Title: Managing the Oil Wealth
First published: March 15, 1999
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.
Subjects: Organization of Petroleum Exporting Countries, Petroleum industry and trade, Political aspects, Political aspects of Petroleum industry and trade, Oil industries, Economic history, History
Places: Middle East, Persian Gulf
LC classification: HD9560.5 .A538 2001