The reliance of oil-exporting developing countries on oil-revenues has certain implications for both their domestic economic structures and foreign trade relations. / The purposes of this research were to study and analyze: (1) the extent of the dependence of oil-exporting developing countries on the exportation of a single exhaustible resource, (2) the impact of this dependence on domestic economic structures, and (3) the nature of the multifaceted links that were developed between oil-producers, as the exporters of a raw material, and developed countries, as the exporters of manufactured goods and advanced technology (To show whether 'dependency' relations have developed). / After the review of literature, several hypotheses were advanced for the purpose of examining the above issues. / The data, covering basically 1973-80 period and concentrating on members of OPEC, were obtained from the secondary sources. / Based on a critical analysis of data the following conclusions were drawn: (a) The characteristics of the oil-based economies most resemble those of 'dependent' economic systems, as opposed to self-sustaining and self-expanding economies. The mono-economy systems developed in most of oil-exporting nations, are based on extraction and exporting of a single depleting resource. In such mono-economies, non-oil sectors have little contribution to GDP. Agricultural sectors in particular, show a declining trend. (b) Public expenditures and development projects are geared to position of balance of payments which in turn is conditioned by oil-revenues. Thus, major fluctuations in the world demand for oil can have serious implications for the process of economic development in oil-nations. In general, the direction of development in petroleum-exporting countries is highly dependent upon the economic conditions of the developed countries. (c) Most oil-revenues are being recycled back into the developed market economies through a variety of channels. A large portion of oil-proceeds are used as payments for various categories of goods and services. Another portion is invested in the oil-importing industrial countries while the real returns on these investments have been eroding. / Based on the problems faced by oil-producing nations, it was recommended that a partial self-reliance strategy be followed in these nations to reduce over-dependence on foreign economic systems and to promote development. In the context of the above, diversification of the economy has to be pursued, aiming at expansion of non-oil industrial and agricultural sectors. / Source: Dissertation Abstracts International, Volume: 43-12, Section: A, page: 3980. / Thesis (Ph.D.)--The Florida State University, 1982.
| Identifer | oai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_74989 |
| Contributors | SHAHROKHI, SHAHROKH., Florida State University |
| Source Sets | Florida State University |
| Detected Language | English |
| Type | Text |
| Format | 96 p. |
| Rights | On campus use only. |
| Relation | Dissertation Abstracts International |
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