الخليج وسياسة الطاقة

Summarizes assessments of various Middle East economic experts in order to provide an overview and forecast of regional prospects for 1998. The author focuses on issues affecting all Middle Eastern economies, including oil dependence, economic centralization, massive subsidization, and other long- and short-term factors.

Peace in the Persian Gulf is crucial for international stability, including in East Asia. Moreover, a stable supply of crude oil and natural gas is essential to the United States, the European Union and the Asian countries. Nearly 80 percent of Japan's crude oil imports come from the Gulf region

In the latter half of the 1990s, the Iranian economy faces horrendous problems: economic mismanagement, high inflation, declining living standards, a growing gap (much of it fueled by pervasive corruption) between a wealthy minority and vast impoverished majority, high rates of unemployment, an inability to significantly increase oil production (concurrent

Saudi Arabia has gotten a lot of negative attention in recent months. The Saudis have been blamed for failing to pay sufficient attention to homegrown dissidents, contributing to American deaths in terrorist attacks in Riyadh and Dhahran. King Fahd's stroke in late 1995 prompted speculation that a succession crisis loomed

For the United States, supporting UN Security Council Resolution 986 is a gamble. Washington hopes that the "oil-for-food" deal will be a trap that will reduce pressure to lift the rest of Iraqi sanctions, thereby thwarting Saddam Hussein's strategy to win the end of sanctions by playing on international sympathy

With the dust clearing on the public relations "spin" suggested by competing Arab, Israeli and American observers of the Middle East/North Africa Economic Conference held in Cairo two weeks ago, a detached assessment of that now-annual event would underscore the surprising durability of new regional institutions at times of political

The Cairo Economic Summit comes at an exciting time for Middle East regional cooperation. Regional countries have made substantial progress toward economic reform, including steps toward privatization and structural reform. Unfortunately, although all states in the region have a strong interest in promoting regional cooperation, only 7 percent of regional

The promise of Oslo evoked high expectations of reconciliation between Palestinians and Israelis. Its danger, however, lies in the mechanisms Oslo outlined to reach that reconciliation and the exaggerated expectations Oslo produced. A unique dynamic of the Oslo process is that the further one proceeds, the more difficult are the

In 1989 Jordan began implementing an economic reform program. The program was interrupted by the Gulf crisis but resumed in 1992 encompassing both economic and political reforms. Objectives of Reform The government's main objective in reform is to enhance the lives of Jordanian citizens. It would seem that basic economic