This first-rate study sponsored by the Royal Institute of International Affairs in London goes beyond its subtitle. Plans and prospects for the production of petrochemicals in Saudi Arabia and Iran are the starting place, but a major emphasis is on the resulting problems of adjustment in the older producing centers, especially in Western Europe. Some of the detail has become irrelevant or misleading, but the analysis of the strengths and weaknesses of the new producers and the multinationals, and the policy issues that have to be faced by the OECD, will continue to be helpful in understanding what are likely to be very troublesome problems.
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