This article analyzes the effects of the recent developments in Iran—namely, the Iranian Revolution and the Iran-Iraq War—on the activities of multinational corporations (MNCs) in the Arab oil-producing countries of Saudi Arabia, Kuwait, and the United Arab Emirates. The level of sales, contracts, and investments by MNCs reflect the perceived spill-over effect of revolution and war and therefore the perceived increase in the risk of losses due to political instability.
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References
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IssawiCharles, Oil, The Middle East and the World (Beverly Hills: Sage Publications, 1972), p. 50–51.
2.
ClarkeRobert P.Jr., Development and Instability (New York: Holt, Rinehart and Winston, 1974), p. 79.
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Ibid., p. 80.
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LenczowskiGeorge, The Middle East in World Affairs (Ithaca: Cornell University Press, 1980), p. 224.
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Peretz, The Middle East Today, p. 442.
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Ibid.
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IsmaelTareq Y., The Iraq-Iran War (Syracuse: Syracuse University Press, 1982), p. 2.
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IsmaelTareq Y., “Socialism in Iraq,” in DesfossesHelenLevesqueJacques, eds., Socialism in the Third World (New York: Praeger, 1975), p. 77.
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Ibid., p. 147.
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KhomeiniAyatollah, Sayings of the Ayatollah Khomeini (New York: Bantam Books, 1980), pp. 26–67.
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Quoted in Ismael, The Iraq-Iran War, p. 35.
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Ismael, The Iraq-Iran War, p. 40.
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Christian Science Monitor, (25 December 1981).
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Al-Nahar (Beirut) (26 December 1981).
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Christian Science Monitor (5 February 1982).
25.
Ibid. (19 November 1982).
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Ibid.
27.
Reported in Al-Jazirah (Riyadh), (20 November 1981).
For a more detailed discussion of the impact of Iran's revolution on MNCs, see KassiciehNassar, “Political Risk and the Multinational Corporation,”Management International Review, No. 3 (1982), pp. 22–32.
