Political and Economic Changes and Development Flashcards
(6 cards)
1
Q
Economics Nationalization
A
Oil industry nationalization:
1951-53: Wanted own control of oil, Britain and US fought against, won. Overthrew the PM giving all power to Shan.
Now: resentment to west, don’t like each other.
2
Q
Brain Drain demographic
A
Smart ppl leaving country.
3
Q
Uneployment demographic
A
lack of investment, oil curse: brain drain.
4
Q
Oil value demographic
A
Oil value down: economy down
5
Q
Natural Resources
A
Oil: over 150 million barrels of crude oil
6
Q
Response to Global Economic growth
A
Only focused on oil. Response to globalization.
