ATTAINING SUSTAINABLE GROWTH IN THE FACE OF FALLING OIL PRICES: ICT AS THE WAY OUT FOR OIL EXPORTING COUNTRIES
Publish Year: 1394
نوع سند: مقاله کنفرانسی
زبان: English
View: 391
This Paper With 8 Page And PDF Format Ready To Download
- Certificate
- من نویسنده این مقاله هستم
استخراج به نرم افزارهای پژوهشی:
شناسه ملی سند علمی:
ICMEH02_004
تاریخ نمایه سازی: 16 شهریور 1395
Abstract:
Since the beginning of the year 2016, the prices of crude oil have reduced by over 20%. This situation has forced oil-rich countries and oil-dependent countries to emergency meetings in order to address the situation and forestall the looming economic downturn. With the price of oil falling to as low as $31.72 per barrel, as at January 12, 2016, global organizations such as BP, Shell and Chevron are laying off thousands of workers in order to effectively manage their operations. Oil Exporting countries have started pointing accusing fingers as some have stated that over production by countries like the United States is the reason for the price slump. The world now has an excess of over one million barrels per day. This study examines the impact of falling oil prices will have on the budgets of oil-exporting countries and prescribes avenues to ensure that oil exporting economies can finance their budgets and ensure that the budget is balanced.
Keywords:
Authors
Olawale Johnson
Economics Department, Covenant University
Ese Urhie
Economics Department, Covenant University
مراجع و منابع این Paper:
لیست زیر مراجع و منابع استفاده شده در این Paper را نمایش می دهد. این مراجع به صورت کاملا ماشینی و بر اساس هوش مصنوعی استخراج شده اند و لذا ممکن است دارای اشکالاتی باشند که به مرور زمان دقت استخراج این محتوا افزایش می یابد. مراجعی که مقالات مربوط به آنها در سیویلیکا نمایه شده و پیدا شده اند، به خود Paper لینک شده اند :