The failure of the Arab oil weapon in 1973–1974

Dados Bibliográficos

ID11222439
AutoresRoy E Licklider, Roy Licklider (Rutgers, the State University of New Jersey, autor correspondente)
Ano1982
Volume3
Fascículo4
Páginas365-380
Data de publicação1982-01-01
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoComparative Strategy (JOURNAL)
Identificadores do periódicoISSN: 0149-5933 • E-ISSN: 1521-0448
EditoraInforma UK Limited (PUBLISHER • GB)
DOI10.1080/01495938208402648
OpenAlexW2060465196
IdiomaEN
Citações recebidas2
Referências citadas15

The Organization of Arab Petroleum Exporting Countries (OAPEQ stated that the 1973–1974 oil embargo was designed to force Israel to return the territory captured in 1967, alter the status of Jerusalem, and restore the rights of the Palestinians. It seemed in a strong position to ensure compliance with its demands since it controlled a large proportion of oil exports and had impressive financial resources, while the industrial countries had no available substitutes and limited stockpiles. Nonetheless, OAPEC failed to achieve its goals because it had little leverage over its real target, Israel, and because it was unable to effectively reward its friends and punish its enemies. The failure of the Arab oil embargo to accomplish its political purpose in 1973–1974 casts doubt on the political utility of such an embargo in the future and, indeed, on the political utility of economic embargoes in general

Business · Development economics · Economics · Leverage (statistics · Political economy · Political science · Politics · Position (finance · Economic Sanctions and International Relations · Finance · Law · Middle East and Rwanda Conflicts · Natural Resources and Economic Development

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