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The Resource Sector in an Open Economy (Paperback, Softcover reprint of the original 1st ed. 1984)
Loot Price: R2,900
Discovery Miles 29 000
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The Resource Sector in an Open Economy (Paperback, Softcover reprint of the original 1st ed. 1984)
Series: Lecture Notes in Economics and Mathematical Systems, 200
Expected to ship within 10 - 15 working days
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the economics of exhaustible " assets presents a whole forest of
intriguing problems." 1 Harald Hotelling ) The two energy price
shocks in 1973/74 and 1979/80 have arosed interest in the new area
of resource economics. The affluent societies of Europe, North
America and Japan were confronted with the new scarcity paradigm of
the "space ship earth" with only a limited supply of natural
resources aboard whereas population is growing and the environment
can not accomodate the increasing volume of pollutants. The problem
of natural resource scarcity gives rise to the question how
resource-dependent economies like European coun tries and Japan are
affected by an increase in resource prices and how they can adjust
to rising energy prices. The new para digm also has focused new
interest on the problem of the re source-extracting firm and of the
resource-exporting country. The Hotelling revival of resource
economics has given new im portance to the behavior and to the
policy issues of resource exporting countries."
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