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Author: David M. Wight
Publisher: Cornell University Press
ISBN: 1501715747
Category : Political Science
Languages : en
Pages : 360
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Book Description
In Oil Money, David M. Wight offers a new framework for understanding the course of Middle East–US relations during the 1970s and 1980s: the transformation of the US global empire by Middle East petrodollars. During these two decades, American, Arab, and Iranian elites reconstituted the primary role of the Middle East within the global system of US power from a supplier of cheap crude oil to a source of abundant petrodollars, the revenues earned from the export of oil. In the 1970s, the United States and allied monarchies, including the House of Pahlavi in Iran and the House of Saud in Saudi Arabia, utilized petrodollars to undertake myriad joint initiatives for mutual economic and geopolitical benefit. These petrodollar projects were often unprecedented in scope and included multibillion-dollar development projects, arms sales, purchases of US Treasury securities, and funds for the mujahedin in Afghanistan. Although petrodollar ties often augmented the power of the United States and its Middle East allies, Wight argues they also fostered economic disruptions and state-sponsored violence that drove many Americans, Arabs, and Iranians to resist Middle East–US interdependence, most dramatically during the Iranian Revolution of 1979. Deftly integrating diplomatic, transnational, economic, and cultural analysis, Wight utilizes extensive declassified records from the Nixon, Ford, Carter, and Reagan administrations, the IMF, the World Bank, Saddam Hussein's regime, and private collections to make plain the political economy of US power. Oil Money is an expansive yet judicious investigation of the wide-ranging and contradictory effects of petrodollars on Middle East–US relations and the geopolitics of globalization.
Author: David M. Wight
Publisher: Cornell University Press
ISBN: 1501715747
Category : Political Science
Languages : en
Pages : 360
Get Book Here
Book Description
In Oil Money, David M. Wight offers a new framework for understanding the course of Middle East–US relations during the 1970s and 1980s: the transformation of the US global empire by Middle East petrodollars. During these two decades, American, Arab, and Iranian elites reconstituted the primary role of the Middle East within the global system of US power from a supplier of cheap crude oil to a source of abundant petrodollars, the revenues earned from the export of oil. In the 1970s, the United States and allied monarchies, including the House of Pahlavi in Iran and the House of Saud in Saudi Arabia, utilized petrodollars to undertake myriad joint initiatives for mutual economic and geopolitical benefit. These petrodollar projects were often unprecedented in scope and included multibillion-dollar development projects, arms sales, purchases of US Treasury securities, and funds for the mujahedin in Afghanistan. Although petrodollar ties often augmented the power of the United States and its Middle East allies, Wight argues they also fostered economic disruptions and state-sponsored violence that drove many Americans, Arabs, and Iranians to resist Middle East–US interdependence, most dramatically during the Iranian Revolution of 1979. Deftly integrating diplomatic, transnational, economic, and cultural analysis, Wight utilizes extensive declassified records from the Nixon, Ford, Carter, and Reagan administrations, the IMF, the World Bank, Saddam Hussein's regime, and private collections to make plain the political economy of US power. Oil Money is an expansive yet judicious investigation of the wide-ranging and contradictory effects of petrodollars on Middle East–US relations and the geopolitics of globalization.
