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Oil Effect on World Economy

Author

Listed:
  • Mihaela Neculita

    (Dunarea de Jos University of Galati, Romania)

  • Daniela Sarpe

    (Dunarea de Jos University of Galati, Romania)

  • Vasile Mazilescu

    (Dunarea de Jos University of Galati, Romania)

Abstract

The paper presents the macroeconomic effects of the oil trade on the world economy, taking into account a number of factors that characterise it: evolution of oil price, as well as dynamics of oil exports, economic increase based on oil of the producing and consuming countries, attempts to diversify their economies in order to get rid of the oil dependence, tendencies and length of these processes, co-operation and role of the countries that are involved in the exchange affairs that deal with this fundamental product called: the blood of economy.

Suggested Citation

  • Mihaela Neculita & Daniela Sarpe & Vasile Mazilescu, 2006. "Oil Effect on World Economy," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 89-94.
    • Handle: RePEc:ddj:fseeai:y:2006:i:1:p:89-94
    as

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