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

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David E. Spiro 作者

Cornell University Press

译者

1999-9-9 出版日期

208 页数

GBP 37.00 价格

Hardcover

Cornell Studies in Political Economy 丛书系列

9780801428845 图书编码

The Hidden Hand of American Hegemony 在线电子书图书标签: 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2024-11-15

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

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The Hidden Hand of American Hegemony 在线电子书 pdf 下载 txt下载 epub 下载 mobi 在线电子书下载

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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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