Political democracy and the prospects of development in post-Cold War Africa

Article Abstract:

Africa's developing nations have failed to keep pace with other Third World countries during the last 30 years despite an infusion of economic assistance from competing foreign sources. One of the consequences of the end of the Cold War is that the super powers, the US and Russia, may no longer concentrate on the continent's strategic importance to their foreign policy objectives. This places a greater burden on African leaders to convince the rest of the world that foreign investment is still within its interest. African countries, however, must try to create stronger foundations for political stability and democracy.

Political aspects, Africa

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New dimensions of future security in the Gulf

Article Abstract:

The Persian Gulf is strategically important due to petroleum resources, and accounts for over 60% of world reserves of petroleum. The region benefited from a rise in petroleum prices in the 1970s, but political instability followed a drop in prices from the mid-1980s. There is pressure for change from merchants and the middle class in general, and resistance to change from royal families.The disadvantages of the region include security weaknesses, low population and a geographical location that is desirable. There is a need for a focus on regional economic and security projects and political reform.

PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Military aspects, Persian Gulf, Persian Gulf region

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The Gulf War and the price of oil: prospects for the medium term

Article Abstract:

The 1991 Persian Gulf War has changed the balance of power in the petroleum industry in the 1990s. OPEC nations' have had difficulty in agreeing on world oil prices. This has forced some stabilization of rates for a barrel of crude petroleum. The war also underscored the need for oil-consuming nations to seek less 'volatile' areas for purchasing their supplies. Furthermore, technological innovations in oil exploration and recovery from existing wells has helped others to find new sources of petroleum.

Economic aspects, Finance, Persian Gulf War, 1991

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