Update And Outlook - General Summary (85debd5a-1a74-4df9-9d44-eff30257c0f9)

While the statistical summary focuses on 1991 data, this update and outlook section draws on information available to the author as of the date of final preparation in early 1993. For all the press notoriety associated with the shift in the Near East crisis from the defensive posture of Desert Shield to the restoration of Kuwaiti sovereignty through Desert Storm, this was not the dominant event governing global economic thinking in 1991 and the first half and more of 1992. From the global perspective, the momentous political changes in the area that was the U.S.S.R. and in the smaller emerging transitional economy states of Eastern Europe will have even greater current and long-lasting effects on world mineral industry activities than the crisis in the Near East.