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

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Publisher's Synopsis

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 global picture 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.

About the Publisher

I.B. Tauris

I.B.Tauris has long been recognised as one of the leading publishers on the Middle East and the Islamic World and has a major presence in Classics and Ancient History, History, Geography and Social Sciences, Politics and International Relations, Philosophy, Religion, Film and Visual Culture, and Fine Art including the internationally recognised Fine Art imprint Philip Wilson Publishers. We also publish the popular Tauris Parke Paperbacks imprint specialising in history, travel and biography.

Book information

ISBN: 9781788313339
Publisher: Bloomsbury Publishing (UK)
Imprint: I.B. Tauris
Pub date:
DEWEY: 338.2728209048
DEWEY edition: 23
Language: English
Number of pages: 400
Weight: 636g
Height: 146mm
Width: 223mm
Spine width: 36mm