1945

Regional implications of the oil boom

This chapter reviews the current oil price boom from two main perspectives. First, it examines the existing structure and dynamics of the global oil market, and identifies both short- and long-term supply and demand factors that have contributed to the atmosphere of uncertainty that currently surrounds the global oil market. The second part concentrates on the macroeconomic implications that sudden increases in oil prices have had on oil exporters and, subsequently, focuses on the effects sustained by the ESCWA region.

Related Subject(s): Economic and Social Development
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