The Third World Perspective on Petroleum: The Travails of the ‘Haves’ and the Plight of the ‘Have-Nots’

Hasan S. Zakariya

Chapter 9 in The International Oil Industry, 1987, pp 107-128 from Palgrave Macmillan

Abstract: Abstract The term ‘third-world’ has come to denote those 120-odd countries which represent the balance of the. world community after excluding the industrialized developed countries of both the market economy (the first world) and the centrally planned economy (the second world).As such, the third world is a very big and mixed bag indeed, which itself may well be divided into two or three distinct categories or smaller worlds. In spite of the fact that the term might not be precise or entirely satisfactory, it would seem to have at least the redeeming value of practical convenience.

Keywords: Gross Domestic Product; Petroleum Exploration; International Development Association; OPEC Country; Transnational Company (search for similar items in EconPapers)
Date: 1987
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DOI: 10.1007/978-1-349-09340-3_9

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