Oil, Debt and Development: OPEC in the Third World

Paul Hallwood and Stuart Sinclair
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Stuart Sinclair: Lloyds Bank

No 2017-16, Working papers from University of Connecticut, Department of Economics

Abstract: Our original monograph, Oil, Debt and Development: OPEC in the Third World was re-issued in 2016. As there was not enough time to write a new Preface reflecting how our ideas had stood the test of time, we offer this short paper touching on some of the book’s main themes, in particular, the nature of OPEC as a cartel, the terms of trade between oil prices and developing country non-oil primary commodity export prices, the generosity of Arab foreign aid, oil prices and oil importing countries’ foreign debts, and the importance of migrant worker remittances from Arab OPEC host countries to the main sending countries.

Keywords: OPEC; Arab aid; oil exports; oil shock (search for similar items in EconPapers)
JEL-codes: F5 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2017-07
New Economics Papers: this item is included in nep-ara, nep-ene and nep-int
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:uct:uconnp:2017-16

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