Until 1973 few people, either in the advanced, industrial countries or in the developing countries of the Third World, thought seriously on the issues and complexities involved in the production and marketing of the oil on which they relied. It was only with the sudden steep increases in oil prices that the oil industry became a matter of general discussion, and the Organisation of Petroleum Exporting Countries (OPEC) became a front page topic for analysis and comment. However, real understanding of the organisation and its policies did not accompany this rush of interest and much confusion has followed. In particular, the Arab exporters have received the weight of the criticism although they have only a share in the market and not a monopoly. This book attempts to instil a greater mutual understanding between oil exporters and importers, although it is not a wholesale endorsement of Arab policies, by outlining the major policy areas in this field. It looks at new policy options and their implications in exploration, marketing and pricing and at downstream operations such as the petrochemical and gas industries. In conclusion, this study identifies the wide-ranging opportunities that the new oil policies have opened up for the Arab countries, in the national, regional and international context, and assesses and clarifies the responsibilities which accompany this success. First published in 1983.
This book, a comprehensive study of twelve of the economies of key countries of the Arab world, has three main objectives: to record the developmental achievements and failings of each country; to examine the main issues arising in the drive for development; and to assess the future outlook for development for each country. Most of the countries studied only gained independence from their colonial masters in recent decades, and the process of economic development has necessarily been accompanied by political development. First published in 1978.
This book, a comprehensive study of twelve of the economies of key countries of the Arab world, has three main objectives: to record the developmental achievements and failings of each country; to examine the main issues arising in the drive for development; and to assess the future outlook for development for each country. Most of the countries studied only gained independence from their colonial masters in recent decades, and the process of economic development has necessarily been accompanied by political development. First published in 1978.
This book explores in depth the factors determining economic development in the Arab region. The particular factors relevant to the Arab world are also set within the context of the broad political economy of underdevelopment. The factors are identified as comprising three main groups: economic, political administrative and socio-cultural; petroleum and regional Arab economic development are examined separately. The force and operation of each determinant is further assessed in the context of the individual countries, from which the author is able to arrive at some important conclusions concerning the interaction of these determinants and their impact upon development. First published in 1978.
Until 1973 few people, either in the advanced, industrial countries or in the developing countries of the Third World, thought seriously on the issues and complexities involved in the production and marketing of the oil on which they relied. It was only with the sudden steep increases in oil prices that the oil industry became a matter of general discussion, and the Organisation of Petroleum Exporting Countries (OPEC) became a front page topic for analysis and comment. However, real understanding of the organisation and its policies did not accompany this rush of interest and much confusion has followed. In particular, the Arab exporters have received the weight of the criticism although they have only a share in the market and not a monopoly. This book attempts to instil a greater mutual understanding between oil exporters and importers, although it is not a wholesale endorsement of Arab policies, by outlining the major policy areas in this field. It looks at new policy options and their implications in exploration, marketing and pricing and at downstream operations such as the petrochemical and gas industries. In conclusion, this study identifies the wide-ranging opportunities that the new oil policies have opened up for the Arab countries, in the national, regional and international context, and assesses and clarifies the responsibilities which accompany this success. First published in 1983.
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