Stakeholders in the international economy have long considered
energy a crucial aspect of national sovereignty - a commodity
inherently political in nature. Because of its contentious nature,
energy and natural resources have been the source of conflicts for
a millennia. With the sharp increase of the international price of
oil and natural gas from 2002-2008, energy subsidization in the
energy-rich exporting countries assumed center stage. A narrow
focus on this new dynamic, however, obscures the basic issue that
developed and developing countries tend to view energy in
fundamentally contradictory ways. For developed, OECD countries
energy is primarily a tool used to promote the smooth running of
the global economy. This book discusses the role and development of
energy in emerging regions.
General
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