search query: @indexterm INTERNATIONAL TRADE / total: 2170
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| Author: | Wang, Luyi Wang, Ping |
| Title: | Low oil price: A double-edged sword in global economy (original in Chinese) |
| Journal: | Economy and Information (c)
1998 : 10, p.16-17 |
| Index terms: | OIL INDUSTRY PRICES MARKETS INTERNATIONAL TRADE INTERNATIONAL MARKETING PETROLEUM INDUSTRY |
| Language: | chn |
| Abstract: | The variation in oil price has been gradually turned to be a major index that allows the determination of the orientation of international economy. The drop in oil price affects the international economy in dual way. On one hand, the oil exporting countries have lost a great deal in foreign exchange revenue; on the other hand, the oil importing countries have ben benefited in keeping their economy in balanced expansion. However, the long-term excessive low price will reduce the initiative of the oil production countries, stimulate the extra high consumption and increase the dependence of the consumer countries upon the oil import, which will thus, toughen the contradiction in both supply and demand and bring about a hidden peril of oil crisis in the future. |
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