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Money, Oil, and Empire in the Middle East

Author: Steven G. Galpern

Publisher: Cambridge University Press

Published: 2013-07-18

Total Pages: 0

ISBN-13: 9781107657182

This book is an important political and economic history of the unravelling of the British Empire and its connection to the decline of sterling as a leading international currency. Analyzing events such as the 1951 Iranian oil nationalization crisis and the 1956 Suez crisis, Steven Galpern provides a new perspective on British imperialism in the Middle East by reframing British policy in the context of the government's postwar efforts to maintain the international prestige of the pound. He reveals the link that British officials made between the Middle Eastern oil trade and the strength of sterling and how this influenced government policy and strained relationships with the Middle East, the United States, and multinational oil firms. In so doing, this book draws revealing parallels between the British experience and that of the United States today and will be essential reading for scholars of the British empire, Middle East studies and economic history.

Oil Money

Author: David M. Wight

Publisher: Cornell University Press

Published: 2021-07-15

Total Pages: 360

ISBN-13: 1501715747

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In Oil Money, David M. Wight offers a new framework for understanding the course of Middle East–US relations during the 1970s and 1980s: the transformation of the US global empire by Middle East petrodollars. During these two decades, American, Arab, and Iranian elites reconstituted the primary role of the Middle East within the global system of US power from a supplier of cheap crude oil to a source of abundant petrodollars, the revenues earned from the export of oil. In the 1970s, the United States and allied monarchies, including the House of Pahlavi in Iran and the House of Saud in Saudi Arabia, utilized petrodollars to undertake myriad joint initiatives for mutual economic and geopolitical benefit. These petrodollar projects were often unprecedented in scope and included multibillion-dollar development projects, arms sales, purchases of US Treasury securities, and funds for the mujahedin in Afghanistan. Although petrodollar ties often augmented the power of the United States and its Middle East allies, Wight argues they also fostered economic disruptions and state-sponsored violence that drove many Americans, Arabs, and Iranians to resist Middle East–US interdependence, most dramatically during the Iranian Revolution of 1979. Deftly integrating diplomatic, transnational, economic, and cultural analysis, Wight utilizes extensive declassified records from the Nixon, Ford, Carter, and Reagan administrations, the IMF, the World Bank, Saddam Hussein's regime, and private collections to make plain the political economy of US power. Oil Money is an expansive yet judicious investigation of the wide-ranging and contradictory effects of petrodollars on Middle East–US relations and the geopolitics of globalization.

Oil and Money

Author: Andrew C. Hess

Publisher:

Published: 2000

Total Pages: 0

ISBN-13:

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Resurrecting Empire

Author: Rashid Khalidi

Publisher: Beacon Press

Published: 2010-07-01

Total Pages: 248

ISBN-13: 080700314X

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Begun as the United States moved its armed forces into Iraq, Rashid Khalidi's powerful and thoughtful new book examines the record of Western involvement in the region and analyzes the likely outcome of our most recent Middle East incursions. Drawing on his encyclopedic knowledge of the political and cultural history of the entire region as well as interviews and documents, Khalidi paints a chilling scenario of our present situation and yet offers a tangible alternative that can help us find the path to peace rather than Empire. We all know that those who refuse to learn from history are doomed to repeat it. Sadly, as Khalidi reveals with clarity and surety, America's leaders seem blindly committed to an ahistorical path of conflict, occupation, and colonial rule. Our current policies ignore rather than incorporate the lessons of experience. American troops in Iraq have seen first hand the consequences of U.S. led "democratization" in the region. The Israeli/Palestinian conflict seems intractable, and U.S. efforts in recent years have only inflamed the situation. The footprints America follows have led us into the same quagmire that swallowed our European forerunners. Peace and prosperity for the region are nowhere in sight. This cogent and highly accessible book provides the historical and cultural perspective so vital to understanding our present situation and to finding and pursuing a more effective and just foreign policy.

Nuclear Reactions

Author: Mark S. Bell

Publisher: Cornell University Press

Published: 2021-04-15

Total Pages: 233

ISBN-13: 1501754173

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Nuclear Reactions analyzes how nuclear weapons change the calculations states make in their foreign policies, why they do so, and why nuclear weapons have such different effects on the foreign policies of different countries. Mark S. Bell argues that nuclear weapons are useful for more than deterrence. They are leveraged to pursue a wide range of goals in international politics, and the nations that acquire them significantly change their foreign policies as a result. Closely examining how these effects vary and what those variations have meant in the United States, the United Kingdom, and South Africa, Bell shows that countries are not generically "emboldened"—they change their foreign policies in different ways based on their priorities. This has huge policy implications: What would Iran do if it were to acquire nuclear weapons? Would Japanese policy toward the United States change if Japan were to obtain nuclear weapons? And what does the looming threat of nuclear weapons mean for the future of foreign policy? Far from being a relic of the Cold War, Bell argues, nuclear weapons are as important in international politics today as they ever were. Thanks to generous funding from the University of Minnesota and its participation in TOME, the ebook editions of this book are available as Open Access volumes, available from Cornell Open (cornellpress.cornell.edu/cornell-open) and other repositories.

