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Oil Counter-shock: The Price Collapse of the 1980s (Hardback) (in English)
Massimiliano Trentin Duccio Basosi Giuliano Garavini (Author)
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I.B.Tauris Co. Ltd., United Kingdom
· Hardcover
Oil Counter-shock: The Price Collapse of the 1980s (Hardback) (in English) - Massimiliano Trentin Duccio Basosi Giuliano Garavini
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Synopsis "Oil Counter-shock: The Price Collapse of the 1980s (Hardback) (in English)"
The oil price collapse of 1985-86 had momentous consequences globally: in terms of prevailing energy paradigms, the non-fossil fuel alternatives simply turned uncompetitive while huge new markets opened up for fossil fuels, particularly in China and India. In international relations, the previous talk of an OPEC 'imperium' was turned upside-down. This volume is the first to put the oil price 'counter-shock' of the mid-1980s into historical perspective. Compared to the much-debated 1973 'oil shock', the 'counter-shock' has not received the same degree of attention. The fall in oil prices and the consequences for different nations have traditionally been seen simply as the result of the marketplace finally making its way into the energy realm after years of 'politicised' conflicts. The contributors show that the 'counter-shock' was the result of a set of processes that had developed over the previous ten years in a number of fields: from pricing mechanisms to intra-OPEC discipline; from Saudi Arabia's policies as a producer to America's policies as a consumer; from expectations nurtured by politicians across the globe to ideas about development and environment; from relations between the National Oil Companies and their respective governments to international financial relations. Featuring some of the most knowledgeable experts in the field, this book deals with these issues with a balanced approach between the global picture and local study cases. In particular, it highlights the crucial interaction between the oil counter-shock and the political 'counter-revolution' against state intrusion in economic management put forward by Ronald Reagan and Margaret Thatcher in the same period.
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All books in our catalog are Original.
The book is written in English.
The binding of this edition is Hardcover.
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