Contemporary Development of the Commodity Markets – Consequences and Challenges for the Revitalization of the World Economy
Contemporary Development of the Commodity Markets – Consequences and Challenges for the Revitalization of the World Economy
Author(s): Peter Baláž, Stanislav ZábojníkSubject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: commodity markets; economy crisis; energy security; globalization; industrial policy; oil market
Summary/Abstract: The paper analyzes selected examples of the impact that the economic crisis has had on the development of commodity markets and global economy. Authors focus mainly on the segment of energy resources, in which plays a dominant role crude oil and its condensates; It accentuates the highness of dependence between financial markets development (USD), and oil markets. This paper describes consequences of the energy markets development on strategic development plans of the EU. The revitalization of the global economy can only be successful if the result of coordinated strategic cooperation-oriented or even most affected national economies to international and supranational bodies, and without that they are not taken into account and target the interests of the vari-ous parts of the world economy.
Journal: Ekonomický časopis
- Issue Year: 58/2010
- Issue No: 09
- Page Range: 938-957
- Page Count: 20
- Language: English