GEOG 122 Lecture Notes - Lecture 5: 1973 Oil Crisis, Emirates Stadium, Arms Industry
Document Summary
The geopolitics of arms: geographical interdependencies, west and middle east, sectoral interdependencies, oil and arms. St. martin"s group, an active investor in central london, arm of the kuwaiti foreign ministry; even more active are the qataris, developer of the 2012 olympic site, the shard tower, and other london projects. Also, emirates stadium, for airline naming rights (and on team shirts) for. Capital flows from middle east to the west after 1973 oil shock: a) property b) financial institutions c) arms trade. Goals of the west: to re-coup lost economic power, secure influence, maintain geopolitical order. Saudi arabia is a hostage of the west, held by chains of gold . Investment continued after 2008 bank crash; eg. abu dhabi and saudi arabia invest about bn in us citi bank and own 10% of company. Diffusion of military power, with the creation of regional powers, e. g. israel, iran etc.
