Counter-shock

Name: Counter-shock
Brand: Bloomsbury Publishing PTY Ltd
SKU: 9781838605827
Price: 76.99 NZD
Availability: InStock

The Oil Counter-Revolution of the 1980s

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Summary

Counter-shock examines the profound global consequences of the 1985-6 oil price collapse, a pivotal event that reversed the energy dynamics established after the 1973 oil shock. This volume explores how the collapse destabilised the Soviet Union's revenues, challenged OPEC's influence, and escalated debts in many Third World countries. It uniquely situates the counter-shock within its historical context, analysing its interplay with the political shift towards reduced state economic intervention championed by leaders like Ronald Reagan and Margaret Thatcher.
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Format: Paperback / softback

$76⁹⁹

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Counter-shock

$76⁹⁹

Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

Counter-shock is ideal for scholars, students, and professionals interested in energy policy, economic history, and international relations, particularly those seeking to understand the long-term impacts of global oil market fluctuations and political economy during the 1980s.

Description

The oil price collapse of 1985-86 had momentous global consequences: non-fossil energy sources quickly became uncompetitive, the previous talk of an OPEC 'imperium' was turned upside-down, the Soviet Union lost a large portion of its external revenues, and many Third World producers saw their foreign debts peak.

Compared to the much-debated 1973 oil shock, the countershock has not received the same degree of attention, even though its legacy has shaped the present-day energy scenario.

This volume is the first to put the oil counter-shock of the mid-1980s into historical perspective. Featuring some of the most knowledgeable experts in the field, Counter-shock offers a balanced approach between the global picture and local study cases.

In particular, it highlights the crucial interaction between the oil counter-shock and the political counterrevolution against state intervention in economic management, put forward by Ronald Reagan and Margaret Thatcher in the same period.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

The book is praised for its comprehensive coverage and the diverse perspectives offered by 20 international contributors, bridging economic, political, and international history. Reviewers highlight its thorough construction and its illumination of a critical yet underexplored historical moment, making it a valuable resource for future research in energy and political history.

Book Details

INFORMATION

ISBN: 9781838605827

Publisher: Bloomsbury Publishing PLC

Format: Paperback / softback

Date Published: 31 October 2019

Country: United Kingdom

Imprint: I.B. Tauris

Illustration: 21 bw integrated

Contributors:

Edited by Giuliano Garavini
Edited by Duccio Basosi
Edited by Massimiliano Trentin

Audience: Tertiary education

DIMENSIONS

Spine width: 24.0mm

Width: 86.0mm

Height: 218.0mm

Weight: 500g

Pages: 400

Collections

Education & Reference Finance & Economics Finance & Investment History & Archaeology History & Military Middle Eastern History Non-Fiction Politics & Current Affairs

About the Author

Duccio Basosi is Assistant Professor of History of International Relations at the Ca' Foscari University of Venice. He has worked extensively on the international political economy of the 1970s and 1980s. Between 2011 and 2016 he has coordinated the research project The Engines of Growth: A Global History of the Conflict between Renewables, Fossil and Fissile Energies 1972-1992, funded by the Italian Ministry of University and Research. Giuliano Garavini is Senior Braudel Fellow at the European University Institute (EUI) in Florence and Visiting Senior Research Fellow in the Humanities at NYU Abu Dhabi. He headed the Padua unit of the project `The engines of growth: for a global history of the conflict between renewable, fossil, and fissile energies, 1972-1992', funded by the Italian Ministry of University and Research. He is the author of After Empires. European Integration, Decolonization and the Challenge from the Global South, 1957-1986 and co-editor of Oil Shock. The 1973 Crisis and its Economic Legacy. Massimiliano Trentin is Assistant Professor of History and International relations of the Middle East at the Department of Political and Social Sciences, University of Bologna. He works on the International History of the Middle East and North Africa, with a special focus on the interplay between diplomacy, economics and development. He is the author of Engineers of Modern Development: East German Experts in Ba'thist Syria, 1965-1972, and editor of The Middle East and the Cold War: Between Security and Development. He is the Principal Investigator of the PRIN National Research Grant from the Italian Ministry of Scientific Research for the project The Making of the Washington Consensus: International Assets, Debts and Power 1979-1991.