Title

An Assessment Of Official Development Assistance From The Opec Capital-Exporting Countries (1974-1979)

Date of Award

1982

Availability

Article

Degree Name

Doctor of Philosophy (Ph.D.)

Department

International Studies

Abstract

The purpose of the study was to assess whether the benefits derived from Official Development Assistance (ODA) from the Organization of Petroleum Exporting Countries (OPEC) exceed the extra costs of imported oil paid by the Oil Importing Developing Countries (OIDCs) since the fall of 1973. For purposes of analysis, the OIDCs were divided into four regions of Africa, Asia, the Middle East and Latin America. The additional oil expenditures that these four regions had to pay to OPEC were calculated. This was followed by a derivation of estimates for the total grants disbursed by OPEC to the four regions. The results were then compared to the additional costs for imported oil previously derived. It was found that the additional costs for imported oil exceeded the benefits derived from the ODA of the OPEC capital-exporting countries for the Middle East, Asia and Latin America. In the case of Africa, however, the benefits more than equaled the costs.In conclusion it was recommended that the area of joint ventures could provide excellent opportunities for the OPEC capital-exporting countries and the OIDCs to explore. However, before joint ventures between the OPEC capital-exporting countries and the OIDCs become an attractive option for channeling OPEC surpluses, there need to be intensive research in making such a co-operation feasible in the future.

Keywords

Economics, Finance

Link to Full Text

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