Addressing the major issues arising from the power ascribed to the Organization of the Petroleum Exporting Countries (OPEC), this book reflects the bredth, expertise and multifaceted viewpoints of the contributors: members of OPEC itself, industry representatives, and scholars and energy specialists from the USA, Europe and the Middle East. Throughout the book, the authors look at the potential of OPEC, discernible trends in such crucial areas as global petroleum supply and pricing, and the international economic and political implications of both.

This book examines the history of OPEC, and the events that shaped the organisation and the world economy since its creation in 1960.

This, the 131st edition of The Statesman's Year-Book, has been throughly revised and updated to present a political, economic and social record of the nations of the world in a period of continuing changes. It includes locator maps for each country for the first time.

Reviews of previous editions: `This book should be in every office which is concerned with world trade and, indeed, in every school which produces the future traders. It is an essential tool of all global thinking.' - The Geographical Magazine The 132nd edition of The Statesman's Year-Book has been thoroughly revised and updated to present a political, economic and social record of the nations of the world in a period of continuing changes. Areas covered range from history, population, constitution and government, international relations, energy and natural resources, industry, agriculture, international trade, communications, industry, agriculture, justice, religion and education. Important features of this edition include recent developments in the European Union, Bosnia, Israel, Russia and South Africa, new national anthems, and updates on radio and television broadcasting services. Last year also saw the introduction of locator maps for each country. The Statesman's Year-Book was chosen by The Good Book Guide for Business as one of the 600 essential books for the international manager

Economists have proposed a large variety of models of the oil market and this survey integrates them in a coherent framework.