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- W2082631736 abstract "This oil shock is much less of a surprise than many pretend. A decade of ‘structural adjustment’ has intensified geopolitical change worldwide, especially in the South. Both oil and non-oil countries need higher revenues and faster growth to face their demographic transition — running at an extra 80 million people/year. Iraq, facing these pressures and postwar reconstruction, demanded $25/bbl. The rich countries facing this challenge as well as Iraq's push towards realizing the ‘Arab Nation’, have responded with force instead of trade and cooperation, negotiation and reconciliation. This will only accelerate regional geopolitical change, may lead to all-out war, and will not restore cheap oil. Higher oil prices, though inflationary, will restore economic growth in both oil and non-oil developing countries, resulting in a sequence like 1974-76 rather than 1981-83. If Western leaders take this as grounds for North-South war this provides further proof of their dangerously unreal mindset and ideology." @default.
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- W2082631736 date "1990-10-01" @default.
- W2082631736 modified "2023-09-25" @default.
- W2082631736 title "Worlds in collision" @default.
- W2082631736 doi "https://doi.org/10.1016/0301-4215(90)90021-u" @default.
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