Word: alnawrawi
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...From the Iraqi point of view, the overproduction of Kuwait was part of a larger plot to undermine Iraq's economy," Alnawrawi said...
...Abbas Alnawrawi, a professor of economics at the University of Vermont, said at a forum sponsored by the Center for Middle Eastern Studies that Iraq's August 2 invasion of Kuwait resulted largely from OPEC's failure to compel member nations to adhere to its oil production quotas...
...OPEC lacked the power to enforce its decisions, so countries were free to produce as much as they wished," Alnawrawi said...
...addition, two major developments of the 1970s--the 1973 OPEC embargo and the 1978 Camp David accord--paved the way for the recent crisis by shifting the bulk of power in the region away from Egypt to less developed states in the Persian Gulf region, Alnawrawi said...
...removal of Egypt as the leading economic, political, and cultural power in the Arab world as a result of the Camp David accord created a political vacuum which allowed Saddam Hussein to come to power," Alnawrawi said...
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