The concerns related to the increase cost of petroleum in 1974 and 1975 centered around the enormous transfer of funds needed to pay for petroleum imports by most countries. Although this transfer is successfully taking place in the developed countries, it is taking place with serious long run external financial consequences for the less developed countries. In addition, these countries' continued agricultural development will probably depend on finding new paths to agricultural efficiency that are not as dependent on high-priced fuels.
Vellianitis-Fidas, Amalia, "The Demand and Supply of World Petroleum and its Consequences for Agricultural Economic Development" (1976). UMR-MEC Conference on Energy. 120.
3rd Annual UMR-MEC Conference on Energy (1976: Oct. 12-14, Rolla, MO)
Article - Conference proceedings
International Aspects of the Energy Question
© 1977 University of Missouri--Rolla, All rights reserved.
12 Oct 1976