Energy and Economic Development: Experience and Issues in Developing Asia

Jayanta Madhab

Asian Development Review (ADR), 1987, vol. 05, issue 01, 61-82

Abstract: Since the early 1970s, the world economy experienced a series of difficulties resulting in sluggish economic growth. An inflationary trend was followed in late 1973 by a sharp increase in the price of oil and a consequent recession in developed countries. The oil-importing developing countries faced growing balance of payments deficits because of their rising import bills and declining demand for their exports in industrial countries…

Date: 1987
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DOI: 10.1142/S0116110587000034

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