This book provides an account of actual African experience and African criticisms. It is designed to examine the actual viability of the World Bank's structural adjustment strategies for Africa, all of which were designed to encourage export-led growth.
It is a fact, an unfortunate fact, that economic relations between the West and the Arab and other Islamic countries could for many years be described accurately in just three words Oil for Arms or alternatively Arms for Oil. This has a long history going back to the First World War, when the Ottoman Empire was broken up between the British and French Empires and client regimes were established in the newly created states. The Second World War brought in the American Empire, but the main purpose of all these empires was to control the rich oil reserves in the region. Arms were supplied as necessary to maintain the client regimes in power. This became essential if oil was to remain cheap.
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