Energy: the price of development

Journal Article · Thu Apr 01 04:00:00 EST 1982 · Bull. At. Sci.; (United States)

DOI:https://doi.org/10.1080/00963402.1982.11455726· OSTI ID:5317617

Lakoff, S A

The 85 oil-importing developing countries (LDCs) have a critical need for energy to fuel economic development, but the US is opposing a World Bank proposal to double energy-development loans. The LDCs have borne most of the burden of balance-of-payment inequities, which has stopped their development progress. Proper management of their indigenous energy sources, with financial help from the World Bank, could eliminate much of this burden. The author feels that application of Reagonomics to this problem is short-sighted and self-defeating because the industrialized countries need debts repaid, new markets for exports, and less competition for OPEC oil. These will accompany economic recovery in the LDCs. (DCK)

• Research Organization: Univ. of California, San Diego
• OSTI ID: 5317617
• Journal Information: Bull. At. Sci.; (United States), Journal Name: Bull. At. Sci.; (United States) Vol. 38:4; ISSN BASIA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
COOPERATION
DEVELOPING COUNTRIES
ECONOMIC DEVELOPMENT
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
FINANCING
INTERNATIONAL COOPERATION
RENEWABLE ENERGY SOURCES