With one quarter of proven oil reserves and the largest oil production in the world, Saudi Arabia has been at the center of world politics. Its vast oil resources have been utilized in various ways to maximize internal and external security. While oil revenue allowed the Saudi state to buy off legitimacy at home and abroad, the Saudi state exploited oil supply to either forge alliances with or pressure consuming and producing countries. By providing an insightful account of how oil resources shaped Saudi security policies since the mid-twentieth century, Islam Y. Qasem offers a timely contribution to the study of oil politics and the interrelationship between economic interdependence and security.
Islam Y. Qasem, Ph.D. (1973), is head of Department of International Relations at Webster University in the Netherlands. His areas of expertise are oil politics, Middle East politics, and international political economy.
List of Tables and Figures
List of Abbreviations
Chapter One: Rentier Theory and Saudi Arabia
Chapter Two: Neo-Rentier Theory
Chapter Three: The Pre-boom (1950-1970)
Chapter Four: The First Boom (1970-1985)
Chapter Five: The Bust (1985-2000)
Chapter Six: The Second Boom (2000-2012)
Chapter Seven: Conclusion
This book is relevant to anyone interested in oil politics, political economy, international relations and Middle East area studies, including students, scholars, analysts and policy-makers.