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Why Petrostates Make Bad Allies

March 31, 2015 in Economics

In what the Obama administration describes as a “years-long” coalition effort to “degrade and destroy” ISIS, the United States has reentered conflict in the Middle East. The White House heralds its close cooperation with Arab allies, including a number of petrostates such as Saudi Arabia and Qatar, describing their cooperation as vital to the success of the campaign.  But a new paper by Cato scholar Emma Ashford argues that the idiosyncrasies of oil-rich states make them poor partners for the United States.

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