|
| |  |
| Globalization's First Oil Shock - Stephen Roach |
|
 This is the first oil shock in the modern era of globalization. That means its impacts are likely to be compounded by the cross-border linkages that shape the global trade cycle. In today’s US-centric world, that spells unusual vulnerability. If higher oil prices take a toll on the over-extended American consumer, repercussions in the rest of an externally-dependent world will be all the more acute. That puts Asia, the world’s most rapidly growing region, right in the cross-hairs of the energy shock of 2005.
Steve Roach Weekly Commentary
|
|
Posted on Friday, August 26 @ 17:47:15 PDT by Carrie |
|
|
|
|
| |
|
| No Comments Allowed for Anonymous, please register |
|
|
|
|
Re: Globalization's First Oil Shock - Stephen Roach (Score: 1)
by venky on Saturday, August 27 @ 00:53:43 PDT
(User Info ) | | Energy crisis of 2005, interesting. |
|
|
|
|
|
|
|
News
Discussions
Resources
Members
