A heterogeneous group with shared objectives; the framework of analysis; OPEC's birth, growing pains and maturity; windfall allocation and adjustment policies; country report cards; cross-country performance; the Litmus tests; summary of findings.
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? This text explores OPEC's rise, decline and virtual disappearance as a commercial force.
Jahangir Amuzegar is a distinguished economist and former member of the Executive Board of the IMF who lectures at Johns Hopkins University.
"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
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