GEOG 122 Lecture Notes - Lecture 5: Barter, Arms Industry, Geopolitics
Document Summary
Geographical interdependencies, west and middle east: there was a wealth transfer, during and after the cold war, the middle east shatterbelt has been an area of geopolitical tension. Saudi araba and iran: after 1973 and the oil shock, we see a new phase of power intervention. Involvement of the great powers (they were into oil reserves and wanted to recoup some of their lost wealth by selling the military hardware to these countries: property. The persian gulf states obtained lots of capital. They invested in blue-chip real-estate: real estate in major cities, western inancial institutions. Bank crash: arab leader: saudi araba is a hostage of the west, held by chains of gold. Because of economic investments, sa and america are very. Some regional states think they can take on major countries: difusion of technology. Used in british and french air force. At the same time they were being sold to iran, iraq: us established iran as their peacekeeper/police.
