The Kuwait Petroleum Corporation and the Economics of the New World Order

Overview

Economic and strategic power is not the exclusive province of powerful, developed countries. Kuwait has used its main resource, oil, to integrate itself into the world economy as an autonomous actor rather than as a dependent commodity exporter. This daring economic strategy enabled Kuwait to claim military support from governments hosting its direct investments overseas in 1990-91 following its invasion by Iraq. Based on five years of research, including interviews with more than 200 people, Dr. Tetreault's book...

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Westport, Conn 1995 First Edition. Hardback. No Dustjacket. Ex British Foreign Office library with a few library markings else VG. 8vo. ISBN: 0899305105 Pages: 246. *****PLEASE ... NOTE: This item is shipping from an authorized seller in Europe. In the event that a return is necessary, you will be able to return your item within the US. To learn more about our European sellers and policies see the BookQuest FAQ section***** Read more Show Less

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Overview

Economic and strategic power is not the exclusive province of powerful, developed countries. Kuwait has used its main resource, oil, to integrate itself into the world economy as an autonomous actor rather than as a dependent commodity exporter. This daring economic strategy enabled Kuwait to claim military support from governments hosting its direct investments overseas in 1990-91 following its invasion by Iraq. Based on five years of research, including interviews with more than 200 people, Dr. Tetreault's book analyzes the development of the Kuwait Petroleum Corporation in the context of domestic, regional, and world politics. Contrary to current thinking, she argues that multinational vertical integration under state ownership can be an optimal strategy for oil-exporting, developing countries, particularly those whose resource endowments are otherwise highly limited. This book is directed toward executives in natural resource industries, economic and strategic planners in public and private institutions, and those charged with the formulation and implementation of national, international, and transnational economic policy; in addition, it is of interest to academics specializing in political economy, development, industrial organization, regional and domestic politics, and international relations.

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Editorial Reviews

Booknews
Tetreault (political science, Iowa State U.) argues that the motive for the US reconquest of Kuwait from Iraq was not oil itself but the elaborate linkage between Kuwaiti oil and the domestic economies of the western states; that the New World Order so highly touted at the time had more to do with the collapse of the Soviet Union than with events in the Middle East; and that the shift in the global distribution of power has complex roots, including the interpenetration of large and small states by individuals and transnational organizations. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780899305103
  • Publisher: Greenwood Publishing Group, Incorporated
  • Publication date: 1/30/1995
  • Pages: 248
  • Product dimensions: 6.38 (w) x 9.56 (h) x 0.97 (d)

Meet the Author

MARY ANN TETREAULT is Professor of Political Science and Director of the Carrie Chapman Catt Center at Iowa State University.

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Table of Contents

Acknowledgments
Acronyms
1 Introduction 1
2 Strategy and Politics 13
3 Foreign Investments I: Swimming Upstream 27
4 Foreign Investments II: Sailing Downstream 47
5 Foundations 79
6 War and Reconstruction 123
7 Culture and Interests 161
8 KPC and the New World Order 193
Bibliography 211
Index 223
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