Oil Revolution

Abstract

In this scheme, it is Latin America's position to act as part of the periphery of the world economic system, in the specific role of producing food and raw materials for the large industrial centers. 1 Raúl Prebisch, 1949 Every state has an unlimited right to dispose of its resources as it sees fit. 2 Djalal Abdoh, 1952

‘Crude’ Alliance – Economic Decolonisation and Oil Power in the Non-Aligned World

“…30 Indeed, permanent sovereignty and unequal exchange became standard arguments articulated and shared across Africa, Asia, Latin America and the Middle East. 31 Although Yugoslavia does not usually feature in these histories, Yugoslav diplomats and economists partook in these intellectual exchanges within the United Nations -Yugoslavia was one of the select group of eight delegations that Raúl Prebisch invited for a ten-day marathon of private negotiations before the convening of UNCTAD, and the Yugoslav/Slovenian economist and career diplomat Janez Stanovnik, who later headed the UN Economic Commission for Europe from 1967 to 1983, worked as Prebisch's personal assistant and advisor. 32 The line of reasoning, which could be best described as a syncretic revolutionary worldview, posited the restructuring of the global economy and trade as fundamental to maintaining world peace.…”

Why Decolonization?

“…The dispute about Iran's oil nationalization, in 1951-53, was an early milestone in postcolonial countries' political and international legal assertion of sovereign rights over their resources. 30 (Related, the 1953 coup d'etat in Iran, led by the CIA, as well as CIA support for the 1949 coup in Syria, were that agency's first such operations worldwide. 31 ) Egypt's successful Suez Canal nationalization and its political defeat of the tripartite Aggression in 1956 were a decolonization milestone and clarion call far beyond the Middle East.…”