Oil in the Middle East

Author: Dr King

Publisher: Capstone Classroom

Published: 2005-11

Total Pages: 60

ISBN-13: 9781410916303

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Examines the impact of the Middle East's oil industry on the development of the region's countries, the benefit of oil income to the region's people, the role of oil in the conflicts of the Middle East, and other topics related to the Middle Eastern oil industry.

Rulers, Religion, and Riches

Author: Jared Rubin

Publisher: Cambridge University Press

Published: 2017-02-16

Total Pages: 297

ISBN-13: 110703681X

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This book seeks to explain the political and religious factors leading to the economic reversal of fortunes between Europe and the Middle East.

AngloArabia

Author: David Wearing

Publisher: John Wiley & Sons

Published: 2018-11-26

Total Pages: 240

ISBN-13: 1509532064

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UK ties with Saudi Arabia and the other Gulf monarchies are under the spotlight as never before. Huge controversy surrounds Britain’s alliances with these deeply repressive regimes, and the UK’s key supporting role in the disastrous Saudi-led intervention in Yemen has lent added urgency to the debate. What lies behind the British government’s decision to place politics before principles in the Gulf? Why have Anglo-Arabian relations grown even closer in recent years, despite ongoing, egregious human rights violations? In this ground-breaking analysis, David Wearing argues that the Gulf Arab monarchies constitute the UK’s most important and lucrative alliances in the global south. They are central both to the British government’s ambitions to retain its status in the world system, and to its post-Brexit economic strategy. Exploring the complex and intertwined structures of UK-Gulf relations in trade and investment, arms sales and military cooperation, and energy, Wearing shines a light on the shocking lengths to which the British state has gone in order to support these regimes. As these issues continue to make the headlines, this book lifts the lid on ‘AngloArabia’ and what’s at stake for both sides.

Empires and Anarchies

Author: Michael Quentin Morton

Publisher: Reaktion Books

Published: 2017-09-15

Total Pages: 256

ISBN-13: 1780238614

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Oil lies at the heart of the modern history of the Middle East. For decades, the world’s largest oil reserves have enriched the region’s nations. But oil wealth has not brought with it universal prosperity. It has, though, transformed the Middle Eastern people and societies—enriching empires and engendering anarchies. Empires and Anarchies is an unconventional history of oil in the Middle East. In Michael Quentin Morton’s account the burnt-out remains of Saddam Hussein’s armaments and the human tragedy of the Arab Spring are as much of the story as the shimmering skylines of oil-rich nations. From the first explorers trudging through the desert to the excesses of the Peacock Throne and the high stakes of OPEC, Morton lays out the history of oil in compelling detail, arguing that oil simultaneously enriched and fractured the Middle East, eroding traditional ways of life, and eventually contributing to the rise of Islamic radicalism. The book is essential reading for anyone interested in the promises and peril of the world’s oil boom.

Making Space for the Gulf

Author: Arang Keshavarzian

Publisher: Stanford University Press

Published: 2024-04-16

Total Pages: 401

ISBN-13: 150363888X

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The Persian Gulf has long been a contested space—an object of imperial ambitions, national antagonisms, and migratory dreams. The roots of these contestations lie in the different ways the Gulf has been defined as a region, both by those who live there and those beyond its shore. Making Space for the Gulf reveals how capitalism, empire-building, geopolitics, and urbanism have each shaped understandings of the region over the last two centuries. Here, the Gulf comes into view as a created space, encompassing dynamic social relations and competing interests. Arang Keshavarzian writes a new history of the region that places Iran, Iraq, and the Arabian Peninsula together within global processes. He connects moments more often treated as ruptures—the discovery of oil, the Iranian Revolution, the rise and decline of British empire, the emergence of American power—and crafts a narrative populated by a diverse range of people—migrants and ruling families, pearl-divers and star architects, striking taxi drivers and dethroned rulers, protectors of British India and stewards of globalized American universities. Tacking across geographic scales, Keshavarzian reveals how the Gulf has been globalized through transnational relations, regionalized as a geopolitical category, and cleaved along national divisions and social inequalities. When understood as a process, not an object, the Persian Gulf reveals much about how regions and the world have been made in modern times. Making Space for the Gulf offers a fresh understanding of this globally consequential place.