| Counter-Shock: The Oil Counter-Revolution of the 1980s Contributor(s): Basosi, Duccio (Editor), Garavini, Giuliano (Editor), Trentin, Massimiliano (Editor) |
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ISBN: 1838605827 ISBN-13: 9781838605827 Publisher: I. B. Tauris & Company OUR PRICE: $46.48 Product Type: Paperback - Other Formats Published: October 2019 |
| Additional Information |
| BISAC Categories: - History | Middle East - General - Business & Economics | Industries - Energy - Political Science | Geopolitics |
| Series: International Library of Twentieth Century History |
| Physical Information: 0.82" H x 5.5" W x 8.5" (1.02 lbs) 400 pages |
| Themes: - Cultural Region - Middle East |
| Descriptions, Reviews, Etc. |
| Publisher Description: The oil price collapse of 1985-6 had momentous global consequences: non-fossil energy sources quickly became uncompetitive, the previous talk of an OPEC 'imperium' was turned upside-down, the Soviet Union lost a large portion of its external revenues, and many Third World producers saw their foreign debts peak. Compared to the much-debated 1973 oil shock', the countershock' has not received the same degree of attention, even though its legacy has shaped the present-day energy scenario. This volume is the first to put the oil counter-shock' of the mid-1980s into historical perspective. Featuring some of the most knowledgeable experts in the field, Counter-Shock offers 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 counterrevolution' against state intervention in economic management, put forward by Ronald Reagan and Margaret Thatcher in the same period. |