Whatever happened to OPEC? This book unravels the puzzle that has confounded all the experts: why did countries with such major divergences in size, population, resources, economic structures, governmental systems, culture, and ethnicity all follow the same path to political and economic development, and with such wretched results? How did OPEC members benefit from their three trillion-dollar windfall? Where did all that money go? This is the first book that charts OPEC’s rise, decline, and virtual disappearance as a commercial force in the world until its recent half-hearted re-emergence in the face of collapsed oil prices.
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Editorial Reviews
Review
“A Choice Outstanding Academic Title 1999” — Choice
“A blunt, vivid, and depressing account of what each of the thirteen OPEC members did with the oil income and where their economies have now ended up.” —Middle East Quarterly
“A blunt, vivid, and depressing account of what each of the thirteen OPEC members did with the oil income and where their economies have now ended up.” —Middle East Quarterly
About the Author
Jahangir Amuzegar is a distinguished economist and former member of the Executive Board of the IMF who lectures at Johns Hopkins University.
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Inside This Book
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First Sentence:
Of the world's major commodity clubs or cartels, none has proved as active and enduring as the Organisation of Petroleum Exporting Countries, in spite of highly improbable odds. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
two oil booms, second oil boom, windfall allocation, domestic absorptive capacity, first oil boom, most other group members, depressed oil market, oil export receipts, oil bounty, oil windfalls, domestic income distribution, oil export earnings, oil nationalisation, individual emirates, oil receipts, marker crude, crude oil output, defence outlays, development outlays, oil bust, oil income, oil earnings, private estimates, oil rent, oil sector Key Phrases - Capitalized Phrases (CAPs): (learn more)
Saudi Arabia, Persian Gulf, World Bank, Middle East, United States, Abu Dhabi, New York Times, Alan Gelb, International Monetary Fund, Latin America, Third World, World War, Country Study, Dutch Disease, Washington Post, Human Development Report, Jahangir Amuzegar, South Korea, Soviet Union, United Nations, Annual Report, Islamic Republic, North Sea, Seven Sisters, Southeast Asia New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Of the world's major commodity clubs or cartels, none has proved as active and enduring as the Organisation of Petroleum Exporting Countries, in spite of highly improbable odds. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
two oil booms, second oil boom, windfall allocation, domestic absorptive capacity, first oil boom, most other group members, depressed oil market, oil export receipts, oil bounty, oil windfalls, domestic income distribution, oil export earnings, oil nationalisation, individual emirates, oil receipts, marker crude, crude oil output, defence outlays, development outlays, oil bust, oil income, oil earnings, private estimates, oil rent, oil sector Key Phrases - Capitalized Phrases (CAPs): (learn more)
Saudi Arabia, Persian Gulf, World Bank, Middle East, United States, Abu Dhabi, New York Times, Alan Gelb, International Monetary Fund, Latin America, Third World, World War, Country Study, Dutch Disease, Washington Post, Human Development Report, Jahangir Amuzegar, South Korea, Soviet Union, United Nations, Annual Report, Islamic Republic, North Sea, Seven Sisters, Southeast Asia New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 55
books:
See all 55 books this book cites
2
books
cite this book:
- Saudi Arabia: A MEED Practical Guide by Trevor Mostyn on 5 pages
- Economic Theories of Exhaustible Resources by T. J. Robinson on page 21, and Back Matter
- Annual Report 2004 by Social Science Research Unit on page 114, and page 115
- The Great Frontier by Walter Prescott Webb on page 113
- The Rentier State (Nation, State and Integration in the Arab World, Vol 2) by Hazem Beblawi in Back Matter
See all 55 books this book cites
- Fiscal Policy Formulation and Implementation in Oil Producing Countries by Jeffrey M. Davis on page 79, and page 358
- The Politics Of Oil-producer Cooperation (Political Economy of Global Interdependence) by Dag Harald Claes in Back Matter
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