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  • ECONOMIC DIPLOMACY: EMBARGO LEVERAGE AND WORLD POLITICS
    ebook
    ECONOMIC DIPLOMACY: EMBARGO LEVERAGE AND WORLD POLITICS
    M. S. DAOUDI
    The 1983 collapse of world oil prices revived memories of a time only a decade earlier when the price of a barrel of oil did not exceed three dollars. By the late 1970s, spot market prices had reached peaks of forty dollars a barrel. A major role in creating these new realities was played by the 1973/1974 Arab oil embargo, which formed the psychological, political, and market c...

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