Word: discontentment
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Dates: during 1980-1989
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Of all the countries in the troubled Middle East, none is more important strategically to U.S. interests than Saudi Arabia, which now provides 16% of U.S. oil imports. To see how the ruling House of Baud is coping with the country's external and internal crises, TIME Correspondent William...
Arab control. These Saudi conservatives argue that high production will not solve the problem of internal discontent, as evidenced not only by the Mecca siege but by sporadic unrest among Shi'ite Muslim workers in the oilfields of the country's eastern province.
The temporary lull in the Arab-Israeli conflict should not be mistaken for peace and stability. With the ingredients of discontent left fermenting, it is only a matter of time before violence escalates again. This devolution is not, however, inevitable.
Market-oriented policies are not apolitical in underdeveloped countries; they consolidate the power of an elite, creating discontent among the poor. In order to continue the polices, the government must resort to repressive measures. For example, when the Chilean government went full throttle on the "shock treatment" which Harberger's...
The new austerity program immediately released about $300 million in loans and grants from the West that had been held up until Turkey gave proof of its fiscal responsibility. The unanswered question is whether Demirel's measures will really help in the long run. OPEC price hikes will soon...