You searched for: Content Type Commentary and Analysis Remove constraint Content Type: Commentary and Analysis Publishing Institution Council on Foreign Relations Remove constraint Publishing Institution: Council on Foreign Relations Publication Year within 3 Years Remove constraint Publication Year: within 3 Years
- Author: Brad W. Setser
- Publication Date: 07-2017
- Content Type: Commentary and Analysis
- Institution: Council on Foreign Relations
- Abstract: The global impact of oil’s fall from $100 plus to under $50 a barrel has not gotten as much attention as I think it deserves. For most oil exporters, it has been a profound shock—one that forced such a massive contraction in imports that it pulled down global trade (far more than the trade remedies that tend to dominate the ‘trade” news). A few countries adjusted quickly and relatively efficiently (Russia), though not painlessly. A few have struggled to adapt—notably, because of its large external debt, poor policies, and growing political crisis, Venezuela.
- Topic: Oil, Global Political Economy
- Political Geography: Global Focus