Political and Economic Implications of Low Oil Prices for OPEC States Cover Image

Polityczno-ekonomiczne implikacje niskich cen ropy na światowych rynkach dla państw OPEC
Political and Economic Implications of Low Oil Prices for OPEC States

Author(s): Rafał Hryniewiecki, Rafał Jarosz
Subject(s): Politics / Political Sciences, Politics, Economic policy
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: OPEC;

Summary/Abstract: The article identifies and explains the political and economic implications of low oil prices for the major petrostates. In a comparative analysis of OPEC countries the authors examine their resistance to low oil prices in the long term perspective on the basis of different criteria, such as competitiveness of their oil sectors, budget balance, structure of the economy, foreign exchange reserves, currency convertibility or sovereign default risk. The findings result in a set of indications regarding the international activity of these states, with focus on power shifts between them, their possible alliances and emerging interdependencies.

  • Issue Year: 2016
  • Issue No: 3
  • Page Range: 102-117
  • Page Count: 16
  • Language: Polish