Title English:
petrodollar recycling
Definition English:
Petrodollar recycling refers to the phenomenon of major petroleum-producing nations – mainly the OPEC members – earning more money from the export of oil than they could feasibly invest in their own economies. It was a phenomenon of the late 1970s and early 1980s, the peak years for petrodollar surpluses.
Title Arabic:
إعادة تدوير البترو دولار
Domain:
Economic Development
Subject:
Economic Statistics
InformationType:
Term
SourceSymbol:
language staff
Link: