Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic importance of this product. Yergin is the IHS Vice Chairman, and as their website tells us, he is also a "Pulitzer-Prize winning author and
Oil has repeatedly been referred to as any economy’s lifeblood. Whereas this is an overemphasis, oil has been the utmost key, nonhuman resource of economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic prominence of this product. The book was published by Simon and Schuster in 2011 in New York, and contains 928 pages, as its ISBN is
half of its oil supply, weakening its overall strategic position and adding greatly to an already burdensome trade deficit – a precarious position for a great power” (Yergin 14). So said Daniel Yergin in the prologue of his 1990 bestseller The Prize: The Epic Quest for Oil, Money, and Power. Today, oil retains its importance in the hydrocarbon societies of developed and developing countries as a major engine of economic growth, but the story is not so simple. When Yergin wrote The Prize, the United
influence world politics is primarily based on much power they have. In purely academic terms, power is the ability of Actor A to get Actor B to do something that B would otherwise not do; the ability to get the other side to make concessions and to avoid having to make concessions oneself (Frieden P. A-6). Power is usually represented by the capability of a state to preserve or tip the balance of power towards their own national interests. Balance of power refers to a situation in which the military capabilities
Table of Contents I Persian Gulf Development Literature Oil Curse Literature Arab and Islamic Factors Regional Ovemiew and Historical Background Dubai's Development History I1 PI1 Explaining Dubai9sDevelopment Outcome Why Not Other Gulf States? Dubai versus the Development Literature IV Dubai in a Cornparatbe Corntext Saudi Arabia Qatar Brunei Conclusion Appendix Bibliography Introduction Dubai, a tiny, oil-exporting city-state located in the Persian Gulf, has recently
determining beginnings and endings that accord with major shifts in political and socioeconomic circumstances and dynamics rather than standard but arbitrary chronological break points. In the decades that followed the Great War, the victorious European powers appeared to have restored, even expanded, their global political and economic preeminence only to see it eclipsed by the emergence of the Soviet and U.S. superpowers on their periphery and a second round of even more devastating global conflict.