Here is the synopsis of our sample research paper on The Instability of Oil-Driven Economies. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This is a 7 page paper that provides an overview of oil economies. The importance of pursuing economic diversification is explored. Bibliography lists 7 sources.
Page Count:
7 pages (~225 words per page)
File: KW60_KFoilnat.doc
Buy This Term Paper »
Unformatted sample text from the term paper:
nations. Ideological concerns aside, the economic disadvantage of being subject to the pricing structure of OPEC countries has proven in recent years to be quite costly, and has many seeking
out alternative energy sources. However, there may be even yet another reason to avoid entanglement with foreign economies that are heavily oil dependent, particularly as far as direct investments are
concerned. This is because, despite the material wealth afforded by tapping into an abundance of natural oil resources, historical and contemporary studies indicate that the majority of oil producing nations
are simply squandering their oil wealth on luxuries rather than using it to reinforce a structure of increasing returns on investments that would secure economic stability and growth. Moving forward,
if these countries continue to act in the same fashion, and remain intricately tied into the economic interests of the West, a worldwide financial crisis may be in order. This
section of the paper helps the student provide a basic overview of the issue to be discussed and its implications). The true significance of this issue lies in the fact
that, for the past several years, the state of the world economy has been largely tied to the state of oil prices (Naghshineh-Pour, 2010). This was handily demonstrated by the
recent worldwide economic crisis, during which the price of oil stopped increasing for the first time in nearly a decade and plummeted to just $34 dollars a barrel (Naghshineh-Pour, 2010).
While prices have since begun to recover, the dip they took indicated to many analysts that the oil-dependency of many of the worlds developing economies represents a critical vulnerability that
should be addressed lest the global market run the risk of future recessions stemming from virtually the same causes (Naghshineh-Pour, 2010). Examples of such economies include Iran and Venezuela.
...