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Energy consumption trends in high growth Asian economies before and after 1986

Author

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  • William E. James
  • Fereidun Fesharaki

Abstract

In 1986, world oil prices declined sharply. Lower oil prices have been favourable to economic growth and price stability in Asia. However, oil consumption has also been growing rapidly in developing Asian countries including those dependent on imported oil. The increasing dependence on oil as a source of energy since 1986 is a striking reversal of the previous trend. In their pursuit of rapid industrialization, Asian countries have neglected energy conservation and diversification strategies. Unless energy policy is redirected, countries like Korea, Thailand and the Philippines could be seriously hurt by a sharp rise in oil prices. An increase in oil prices is almost inevitable in the next few years.

Suggested Citation

  • William E. James & Fereidun Fesharaki, 1990. "Energy consumption trends in high growth Asian economies before and after 1986," Natural Resources Forum, Blackwell Publishing, vol. 14(2), pages 158-162, May.
    • Handle: RePEc:wly:natres:v:14:y:1990:i:2:p:158-162
    DOI: 10.1111/j.1477-8947.1990.tb00382.x
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    Cited by:

    1. Thorpe, Sally & Sterland, Barry & Jones, Barry P. & Wallace, Nancy A. & Pugsley, Sally-Ann, 1991. "World energy markets and uncertainty to the year 2100: implications for greenhouse policy," Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Archive 316175, Australian Government, Australian Bureau of Agricultural and Resource Economics and Sciences.

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