Managing the Oil Wealth
Subtitle: OPEC's Windfalls and Pitfalls
Publisher: I. B. Tauris
Published: March 15, 1999
Language: eng
Format: Hardcover
Number of pages: 256
ISBN-13: 9781860642920
Subjects: Development studies; Economic History; Economics; International relations; Petroleum & oil industries; Business & Economics / International; Economic Integration; Petroleum Resources Management; Business / Economics / Finance; Politics/International Relations
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.
Description: "Whatever happened to OPEC? This text unravels the puzzle: 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? It explores OPEC's rise, decline and virtual disappearance as a world commercial force."--Bloomsbury Publishing.