AN OVERVIEW ON THE INCREASE OF OIL PRICE AND ITS EFFECT ON THE WORLD ECONOMY AND POLICY

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RAEISI TOUSI R.; MOUSAVI SAFAI S.

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Journal: Political Quarterly Year:2005 | Volume:- | Issue:67 Page(s): 53-76

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Title

AN OVERVIEW ON THE INCREASE OF OIL PRICE AND ITS EFFECT ON THE WORLD ECONOMY AND POLICY

Author(s)

RAEISI TOUSI R. | MOUSAVI SAFAI S. | Issue Writer Certificate

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Abstract

Price of oil has a major influence on the world economy. Its increase has a role in the world economy decline. In short term, the oil price increase results in the fall of the GNP in the oil importing countries that lack oil resources. Nevertheless, subsequently the oil importing industrial countries offset the increased oil prices by upgrading the cost of their services and by implementing monetary policies. Therefore, only the developing countries are to suffer from the oil price increase and hence, the gap between the industrialized and poor countries would continue to widen.

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APA: Copy

RAEISI TOUSI, R., & MOUSAVI SAFAI, S.. (2005). AN OVERVIEW ON THE INCREASE OF OIL PRICE AND ITS EFFECT ON THE WORLD ECONOMY AND POLICY. POLITICS QUARTERLY: JOURNAL OF FACULTY OF LAW AND POLITICAL SCIENCE, -(67), 53-76. SID. https://sid.ir/paper/110031/en

Vancouver: Copy

RAEISI TOUSI R., MOUSAVI SAFAI S.. AN OVERVIEW ON THE INCREASE OF OIL PRICE AND ITS EFFECT ON THE WORLD ECONOMY AND POLICY. POLITICS QUARTERLY: JOURNAL OF FACULTY OF LAW AND POLITICAL SCIENCE[Internet]. 2005;-(67):53-76. Available from: https://sid.ir/paper/110031/en

IEEE: Copy

R. RAEISI TOUSI, and S. MOUSAVI SAFAI, “AN OVERVIEW ON THE INCREASE OF OIL PRICE AND ITS EFFECT ON THE WORLD ECONOMY AND POLICY,” POLITICS QUARTERLY: JOURNAL OF FACULTY OF LAW AND POLITICAL SCIENCE, vol. -, no. 67, pp. 53–76, 2005, [Online]. Available: https://sid.ir/paper/110031/en

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