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The petrodollars and the world economy |
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| Authors: | Wilfried Lütkenhorst Horst Minte |
| Affiliation: | 1. Ruhr-Universit?t Bochum, Bochum |
| Abstract: | The quadrupling of the oil price by the OPEC in 1973 was a poignant event in the post-war development of the world economy. Which measures and mechanisms conduced to the international income redistribution necessitated by the hoisting of the oil prices in the past five years? |
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