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Economic Security: A National Security Folly?
Economic Security: A National Security Folly?

... their governments’ prime concern focused on “cooling” the Arab-Israeli conflict and avoiding a superpower confrontation. So the October price increases were followed by another set of price hikes in December. In a very short time, world oil prices had jumped enormously. The price refiners paid for c ...
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... had repercussions on the production of certain goods. This looks like a limited effect of the ‘Dutch disease’. In the end, macroeconomic management was based on applying a fixed exchange rate and interest rates, fiscal discipline and a protectionist trade policy. All these helped bring about high ra ...
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Drilling Down - Understanding Oil Prices and Their Economic Impact
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... • This is based on the assumption that the price of West Texas Intermediate (WTI) crude oil will fall by no more than one-third - to an average of $60 a barrel - in 2009. • That figure is down from more than $96 a barrel in 2008, due to Opec’s decision to cut production. ...
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... unemployment among people who seeking job -that absolutely not interpret natural unemployment- many critics of the classical theories proposed. Before the beginning of the twentieth century, the reaction appeared to adverse economic conditions. In addition to the work of socialists without the unfai ...
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... rate of the currency, thus possibly reducing manufacturing and services exports (Corden, 1984). Recurrent booms and busts tend to increase real exchange rate volatility (Gylfason et al., 1999), thus reducing investment in the tradable sector as well as exports and imports of goods and services. The ...
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Tanker Crude Storage

chapter 3 review of literature on natural resource accounting
chapter 3 review of literature on natural resource accounting

This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research

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Monetary Policy Report February 2015: Effects of the falling oil price

... prices to reduce their domestic oil subsidies and increase oil-related taxes to improve their public finances. In contrast, among the net exporters such as Saudi Arabia, Russia and Norway, GDP growth is dampening as export revenues are falling. The tendency among certain oil-producing countries to c ...
CHAPTER OVERVIEW
CHAPTER OVERVIEW

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File
File

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Resource curse

The resource curse, also known as the paradox of plenty, refers to the paradox that countries and regions with an abundance of natural resources, specifically point-source non-renewable resources like minerals and fuels, tend to have less economic growth and worse development outcomes than countries with fewer natural resources. This is hypothesized to happen for many different reasons, including a decline in the competitiveness of other economic sectors (caused by appreciation of the real exchange rate as resource revenues enter an economy, a phenomenon known as Dutch disease), volatility of revenues from the natural resource sector due to exposure to global commodity market swings, government mismanagement of resources, or weak, ineffectual, unstable or corrupt institutions (possibly due to the easily diverted actual or anticipated revenue stream from extractive activities). The resource curse may not be universal for all countries with an abundance of natural resources, but on average, economies with abundant natural resources have tended to grow more slowly than natural-resource-scarce economies.
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