Odd Lots

Bloomberg’s Joe Weisenthal and Tracy Alloway take you on a not-so random weekly walk through hot topics in markets, finance and economics.



34: The Highway Built by Oil Markets and Political Intrigue

On this week's episode we take a trip down one particular road on the Gulf peninsula to explore how sudden market shocks — and the political discord that sometimes comes with them — can help shape the physical space around us. In the 1960s, the Middle East was in the throws of massive change as the oil boom sent some economies skyrocketing and left others in the (literal) dust. The construction of the E11 highway in the Trucial States — which would later grow into the United Arab Emirates (UAE) — became a lightning rod for political intrigue and developmental subterfuge involving British interests and the Arab League at a time of mass economic upheaval. Today the highway stretches across the UAE and links its two biggest cities, Abu Dhabi and Dubai. Matthew MacLean is a Ph.D. Candidate in History and Middle Eastern Studies at New York University. He joins us to discuss the building of one of the UAE's first paved roads and the rise of the country's car culture.


 2016-06-27  20m