy mechanisms. Its primary objective is to provide a comparative framework for studying China's soft power diplomacy, filling a notable gap in existing scholarship. The interdisciplinary approach ensures rich, diverse analyses, fostering dialogues across international relations, Asian studies, and political science. By offering new theories, methodologies, and empirical data, the book not only challenges existing notions but also sparks further academic inquiry into the strategic use of soft power in foreign policy.