The Hidden Hand of American Hegemony: Petrodollar Recycling and International Markets
Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capita...
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Number of Pages: 208
ISBN: 080142884X
ISBN-13: 9780801428845
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Alex Gladstein @gladstein
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Dec 12, 2022
I would encourage you to read a 1999 book by David Spiro from Cornell University Press called "The Hidden Hand of American Hegemony" -- he exhaustively looks at the documents and argues compellingly that the petrodollar arrangement was not a market phenomenon but a political one