1. Kuwait and the Al-Sabah Family
The crown al-Sabah family has ruled Kuwait since 1718, witnessing the transition of their merchant-based kingdom into an economically powerful sovereign state. ... This is no anomaly; since independence from Britain in 1961, Kuwait's oil revenues have averaged over 84% of the state's total revenues with the exception of 1991/1992 (dropping to 57%) due to the Iraqi invasion. ... In the 1960's, having formally cut ties with Britain, the emir bought out the traditionally powerful merchant families with the vast amount of oil money and proclaimed himself to be the autonomous ruler....
- Word Count: 1849
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate