Adjustment in Oil-Importing Developing Countries

Explore the profound economic impacts of the oil price shocks of 1973-74 and 1979-80 in Pradeep K. Mitra's insightful book, Adjustment in Oil-Importing Developing Countries. Published by Cambridge University Press in 1994, this comprehensive study spans 336 pages, delving into how developing nations adjusted to these unprecedented price movements in the international economy. Mitra employs econometric models to analyze the economic development strategies of oil-importing countries, making it an essential read for those interested in development economics and the petroleum industry's economic aspects. This hardback edition is not only a vital resource for students and professionals in economics but also for anyone looking to understand the complex relationship between oil prices and economic stability in developing regions. Enhance your knowledge of economic development with this pivotal work.