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Oil, Debt and Development: OPEC in the Third World

Listed author(s):
  • Paul Hallwood

    (University of Connecticut)

  • Stuart Sinclair

    (Lloyds Bank)

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.

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File URL: http://web2.uconn.edu/economics/working/2017-16.pdf
File Function: Full text
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Paper provided by University of Connecticut, Department of Economics in its series Working papers with number 2017-16.

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Length: 13 pages
Date of creation: Jul 2017
Handle: RePEc:uct:uconnp:2017-16
Contact details of provider: Postal:
University of Connecticut 365 Fairfield Way, Unit 1063 Storrs, CT 06269-1063

Phone: (860) 486-4889
Fax: (860) 486-4463
Web page: http://www.econ.uconn.edu/

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  1. Eric Neumayer, 2003. "What Factors Determine the Allocation of Aid by Arab Countries and Multilateral Agencies?," Journal of Development Studies, Taylor & Francis Journals, vol. 39(4), pages 134-147.
  2. Hernandez , Diego & Vadlamannati , Krishna Chaitanya, 2014. "Politics of Religiously Motivated Lending: An Empirical Analysis of Aid Allocation by the Islamic Development Bank," Working Papers 0570, University of Heidelberg, Department of Economics.
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