The Hidden Hand of American Hegemony
Petroleum products
Balance of payments
International Monetary Fund
United states, foreign economic relations
International finance
Foreign economic relations
Prices
"Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: Enormous amounts of money flowed into oil-rich states, and effic…
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