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(Ebook) Oil and the Western Economic Crisis by Helen Thompson (auth.) ISBN 9783319525082, 9783319525099, 3319525085, 3319525093

  • SKU: EBN-5882590
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Authors:Helen Thompson (auth.)
Pages:127 pages.
Year:2017
Editon:1
Publisher:Palgrave Macmillan
Language:english
File Size:4.78 MB
Format:pdf
ISBNS:9783319525082, 9783319525099, 3319525085, 3319525093
Categories: Ebooks

Product desciption

(Ebook) Oil and the Western Economic Crisis by Helen Thompson (auth.) ISBN 9783319525082, 9783319525099, 3319525085, 3319525093

This book explains the place of oil in the economic and political predicaments that now confront the West. Thompson explains the problems that the rising cost of oil posed in the years leading up to the 2008 crash, and the difficulties that a volatile oil market now poses to economic recovery under the conditions of high debt, low growth and quantitative easing. The author argues that the 'Gordian knot' created by the economic and political dynamics of supply and demand oil in the present international economy poses a fundamental challenge to the assumption of economic progress embedded in Western democratic expectations.
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