In order to think through the current, contradictory situation, this article aims at tackling a new form of development in (semi-) peripheral social formations by critically conceptualizing the formation of a fraction of the ruling classes and its specific development strategy. To comprehend class formation in the (semi-) periphery, we need to develop an adequate concept, which is appropriate for the peculiarity of this development. This article argues that the new fraction can be classified as a neo-national bourgeoisie (NNB).
Trade Arabia 2009