Download or read book Oil Exporters Dilemma written by Reda Cherif and published by International Monetary Fund. This book was released on 2012-01-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers in oil-exporting countries confront the question of how to allocate oil revenues among consumption, saving, and investment in the face of high income volatility. We study this allocation problem in a precautionary saving and investment model under uncertainty. Consistent with data in the 2000s, precautionary saving is sizable and the marginal propensity to consume out of permanent shocks is below one, in stark contrast to the predictions of the perfect foresight model. The optimal investment rate is high if productivity in the tradable sector is high enough.
Download or read book The Oil Curse written by Michael L. Ross and published by Princeton University Press. This book was released on 2013-09-08 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats--and twice as likely to descend into civil war--than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.
Download or read book OPEC in a Shale Oil World written by Mohamed Ramady and published by Springer. This book was released on 2015-10-15 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: RAMADy, Mahdi OPec in a sHALE oil world –where to NEXT? With PREFACE by Dr. Sadad Al Husseini , former Board Member and Executive Vice President , Saudi Aramco. "OPEC has played an important role since its founding and continues to do so, but it has to recognize that this role has now changed and the organization has to adapt to new challenges. This book provides some possible solutions" Abdulsamad Al Awadhi, former Kuwait National Representative at OPEC . "Authoritative, well-informed, and excellent account of the role of OPEC in managing the oil market, present, past, and future" Hassan Qabazard, former Director of Research Division , OPEC. ". The call for action by Mohamed Ramady and Wael Mahdy in this book makes it clear that time, and not oil, is the precious commodity that is running out fast on OPEC’s side", Sadad Al Husseini , former Board Member and EVP Saudi Aramco “OPEC is dead. Long live OPEC”. The organization is now going through a mid life crisis in its 54 years of existence trying to figure out where it goes next in a world where OPEC has been relegated from being the energy swing producer, and Saudi Arabia as the ‘Sultan of the Swing,’ to one where it now faces competition from both non- OPEC traditional well as non-conventional shale producers. The Authors examine how OPEC has had to come to terms with the reality that the earlier decades ‘call on OPEC’ has now been replaced by a ‘call on non-OPEC’ and that a new ‘swing’ has been identified- the producers of shale oil. Drawing upon the Authors combined academic and practical first hand insights on OPEC, the book discusses how a new OPEC paradigm has emerged following the oil price rout of 2014, whereby the organization’s principal concern is now protecting market share, without being in charge unlike earlier fleeting periods of the late 1970’s, which brought with it a lasting myth of the OPEC cartel. Mohamed Ramady is Visiting Associate Professor, King Fahd University of Petroleum and Minerals, Saudi Arabia; Wael Mahdi is Bloomberg OPEC Energy Correspondent.
Download or read book Drilling Down written by Joseph A. Tainter and published by Springer Science & Business Media. This book was released on 2011-09-18 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than a century, oil has been the engine of growth for a society that delivers an unprecedented standard of living to many. We now take for granted that economic growth is good, necessary, and even inevitable, but also feel a sense of unease about the simultaneous growth of complexity in the processes and institutions that generate and manage that growth. As societies grow more complex through the bounty of cheap energy, they also confront problems that seem to increase in number and severity. In this era of fossil fuels, cheap energy and increasing complexity have been in a mutually-reinforcing spiral. The more energy we have and the more problems our societies confront, the more we grow complex and require still more energy. How did our demand for energy, our technological prowess, the resulting need for complex problem solving, and the end of easy oil conspire to make the Deepwater Horizon oil spill increasingly likely, if not inevitable? This book explains the real causal factors leading up to the worst environmental catastrophe in U.S. history, a disaster from which it will take decades to recover.
Download or read book Global Energy Dilemmas written by Mike Bradshaw and published by John Wiley & Sons. This book was released on 2013-11-20 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s global energy system faces two major challenges: how to secure the supply of reliable and affordable energy; and how to rapidly transform to a low-carbon, efficient and environmentally harmless energy supply. In this rigorous and illuminating book, Michael Bradshaw explores the key aspects of the current global energy dilemma and examines how it is playing out across the major regions and countries of the world. The book begins by charting the development of the current global energy system - exploring its key characteristics with a focus upon energy security and the relationship between energy, economic development and climate change. The next four chapters offer in-depth analyses of four distinct global energy dilemmas in different parts of the world: the challenge of sustaining affluence and decarbonising energy services in the high-energy economies of the developed world; the legacies of the centrally planned economy and the consequences of liberalisation in the post-socialist world; growing energy demand and emissions growth associated with the emerging regions; and finally, the quest to provide universal access to modern energy services in the developing world in a manner that is both economically and environmentally sustainable. Identifying the governance structures and policy options available to tackle the global energy dilemma, the book concludes that only an integrated approach - sensitive to regional issues - can reconcile the interests and needs of those facing differing energy challenges across the world today.
