Impact of Higher Oil Prices

http://www.iea.org/papers/2004/ high up_oil_prices.pdf http://www.teamone.com.hk/pdf/previous_work/Impact_of_%20Higher_Oil_%20Price_on_Asia.pdf http://jamesesz.wordpress.com/2008/09/27/impact-of-high-oil-prices-on-the-malaysian-economy/ restore OF HIGH OIL PRICES ON THE MALAYSIAN ECONOMY Posted by jamesesz on September 27, 2008 · 2 Comments  [pic] I. Abstract The year 2008 has brought to Asia not barely the Beijing Olympics games just also a hosts of economic calamities ranging from the spillover effectuate from the subprime crisis, the food crisis, and more importantly the unprecedented surge in international oil prices. History has shown us from the oil crisis in the 1970s that high oil prices severely affect economies in both the developed and developing countries. This research paper attempts to shortly study reasons for the spike in oil prices and the impact that high energy prices would bring to Malaysia and other Asian economies. Furthermore, knowing the challenges onward is only part of the whole picture. More importantly, it is the response of the governance in charge that will determine how well we stand this current crisis. II.

Prelude The end of the cold war, globalization, the rise of China and the rampant spread of information technology set the stage for a long spell of economic growth, high productivity, wretched inflation, and boom economy for not just the fall in States but for roughly of the rest of the world (Daniel Gross, 2007).[1] The acceleration of the flow of workers across b outranks to the to the highest degree competitive markets during the past decade has been a potent disinflationary gist that not only held down wage growth but inflation in virtually every country. Yet this catch of unprecedented worldwide economic growth coupled with low inflation may be at its end as the subprime and financial crisis has all but crippled the economy of the United States while commodity prices of both food and fuel has reached antecedently unforeseeable heights. Among... If you want to get a full essay, order it on our website: Orderessay

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