Managing the Oil Wealth: OPEC's Windfalls and Pitfalls - Hardcover

Amuzegar, Jahangir

Hardcover

ISBN 10: 1860642926 ISBN 13: 9781860642920

Publisher: I. B. Tauris, 1999

Synopsis

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? And where did all that money go? Why did the anticipated plenty, affluence, political stability and liberation all turn into austerity, deficits, debts, disappointment and decay? This is the first book which charts OPEC’s rise, decline and virtual disappearance as a commercial force in the world.

About this title

About the Author

Jahangir Amuzegar is a distinguished economist and former member of the Executive Board of the IMF who lectures at the Johns Hopkins University.

Review

...should be required reading for anyone concerned with the newly revived debate over energy security. Middle East Policy

Edition details

• Publisher: I. B. Tauris
• Publication date: 1999
• ISBN 10: 1860642926
• ISBN 13: 9781860642920
• Binding: Hardcover
• Language: English
• Number of pages: 256