The International Oil Market: A Case of Trilateral Oligopoly pdf

Alessandro Roncaglia (Roma, 1947) ha sido o es profesor de economía en la Universidad Sapienza de Roma (1981-2017); editor, Moneta e credito y PSL (anteriormente BNL) Quarterly Review (1989-2016), y miembro de su consejo editorial (desde 1979); junta directiva de editores, Journal of Post Keynesian Economics (desde su fundación en 1978); miembro, Società Italiana degli Economisti (Consejo de presidencia, 1992-95; presidente, 2010-2013). Es presidente de la associazione culturale Economia civile desde su fundación en 2011 y miembro de la Accademia Nazionale dei Lincei (miembro correspondiente de 1998 a 2007; miembro nacional desde 2007; administrador académico conjunto y miembro del consejo de la presidencia, 2018-). Autor de artículos y libros traducidos en muchos idiomas, del español al chino, del japonés al ruso, del coreano al catalán; entre ellos, Piero Sraffa (Macmillan Palgrave, 2009) y La riqueza de las ideas (CUP, 2005), cuya edición italiana (Laterza 2001) recibió el Premio Jerome Blanqui de la Sociedad Europea de Historia del Pensamiento Económico en 2003.

The International Oil Market: A Case of Trilateral Oligopoly pdf por Alessandro Roncaglia

Over the past fifteen years, events in the international oil market have had a direct impact on the personal well-being of members of both developed and underdeveloped economies. They have also had a wide-ranging impact on the evolution of the world economy, an impact which varies widely from country to country. As a result of the sharp changes that have occurred in the oil market over the last fifteen years, it is easier to identify the reasons why this sector occupies such a central role in modern economies. First, oil is an indispensable means of production, as a raw material for the petrochemical sector, and - above all - as a source of energy. In this respect, the fact that the price of oil was for a long period low, compared with available alternatives, and decreasing in real terms, helps to explain the impact of oil on the world's economies. Since changes in the direction of techno-logical research and the adaptation and adjustment of production equip-ment require substantial periods of time, it is likely that, despite the recent large increases in its price, oil will be required for many years to come to satisfy a substantial, if decreasing, share of the energy require-ments of all countries.