Paul Stevens, energy and development economist specialized in middle-east discusses the Super Cycle in the oil markets and the lessons that can be withdrawn in regard of the revenue investment policies. By 2014, after a decade of oil market booming, the prices collapsed due to the oversupply in the market. The countries whose economies were relying mostly on the revenues from oil and gas started to experience significant political and social difficulties. How can countries diversify their economies and reduce the dependency on oil and gas? What key investments are the most beneficial in the long term? 0:09 What is the Super Cycle? 1:00 Lessons from the Super Cycle 1:45 Investing revenues for the future More about the project: www.wider.unu.edu/extractives More about UNU-WIDER: www.wider.unu.edu

Be the first to comment