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Routledge Library Editions: The Economics and Politics of Oil and Gas, Volume 7, Originally Published 1981
This book, first published in 1981, delves into the multifaceted welfare effects stemming from the significant rise in oil prices and revenues during the 1970s. It meticulously examines the complex impacts on developing countries, including issues related to aid, debt, trade, and labor flows. The negotiating positions of these nations are thoroughly investigated, drawing upon a diverse array of sources for quantitative analysis. The treatment remains accessible, avoiding mathematical complexities and written in clear English.