Author: Steven G. Galpern
Publisher: Cambridge University Press
ISBN: 9781107657182
Category : Political Science
Languages : en
Pages : 0
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Book Description
This book is an important political and economic history of the unravelling of the British Empire and its connection to the decline of sterling as a leading international currency. Analyzing events such as the 1951 Iranian oil nationalization crisis and the 1956 Suez crisis, Steven Galpern provides a new perspective on British imperialism in the Middle East by reframing British policy in the context of the government's postwar efforts to maintain the international prestige of the pound. He reveals the link that British officials made between the Middle Eastern oil trade and the strength of sterling and how this influenced government policy and strained relationships with the Middle East, the United States, and multinational oil firms. In so doing, this book draws revealing parallels between the British experience and that of the United States today and will be essential reading for scholars of the British empire, Middle East studies and economic history.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 57
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Book Description
Author: David M. Wight
Publisher: Cornell University Press
ISBN: 1501715739
Category : Political Science
Languages : en
Pages : 234
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Book Description
In Oil Money, David M. Wight offers a new framework for understanding the course of Middle East–US relations during the 1970s and 1980s: the transformation of the US global empire by Middle East petrodollars. During these two decades, American, Arab, and Iranian elites reconstituted the primary role of the Middle East within the global system of US power from a supplier of cheap crude oil to a source of abundant petrodollars, the revenues earned from the export of oil. In the 1970s, the United States and allied monarchies, including the House of Pahlavi in Iran and the House of Saud in Saudi Arabia, utilized petrodollars to undertake myriad joint initiatives for mutual economic and geopolitical benefit. These petrodollar projects were often unprecedented in scope and included multibillion-dollar development projects, arms sales, purchases of US Treasury securities, and funds for the mujahedin in Afghanistan. Although petrodollar ties often augmented the power of the United States and its Middle East allies, Wight argues they also fostered economic disruptions and state-sponsored violence that drove many Americans, Arabs, and Iranians to resist Middle East–US interdependence, most dramatically during the Iranian Revolution of 1979. Deftly integrating diplomatic, transnational, economic, and cultural analysis, Wight utilizes extensive declassified records from the Nixon, Ford, Carter, and Reagan administrations, the IMF, the World Bank, Saddam Hussein's regime, and private collections to make plain the political economy of US power. Oil Money is an expansive yet judicious investigation of the wide-ranging and contradictory effects of petrodollars on Middle East–US relations and the geopolitics of globalization.
Author: Mr.Bright E Okogu
Publisher: International Monetary Fund
ISBN: 9781589062344
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
The world oil market has undergone a series of changes that have reduced the share of oil in the global energy balance and, with it, the influence of Middle Eastern oil exporters. In spite of oil’s loss of ground, however, Middle Eastern countries remain at the center of world oil developments. This paper focuses on the developments in the international oil market, the role of Middle Eastern countries therein, and the policy challenges arising from the dependency on oil.
Author: Benjamin Shwadran
Publisher: John Wiley & Sons
ISBN:
Category : Business & Economics
Languages : en
Pages : 688
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Book Description
Author: Dr King
Publisher: Heinemann-Raintree Library
ISBN: 9781410916242
Category : History
Languages : en
Pages : 64
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Book Description
Oil is an important resource for the world, and we are dependent on the Middle East for much of our supply. This book answers key questions about the region's history, such as: How did oil affect the development of the Middle East's countries? How have oil incomes benefited the region's people? Has oil been the cause of conflict in the Middle East?
Author: Anthony H. Cordesman
Publisher: Bloomsbury Publishing USA
ISBN: 0313026750
Category : Social Science
Languages : en
Pages : 328
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Book Description
The Middle Eastern and North African region (MENA) dominates world energy exports today and will likely do so for decades to come, even if world consumers make steady progress in conservation, renewable energy sources, and increases from gas, coal, and nuclear power. The MENA region, however, has been the scene of both internal crises and external conflicts. On several occasions, these crises have affected either the flow of MENA energy exports or the development of energy production and export capacity. The politics, economics, and social dynamics that shape threats to regional stability are complex. Cordesman details the factors behind these diverse forces and outlines current supply levels and future trends, taking each of these variables into consideration. The MENA area includes at least 22 states, with a combined population of nearly 300 million, each with different political, economic, demographic, and security conditions and needs. It is divided into at least four sub-regions including the Maghreb (Mauritania, Morocco, Algeria, Libya, and Tunisia); the Levant and the Arab-Israeli confrontation states (Egypt, Israel, Jordan, Lebanon, and Syria); the Gulf (Iran, Iraq, Kuwait, Bahrain, Qatar, Saudi Arabia, the UAE, and Oman); and the Red Sea states (Yemen, the Sudan, and Somalia). This important guide outlines the forces affecting each sub-region, including supply, demand, and financing, and forecasts the likely impact that different scenarios would have on energy resources under varying world conditions.
Author: Edith Penrose
Publisher: Routledge
ISBN: 0429616481
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
Published in 1971: At first glance it might seem that the three subjects dealt with in the essays written over the last twenty years and now collected in this volume could hardly be more diverse, beginning with the growth of the firm and moving from the international petroleum industry to the Middle East generally. Oddly enough, however, these subjects are connected by the same type of historical logic that characterizes the diversification of an industrial firm: the logic in the simple principle that one thing leads to another.
Author: Andrew C. Hess
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