Download or read book Snake Oil written by Richard Heinberg and published by CLAIRVIEW BOOKS. This book was released on 2014-03-24 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid spread of ‘fracking’ (hydraulic fracturing) has temporarily boosted natural gas and oil production, particularly in the USA, but it has also sparked a massive environmental backlash in local communities. The fossil fuel industry is promoting fracking as the biggest energy development of the century, with seductive promises of energy independence and benefits to local economies. Snake Oil casts a critical eye on the oil-industry hype that has hijacked the discussion over energy security. This is the first book to look at fracking from both economic and environmental perspectives, informed by the most thorough analysis of shale gas and oil drilling data ever undertaken. Is fracking the miracle cure-all to our energy ills, or a costly distraction from the necessary work of reducing our fossil fuel dependence?
Download or read book The Price of Wealth written by Kiren Aziz Chaudhry and published by Cornell University Press. This book was released on 2015-11-06 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emerging consensus that institutions shape political and economic outcomes has produced few theories of institutional change and no defensible theory of institutional origination. Kiren Aziz Chaudhry shows how state and market institutions are created and transformed in Saudi Arabia and Yemen, two countries that typify labor and oil exporters in the developing worlds. In a world where the international economy dramatically affects domestic developments, the question of where institutions come from becomes at once more urgent and more complex. In both Saudi Arabia and Yemen, fundamental state and market institutions forged during a period of isolation at the end of World War I were destroyed and reshaped not once but three times in response to exogenous shocks. Comparing boom-bust cycles, Chaudhry exposes the alternating social and organizational origins of institutions, arguing that both broad changes in the international economy and specific forms of international integration shape institutional outcomes. Labor and oil exporters thus experience identical economic cycles but generate radically different state, market, and financial institutions in response to different resource flows. Chaudhry supplemented years of field work in Saudi Arabia and Yemen with extensive analysis of previously unavailable materials in the Saudi national archives.
Download or read book Too Much Magic written by James Howard Kunstler and published by Open Road + Grove/Atlantic. This book was released on 2012-06-19 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author of The Long Emergency explains why technology can’t solve all our problems, and how excessive optimism can endanger our future. The Long Emergency quickly became a grassroots hit, offering a shocking vision of our post-oil future and capturing the attention of environmentalists and business leaders alike. As discussion about our dependence on fossil fuels and our dysfunctional financial and government institutions continues, the author returns with Too Much Magic—evaluating what has changed and what has not, and what direction we need to take in this post-financial-crisis world. “Too much magic” is what James Howard Kunstler sees in the bright utopian visions of the future dreamed up by optimistic souls who believe technology will solve all our problems. Their visions remind him of the flying cars and robot maids that were the dominant images of the future in the 1950s. Kunstler’s image of the future is much more sober. With vision, clarity of thought, and a pragmatic worldview, Kunstler argues that the time for magical thinking and hoping for miracles is over—and the time to begin preparing for the long emergency has begun. “A sharp critic of energy-sucking, big-box landscapes.” —Winnipeg Free Press
Download or read book IMF Research Bulletin December 2014 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-09-15 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The December 2015 IMF Research Bulletin features a sampling of key research from the IMF. The Research Summaries in this issue look at “The Impact of Deflation and Lowflation on Fiscal Aggregates (Nicolas End, Sampawende J.-A. Tapsoba, Gilbert Terrier, and Renaud Duplay); and “Oil Exporters at the Crossroads: It Is High Time to Diversify” (Reda Cherif and Fuad Hasanov). Mahvash Saeed Qureshi provides an overview of the fifth Lindau Meeting in Economics in “Meeting the Nobel Giants.” In the Q&A column on “Seven Questions on Financial Frictions and the Sources of the Business Cycle, Marzie Taheri Sanjani looks at the driving forces of the business cycle and macroeconomic models. The top-viewed articles in 2014 from the IMF Economic Review are highlighted, along with recent IMF Working Papers, Staff Discussion Notes, and IMF publications.
Download or read book The Paradox of Plenty written by Terry Lynn Karl and published by Univ of California Press. This book was released on 1997-10-10 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: In these countries, dependence on petroleum leads to disproportionate fiscal reliance on petrodollars and public spending, at the expense of statecraft.
Download or read book Myanmar Dilemmas and Options written by Mya Than and published by Institute of Southeast Asian Studies. This book was released on 1990 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: The political upheavals in the Union of Myanmar in 1988/89 precipitated many changes in the political, social, and economic sectors. The country is now at a critical crossroad in its history and development. This study on Myanmar's options in terms of restructuring its economy is therefore useful and timely. The papers in this volume attempt to identify the major issues concerning the role of the state and economic management, the new directions in resource, agricultural and industrial development and the challenges arising from the opening up of the economy to the stimuli of external trade and capital movements.
