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Books > History > World history > From 1900 > Postwar, from 1945
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Oil Shock - The 1973 Crisis and its Economic Legacy (Paperback)
Loot Price: R1,323
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Oil Shock - The 1973 Crisis and its Economic Legacy (Paperback)
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The 1973 'Oil Shock' is considered a turning point in the history
of the twentieth century. At the time it seemed to mark a
definitive shift from the era of low priced oil to the era of
expensive oil. For most Western industrialized countries, it became
the symbolic marker of the end of an era. For many oil producers,
it translated into an unprecedented control over their energy
resources, and completed the process of decolonization, leading to
a profound redefinition of international relations. This book
provides an analysis of the crisis and its global political and
economic impact. It features contributions from a range of
perspectives and approaches, including political, economic,
environmental, international and social history. The authors
examine the origins of what was defined as an 'oil revolution' by
the oil-producing countries, as well as the far-reaching effects of
the 'shock' on the Cold War and decolonization, on international
energy markets and the global economy. In doing so, they help place
the event in its historical context as a key moment in the
transformation of the international economy and of North-South
relations.
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