In This Review

Arab Oil Policies in the 1970s
Arab Oil Policies in the 1970s
By Yusif A. Sayigh
Johns Hopkins, 1983, 271 pp
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One of the few Arab economists to see oil problems in the large, Sayigh recounts and defends the revolutionary decisions of the past decade made by OPEC, OAPEC, and individual Arab states, and places them in a global historical context. He then points out the incomplete nature of that revolution and the need for Arab countries to assure their future by new and more farsighted policies in both upstream and downstream operations, and especially in using oil wealth for development. Supportive but not uncritical of the Arab record, generally negative and antagonistic toward the West, he nevertheless retains hope for a new international economic order based on true interdependence.