Download or read book Population Dilemmas in the Middle East written by Gad G. Gilbar and published by Routledge. This book was released on 2012-11-12 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides a general outline of Palestinian population growth between 1948 and 1987 and then focuses on the town of Nablus for a detailed analysis of the main aspects of Palestinian migration and high rates of natural increase. The author shows how the recession that struck the Arab oil economies in the early 1980s, by slowing down the migratory movement, shut off the valve that had afforded the Palestinians in the West Bank and Gaza relief from economic pressures.
Download or read book Gorbachev s Third World Dilemmas written by Kurt M. Campbell and published by Taylor & Francis. This book was released on 2022-12-28 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gorbachev's Third World Dilemmas (1989) examines the strategic, political and ideological criteria which shaped Soviet policies toward the developing world. Organized around particular themes and issues, it pays attention to both theoretical fundamentals in Soviet doctrine and to Soviet actions in specific regions. The topics range widely and include: the Soviet conception of regional security; Soviet arms transfers and military aid to the developing world; the developing world in Soviet military thinking; the USSR and crisis in the Caribbean; Soviet policy towards Southern Africa, notably Angola and Mozambique; and Soviet policy towards Southwest Africa. It looks at the activist foreign policy that Gorbachev inherited, and explores the elements of change and continuity that Gorbachev and the Soviets faced.
Download or read book The Dilemmas of Social Democracies written by Howard Richards and published by Lexington Books. This book was released on 2006 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dilemmas of Social Democracies seeks to advance the eradication of poverty and the ethical construction of social democracy and sustainable peace. Howard Richards and Joanna Swanger argue that the reason that capitalism resists transformation and that social democracy is so hard to achieve is because of the philosophical and institutional underpinnings-the constitutive rules-of capitalism; the book therefore explores the historical origins of these rules, their implications for blocking progress toward social justice, and how they can be improved.
Download or read book Ethical Oil written by Ezra Levant and published by McClelland & Stewart. This book was released on 2011-05-03 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canada's "no. 1 defender of freedom of speech" and the bestselling author of Shakedown makes the timely and provocative case that when it comes to oil, ethics matter just as much as the economy and the environment. In 2009, Ezra Levant's bestselling book Shakedown revealed the corruption of Canada's human rights commissions and was declared the "most important public affairs book of the year." In Ethical Oil, Levant turns his attention to another hot-button topic: the ethical cost of our addiction to oil. While many North Americans may be aware of the financial and environmental price we pay for a gallon of gas or a barrel of oil, Levant argues that it is time we consider ethical factors as well. With his trademark candor, Levant asks hard-hitting questions: With the oil sands at our disposal, is it ethically responsible to import our oil from the Sudan, Russia, and Mexico? How should we weigh carbon emissions with human rights violations in Saudi Arabia? And assuming that we can't live without oil, can the development of energy be made more environmentally sustainable? In Ethical Oil, Levant exposes the hypocrisy of the West's dealings with the reprehensible regimes from which we purchase the oil that sustains our lifestyles, and offers solutions to this dilemma. Readers at all points on the political spectrum will want to read this timely and provocative new book, which is sure to spark debate.
Download or read book China s Economic Dilemmas in the 1990s written by The Joint Economic Committee and published by Routledge. This book was released on 2016-09-16 with total page 1241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most students of contemporary China are familiar with the Joint Economic Committee studies on China, which have appeared periodically since 1967. This is the most recent study in the series (released in April, 1991). This volume follows the format of the previous studies, offering a broad sweep of its subject matter. The 50 chapters - contributed by Chinese scholars in government, universities and private research centres - are divided into five major parts. Each section begins with an overview which summarises and comments on the main points in each of the chapters. The volume offers a detailed examination of China's economy, and the political and social factors currently facing the leadership in Beijing.
Download or read book The Opec Natural Gas Dilemma written by Bijan Mossavar-rahmani and published by Routledge. This book was released on 2019-06-26 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: The OPEC countries possess an estimated one-third of total world natural gas reserves, but they produce relatively small volumes of this clean, convenient, and flexible fuel, and much of what is produced is flared and wasted for lack of demand. Historically, the major barrier to full utilization of OPEC's natural gas potential has been the high cost of gathering, processing, and transporting natural gas–relative to cheap and easily available crude oil. Now, higher prices make a stepped-up international gas trade economically viable for the first time, but a host of formidable geopolitical, financial, risk-sharing, environmental, and other barriers remain to be resolved. This volume, a primer on natural gas and international natural gas trade, also provides an inside view of how the OPEC countries view their options with respect to the medium- and long-term development of this important source of domestic energy and export earnings. The authors discuss the trade prospects and problems facing the OPEC nations, examine OPEC efforts to formulate a uniform price and export policy, and explore potential patterns of cooperation between exporters and importers. The authors also include current statistics on global natural gas supply and demand balances, as well as information on OPEC domestic natural gas projects and export contracts, both existing and planned.
