3min chapter

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The Fall of OPEC w/ Giuliano Garavini

The Dig

CHAPTER

The Unholy Alliance Between Oil Exporting Countries and the Rest of the Third World

OPEC was from the beginning and enmeshed within broader developmentalist currents that were sweeping the post-colonial and third world. Most of these third world countries were raw materials exporters. OPEC played a central role in this debate on a new international economic order first of all because it was a member of OPEC and Algeria in particular that launched the idea to have a UN General Assembly specifically devoted to economy and development.

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