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January 6, 2010: News, Research & Events from the James A. Baker III Institute for Public Policy
Oil, Dollars, Debt, and Crisis: The Global Politics of Black Gold

Come to a book signing on Thursday, Jan. 7, for Baker Institute authors Mahmoud El-Gamal and Amy Myers Jaffe

For decades, resource-rich Middle East countries have failed to invest adequately in their people or to diversify their economies. Instead, many governments invested resources in a manner that was not conducive for long-term economic growth, leading to inflated regional real estate and stock markets. As the latest Dubai World debt problems so amply illustrate, the Middle East resource curse has become globalized. In their new book, "Oil, Dollars, Debt, and Crises: The Global Curse of Black Gold," Baker Institute authors Mahmoud El-Gamal, Will Clayton Fellow in International Economics and the Rice Economics Department chair, and Amy Myers Jaffe, Wallace S. Wilson Fellow for Energy Studies, offer a fresh perspective on the links between past and present oil crises, financial crises and geopolitical conflicts that keep bringing the world to the brink of economic catastrophe.


Wall Street Journal publishes op-ed by Ambassador Djerejian

Events 30 years ago left a dangerous and lasting legacy in the Middle East, Baker Institute founding director Ambassador Edward P. Djerejian contends. Read "The Radical Legacy of 1979."



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The James A. Baker III Institute for Public Policy is a nonpartisan public policy think tank located on the campus of Rice University in Houston, Texas. The institute's distinguished fellows and scholars research and collaborate with experts from academia, government, the media, business and private organizations on domestic and foreign policy issues with the goal of bridging the gap between the theory and practice of public policy.
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