The Euromarket & OPEC Oil Revenues: A Study of Banking Intermediation

The OPEC price escalations of 1973-74 and 1979-80 have had a crucial effect on the world economy and on international trade. Non-OPEC countries have had t o adjust to higher petroleum prices. They have tried to develop alternative energy resources and have invested in various energy conservation measures.

By: Goran Bergendahl

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