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The irony of state strength: comparative responses to the oil shocks in the 1970s

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  • Ikenberry, G. John

Abstract

Like two gigantic waves, the oil shocks crested over the advanced industrial world during the 1970s. The relatively stable postwar petroleum regime, managed by the large oil firms and protected by American diplomatic and military strength, collapsed. In seven years crude oil prices, adjusted for inflation, increased more than 500 percent. A multitude of national security, economic, and political challenges confronted the advanced industrial states. But unlike war, where the threat is observable and lines of conflict quickly become apparent, the oil shocks cast up problems that were more insidious—problems of energy security, economic adjustment, and industrial competitiveness. These international dilemmas could be defined in various ways, and a host of policy responses could be brought to bear upon them.

Suggested Citation

  • Ikenberry, G. John, 1986. "The irony of state strength: comparative responses to the oil shocks in the 1970s," International Organization, Cambridge University Press, vol. 40(1), pages 105-137, January.
    • Handle: RePEc:cup:intorg:v:40:y:1986:i:01:p:105-137_00
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    Cited by:

    1. Cécile Couharde & Fatih Karanfil & Eric Gabin Kilamaa & Luc Désiré Omgbaa, 2017. "The Importance of Oil in the Allocation of Foreign Aid: The case of the G7 donors," EconomiX Working Papers 2017-40, University of Paris Nanterre, EconomiX.
    2. Urpelainen, Johannes, 2011. "Export orientation and domestic electricity generation: Effects on energy efficiency innovation in select sectors," Energy Policy, Elsevier, vol. 39(9), pages 5638-5646, September.
    3. Anadón, Laura Díaz, 2012. "Missions-oriented RD&D institutions in energy between 2000 and 2010: A comparative analysis of China, the United Kingdom, and the United States," Research Policy, Elsevier, vol. 41(10), pages 1742-1756.
    4. Thao, Chu Minh, 2018. "The Transformation Of Vietnamese Trade Policy," OSF Preprints 7qdnt, Center for Open Science.
    5. Cherp, Aleh & Vinichenko, Vadim & Jewell, Jessica & Suzuki, Masahiro & Antal, Miklós, 2017. "Comparing electricity transitions: A historical analysis of nuclear, wind and solar power in Germany and Japan," Energy Policy, Elsevier, vol. 101(C), pages 612-628.
    6. Brutschin, Elina & Fleig, Andreas, 2018. "Geopolitically induced investments in biofuels," Energy Economics, Elsevier, vol. 74(C), pages 721-732.
    7. Couharde, Cécile & Karanfil, Fatih & Kilama, Eric Gabin & Omgba, Luc Désiré, 2020. "The role of oil in the allocation of foreign aid: The case of the G7 donors," Journal of Comparative Economics, Elsevier, vol. 48(2), pages 363-383.
    8. D E Ashford, 1990. "Intergovernmental Social Transfers and the Welfare State: Menace or Promise?," Environment and Planning C, , vol. 8(2), pages 217-232, June.
    9. Konstantinos Konstantakis & Panayotis G. Michaelides & Theofanis Papageorgiou, 2014. "Sector size, technical change and stability in the USA (1957-2006): a Schumpeterian approach," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 41(10), pages 956-974, October.
    10. Fam, Shun Deng & Xiong, Jieru & Xiong, Gordon & Yong, Ding Li & Ng, Daniel, 2014. "Post-Fukushima Japan: The continuing nuclear controversy," Energy Policy, Elsevier, vol. 68(C), pages 199-205.
    11. Di Muzio, Tim, 2016. "Energy, Capital as Power and World Order," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 267-287.
    12. Mohammed Adil Sait & Uchendu Eugene Chigbu & Iqbal Hamiduddin & Walter Timo De Vries, 2018. "Renewable Energy as an Underutilised Resource in Cities: Germany’s ‘Energiewende’ and Lessons for Post-Brexit Cities in the United Kingdom," Resources, MDPI, vol. 8(1), pages 1-27, December.
    13. Alexandru Cristian Fotea & Corneliu Guțu, 2016. "Historical and Theoretical Framework of the Relation between Higher Education Institutions and the Process of Regional Economic Development," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(1), pages 23-42.
    14. Solomon, Barry D. & Krishna, Karthik, 2011. "The coming sustainable energy transition: History, strategies, and outlook," Energy Policy, Elsevier, vol. 39(11), pages 7422-7431.
    15. Bernard Njindan Iyke & Sin-Yu Ho, 2020. "The effects of transitory and permanent inflation uncertainty on investment in Ghana," Economic Change and Restructuring, Springer, vol. 53(1), pages 195-217, February.
    16. Kong, Dongmin & Yang, Xiandong & Xu, Jian, 2020. "Energy price and cost induced innovation: Evidence from China," Energy, Elsevier, vol. 192(C).

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