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Impact of Global Energy Politics on International Trade

Author

Listed:
  • Rabiul Islam

    (School of International Studies, University Utara Malaysia, Sintok, Kedah, Malaysia)

  • Rusdi Omar

    (School of International Studies, University Utara Malaysia, Sintok, Kedah, Malaysia)

  • Ahmad Bashawir Abdul Ghani

    (School of International Studies, University Utara Malaysia, Sintok, Kedah, Malaysia)

  • Bakri Mat

    (School of International Studies, University Utara Malaysia, Sintok, Kedah, Malaysia)

Abstract

The aim of this paper is to affect the global energy politics on international trade. Energy is crucial to financial advance and social improvement and energy utilization around the world has multiplied, contributing essentially to exceptional financial development. Data for this study were obtained from existing literatures on international trade of energy politics. The methodology heavily relied on existing previous literatures on the subject being dealt with. The findings indicate that international trade affects energy for many factors, including energy demand and consumption, distribution of natural resources and energy price. Further, politics of energy can affect international trade by government policy such as protectionism or trade barriers which are tariff and non-tariff like quotas and subsidies as well as currency control or currency exchange rate of a country.

Suggested Citation

  • Rabiul Islam & Rusdi Omar & Ahmad Bashawir Abdul Ghani & Bakri Mat, 2020. "Impact of Global Energy Politics on International Trade," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 109-115.
    • Handle: RePEc:eco:journ2:2020-06-14
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Energy politics; international trade; multilateral exchange; protectionism; energy price.;
    All these keywords.

    JEL classification:

    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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