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5 - Is business the solution?

Published online by Cambridge University Press:  22 September 2009

Pete W. Moore
Affiliation:
University of Miami
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Summary

“An old merchant said to a person who wanted to find out the truth about commerce: ‘I shall give it to you in two words [in short]: buy cheap and sell dear. There is commerce for you.’”

Ibn Khaldun, The Muqaddimah

After decades of economic dislocation and the added turbulence of the 11 September 2001 attacks, policymakers, scholars, and popular commentators have expounded endlessly on the problems of the Middle East and potential solutions. One does not have to look very far to find arguments that business is one solution. Thomas Friedman is one of the more prominent tellers of this story. In his popular book, The Lexus and the Olive Tree, Friedman repeatedly refers to what he terms “the silent invasion going on in the Middle East – the invasion of information and private capital through the new system of globalization.” Friedman equates the olive tree with rootedness and tradition and the Lexus with the economic forces of globalization. In what Friedman cites as his favorite story of the Lexus trumping the olive tree, the author recounts a chance meeting with Jihad al-Wazir, son of Abu Jihad, Arafat's right-hand man, who was assassinated by the Israeli government in 1988. Friedman marvels to find that al-Wazir did not follow in his father's footsteps, but instead headed a trading firm in the Gaza Strip. “That's amazing [Friedman responds]. From Che Guevara to Dale Carnegie in one generation.”

Type
Chapter
Information
Doing Business in the Middle East
Politics and Economic Crisis in Jordan and Kuwait
, pp. 176 - 190
Publisher: Cambridge University Press
Print publication year: 2004

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  • Is business the solution?
  • Pete W. Moore, University of Miami
  • Book: Doing Business in the Middle East
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492242.006
Available formats
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  • Is business the solution?
  • Pete W. Moore, University of Miami
  • Book: Doing Business in the Middle East
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492242.006
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Is business the solution?
  • Pete W. Moore, University of Miami
  • Book: Doing Business in the Middle East
  • Online publication: 22 September 2009
  • Chapter DOI: https://doi.org/10.1017/CBO9780511492242.006
Available formats
×