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What is Oil Pricing and Political Economy Insights about?

1. International political economy (IPE) involves political initiatives that have economic implications and economic actions that have political impacts. The 1973 Arab oil embargo showed how economic tools can be used in foreign policy as Arab oil producers embargoed oil exports to Western nations that supported Israel, crippling their economies. 2. In response, Western nations strengthened political and economic ties with Saudi Arabia and other Gulf states. This included the petrodollar agreement where o

Author

Sami ullah khan Babar

Language

EN