Oil and the International Economy

Know about the book -

Oil and the International Economy is written by Georg Koopmann and published by Taylor & Francis. It's available with International Standard Book Number or ISBN identification 1000662713 (ISBN 10) and 9781000662719 (ISBN 13).

The oil price increases of the 1970s left deep marks on the world economy. They led to a massive redistribution of income in favor of oil-producing countries, and caused serious disruption of growth, imbalances in foreign trade, and problems of stability in oil-importing countries. Despite the present levelling off, the authors suggest that more price increases remain a distinct possibility.Oil and the International Economy examines the effects of rising oil prices on the international financial system and identifies ways that oil-importing countries can overcome the financial and adjustment problems caused by them. The authors project the long-term trend in real oil prices and present economic policy options to help avoid future financial problems for industrialized and developing nations alike.