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The non-oil developing countries and OPEC: Coalition or conflict?

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Intereconomics

Abstract

For a time in the mid-1970s, “Third World solidarity” was at its zenith and the prospect of a new international economic order appeared to be within reach. But by the Cancun Summit in 1981 the schism between the oil exporting developing countries and the non-oil exporting developing countries had become apparent. What are the determinants of relationships between these two groups of countries? What are the prospects for the second half of the 1980s?

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References

  1. P. Hallwood, S. W. Sinclair: Oil, Debt and Development: OPEC in the Third World, London 1981.

  2. S. Amin: NIEO: How to put the Third World Surpluses to Effective Use, in: Third World Quarterly, January 1979, pp. 65–72.

  3. A. M. Jaidah: An Appraisal of OPEC Oil Policies, New York, London 1983, p. 119, italics added.

  4. The non-oil LDCs' terms of trade with the industrial countries displayed no secular trend during the 1970s (cf. P. Hallwood: Instability in the Terms of Trade of Primary Producers, in: OPEC Review, 1984, Vol. VIII, No. 1, pp. 49–62).

  5. B. Balassa: The Newly Industrializing Developing Countries After the Oil Crisis, in: Weltwirtschaftliches Archiv, 1981, Vol. 117, No. 1, pp. 142–194.

  6. B. Balassa: Adjustment Incentives and Development Strategies in Sub-Saharan Africa, 1973–78, in: World Bank, Development Research Department, Report No. DRD 41, 1982.

  7. Morgan Guaranty: World Financial Market, September 1983.

  8. D. P. Vincent: The Effects of Higher Oil Prices on Resource Allocation and Living Standards: The Case of Korea, in: The Developing Economies, September 1982, Vol. XX (3), pp. 279–300.

  9. The “extra” unit cost of oil is measured as the actual price per barrel minus the index linked (from 1960) price. The method and detailed results for the period up to 1978 are given in Hallwood, Sinclair, op. cit. P. Hallwood, S. W. Sinclair: Oil, Debt and Development: OPEC in the Third World, London 1981.

  10. Cf. Hallwood, Sinclair, op. cit. P. Hallwood, S. W. Sinclair: Oil, Debt and Development: OPEC in the Third World, London 1981.

  11. J. S. Birks, C. A. Sinclair: International Labour Migration in the Arab Middle East, in: Third World Quarterly, Vol. 1, No. 2, April 1979, pp. 87–99.

  12. I. Tsakok: The Export of Manpower From Pakistan to the Middle East, 1975–85, in: World Development, 1982, Vol. 10, No. 4, pp. 319–325.

  13. Cf. Tsakok, op. cit. I. Tsakok: The Export of Manpower From Pakistan to the Middle East, 1975–85, in: World Development, 1982, Vol. 10, No. 4, pp. 319–325.

  14. Ashraf Ali Syed et al.: Labour Migration from Bangladesh to the Middle East, World Bank Staff Working Paper No. 454, 1982; PIDE (Pakistan Institute of Development Economics): Labour Migration from Pakistan to the Middle East and its Impact on the Domestic Economy, Report Nos. 126, 127 and 128, 1982.

  15. F. Al-Chalabi: OPEC and the International Oil Industry; Oxford 1980.

  16. Brandt Commission: North-South: A Programme for Survival, The Report of the Independent Commission on International Development Issues, London 1980.

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Hallwood, C.P., Sinclair, S.W. The non-oil developing countries and OPEC: Coalition or conflict?. Intereconomics 19, 290–296 (1984). https://doi.org/10.1007/BF02928354

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