Author: Michael Burtt
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Is Austerity the Cure for Current Economic Problems?
While austerity may have had some success in reducing absolute debt levels in some states, it has been unsuccessful in reducing the magnitude of debt to GDP.
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Was the ‘Oil Weapon’ Effective in Achieving the Arab States’ Goals in 1973–74?
While the Oil Weapon enjoyed some success, it was ultimately a political debacle, and few of the goals envisioned by the OAPEC states were achieved.