The Armadollar-Petrodollar Coalition and the Middle East

The Armadollar-Petrodollar Coalition and the Middle East
Rowley, Robin and Bichler, Shimshon and Nitzan, Jonathan. (1989). Working Papers. Department of Economics. McGill University. Vol. 89. No. 10. pp. 1-54. (Article - Working Paper; English).

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Abstract or Brief Description

This is the third paper in a series of four essays that deal with recent developments affecting the political economy of armaments. It begins by identifying the ‘military bias paradox’ of divergent behaviour, whereby the large armament corporations experienced an almost uninterrupted growth since the peak of the Vietnam War while domestic military spending exhibited a decade-long decline. The resolution of this apparent paradox could be found in the merging institution of arms exports, which supplemented domestic military budgets. The expansion of world markets for weapons coincided with the oil crisis of the 1970s. The Middle East became the focus of these developments. The interaction during the 1970s of rising military exports to this area and growing oil exports from the region provided a bsais for cooperation between major armament and energy corporations in an ‘Armadollar-Petrodollar Coalition’. The consolidation of this coalition removed a major conflict between ‘civilian’ and ‘military’ producers in the United States and affected the course of U.S. domestic and foreign military policies.

Language

English

Publication Type

Article - Working Paper

Keywords

arms exports arma-core corporation elite free flow foreign policy institutionalized waste limited flow Middle East Asia military spending oil petro-core petrodollars profit redistribution ruling class Vietnam War United States

Subject

BN State & Government
BN Region - Middle East
BN Industrial Organization
BN Institutions
BN Region - Asia
BN War & Peace
BN Conflict & Violence
BN Science & Technology
BN Comparative
BN Capital & Accumulation
BN International & Global
BN Region - North America
BN Business Enterprise
BN Distribution
BN Policy

Depositing User

Jonathan Nitzan

Date Deposited

11 Feb 2007

Last Modified

04 Dec 2015 21:34

URL:

https://bnarchives.net/id/eprint/134

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