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1973 oil crisis

1973 oil crisis

 
How did the embargo affect oil-exporting countries?
 
1973 oil crisis discussion
 
trmichaels
06/04/09
How did the embargo affect oil-exporting countries?
           
 
mordinho
06/04/09
replied to: trmichaels
A reverse in the flow of capital led to an increase in aid investments in underdeveloped nations.
           
 
dbrunner
06/04/09
replied to: mordinho
Some countries used the extra money to purchase arms, which increased tensions in the area.