Eminent Economist Ibrahim Aweis: Pioneer of Petrodollar Concept and Global Influence
Wegdan Mohamed
Ibrahim Aweis, an Egyptian-born economist with American citizenship, in addition to being an international economic consultant and a professor of economics at George Washington University in the capital, Washington, was the first to use the term "Petrodollar" to describe the relationship between the US dollar and oil sales from OPEC.
Aweis earned a Bachelor's degree in Economics and Political Science from the University of Alexandria in Egypt in 1952, then worked as a director in the Ministry of Industry in the Ministry of Aziz Sedky.
He was the originator of the idea to expand the industrial base across all of Egypt, not just focusing on Cairo and Alexandria, but this idea was met with rejection, so he turned to the United States. He obtained his master's and doctoral degrees in 1961 and 1962 from the University of Minnesota in the United States.
Aweis worked as a professor of political economics at Harvard University, Johns Hopkins, and George Washington University, where he still teaches today. He also worked as an expert in international economics for several governments, including Egypt, Kuwait, Qatar, Oman, Saudi Arabia, Panama, and Taiwan.
He also served as an economic advisor to many multinational governments, companies, and individuals in United States and abroad, and he was also an advisor to US President Jimmy Carter and businessman Armand Hammer.
Many politicians and prominent economists, including former US President Bill Clinton, studied under him.
Ibrahim Aweis has received numerous international awards and has published about 50 books on economics and politics, all in English. He has also coined many economic terms.
