The Hidden Hand of American Hegemony pdf epub mobi txt 电子书 下载 2024


The Hidden Hand of American Hegemony

简体网页||繁体网页
David E. Spiro
Cornell University Press
1999-9-9
208
GBP 37.00
Hardcover
Cornell Studies in Political Economy
9780801428845

图书标签: 国际政治经济学  政治学  国际关系  OperationKutuzov  finance  Finance  DD129  CrudeOil   


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发表于2024-12-23

The Hidden Hand of American Hegemony epub 下载 mobi 下载 pdf 下载 txt 电子书 下载 2024

The Hidden Hand of American Hegemony epub 下载 mobi 下载 pdf 下载 txt 电子书 下载 2024

The Hidden Hand of American Hegemony pdf epub mobi txt 电子书 下载 2024



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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 efficient markets then placed that new money in cash-poor Third World economies.

David Spiro has followed the money trail, and the story he tells contradicts the accepted beliefs. Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.

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