Impact of higher oil prices on the economies of Non-Oil Developing Countries

Thesis/Dissertation · Thu Jan 01 04:00:00 EST 1987

OSTI ID:5738306

Baird, G L

The impact of the oil price increases on the economies of 24 Non-Oil Developing Countries is assessed. The hypothesis is that OPEC's pricing policies have intensified the deterioration of economic conditions in the Non-Oil Developing Countries. Two countries, Brazil and Guyana, are selected as case studies. The first chapter evaluates theoretical interpretations of secular deterioration of the terms of trade in the light of a changed international environment that attended the OPEC price increases. Chapter two traces the roots of the oil price increase and examines the impact of oil on actual terms of trade and trade balances. The growth of external indebtedness of the Non-Oil Developing Countries is the focus of chapter three. Chapter four analyzes the implications of the oil prices increases for industrialization strategy, growth and development of the two study countries, Brazil and Guyana. Chapter V suggests policy options available to the Non-Oil Countries at the international and domestic levels. Among the study's major findings are that the OPEC price increases have intensified the terms of trade deterioration of the Non-Oil Developing Countries and have compounded the former problems with manufactured goods produced by developed countries. External debts of these countries have been exacerbated by U.S. monetary policies.

• Research Organization: California Univ., Riverside, CA (USA)
• OSTI ID: 5738306
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002* -- Energy Planning & Policy-- Petroleum
DEVELOPING COUNTRIES
ECONOMIC IMPACT
ECONOMIC POLICY
ENERGY EXPENSES
ENERGY SOURCES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
NORTH AMERICA
OIL-IMPORTING COUNTRIES
PETROLEUM
PRICES
TRADE
USA