Counter-shock - The Oil Counter-Revolution of the 1980s

The oil price collapse of 1985-6 had momentous global consequences: non-fossil energy sources quickly became uncompetitive, the previous talk of an OPEC 'imperium' was turned upside-down, the Soviet Union lost a large portion of its external revenues, and many Third World producers saw their foreign debts peak. Compared to the much-debated 1973 `oil shock', the `countershock' has not received the same degree of attention, even though its legacy has shaped the present-day energy scenario. This volume is the first to put the oil `counter-shock' of the mid-1980s into historical perspective. Featuring some of the most knowledgeable experts in the field, Counter-Shock offers a balanced approach between the globalpicture and local study cases. In particular, it highlights the crucial interaction between the oil counter-shock and the political `counterrevolution' against state intervention in economic management, put forward by Ronald Reagan and Margaret Thatcher in the same period.

Product details

• Authors: Duccio Basosi, Giuliano Garavini, Massi Trentin, Massimiliano Trentin
• Assisted by: Duccio Basosi (Editor), Duccio (Ca' Foscari University of Venice) Basosi (Editor), Giuliano Garavini (Editor), Giuliano (European University Institute) Garavini (Editor), Massimiliano Trentin (Editor), Massimiliano (University of Bologna) Trentin (Editor)
• Publisher: Tauris, I.B.
• Languages: English
• Product format: Hardback
• Released: 30.06.2018
• EAN: 9781788313339
• ISBN: 978-1-78831-333-9
• No. of pages: 400
• Series: International Library of Twentieth Century History; International Library of Twent; International Library of Twent; International Library of Twentieth Century History
• Subject: Social sciences, law, business > Business > Individual industrial sectors, branches