The papers collected here, originally presented at a seminar
cosponsored by the East-West Center and the Asian Productivity
Organization, address the links between energy sector performance
and economic development in the Asia-Pacific region. The
contributors include senior-level government officials and
researchers concerned with energy planning and economic
development. Their aim throughout is to identify the major linkages
that do exist, to assess the role of the energy sector in future
development, and to discuss energy policy options that will
optimize economic growth.
Divided into five major sections, the volume begins with papers
that explore regional issues of energy and economic development.
Separate chapters are devoted to the effects of OPEC and oil price
fluctuations, the relationship between energy and economic growth,
energy trade in Asia and the Pacific, changes in the balance of
payments and capital flows, and problems of property rights and
petroleum exploration. The sections that follow present case
studies of individual Pacific and Asian countries, organized by
region. Particular attention is paid to the effects of increasing
interdependencies within the region and to the relative success of
policies developed in response to the long-term outlook for oil
supplies and prices. Students of energy economics and Asian
development will find "The Energy-Economy Link" invaluable
reading.
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