Natural resources, including oil, are considered one of the most important sources of national wealth in the world. It is thought that the abundant revenues from natural resources will create wealth for a country and it will lead to economic growth, investment acceleration and poverty reduction. In this book we cover the effect of Oil Shocks on the economy of developing countries exporting crude oil as their main source of income. Oil price volatilities are one of the major factors of economic crises among oil importing and exporting countries. Therefore, it is necessary to examine the impact of oil price shocks on the economy of oil-exporting countries, where oil revenues are recognized as the engine of the economy.
Mohammadreza Ramezani, a Bachelor in Business Management, American University, Dubai. He's 5 years of work experience in both upstream & downstream sectors. Since 2014 he's been given the position of project manager at MAGOD Refinery to oversee the development of the project as well as marketing & distributing various products in several countries.
Number of Pages:
LAP LAMBERT Academic Publishing
Oil Industry, oil prices and economy, oil prices on MENA countries, Economy, the effects of oil prices on market
BUSINESS & ECONOMICS / General