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Managing the Oil Wealth: OPEC's Windfalls and Pitfalls (Paperback)
$36.00
Not In Stock - Special Order (Subject to Availability)
Description
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.
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.
Praise for Managing the Oil Wealth: OPEC's Windfalls and Pitfalls…
“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
