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- W2103455498 abstract "This article extends existing political-economic models to deal more rigorously with politics in countries with trade-dependent economies, and in particular with the policy consequences of oil-exporting in industrial countries. Models drawn from economics and finance show how much of Britain's recent unemployment results from North Sea oil, at first through speculation in sterling in rapidly-growing international currency markets and more recently through the balance of payments. In Norway, by contrast, speculation was deterred by a variety of policies on fixing exchange rates, and the unemployment problem contained by better-planned and executed employment subsidy programmes. These policy variations are explained by differences in available ideas, institutions and, ultimately, structural characteristics." @default.
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- W2103455498 date "1987-04-01" @default.
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- W2103455498 title "Crude Politics: Oil and the Political Economy of Unemployment in Britain and Norway, 1970–85" @default.
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- W2103455498 doi "https://doi.org/10.1017/s0007123400004695" @default.
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