CONTEMPORARY DEVELOPMENT OF THE COMMODITY MARKETS – CONSEQUENCES AND CHALLENGES FOR THE REVITALIZATION OF THE WORLD ECONOMY

• Authors: Baláž Peter , Stanislav Zábojník
• Languages of publication: EN

Abstracts

EN

The paper analyses selected examples of the impact that the economic crisis has had on the development of commodity markets and global economy. The authors focus mainly on the segment of energy resources, in which crude oil and its condensates play a dominant role. It accentuates the highness of dependence between financial markets development (USD) and oil markets. This paper describes consequences of the energy markets development on strategic development plans of the EU. The revitalization of the global economy can be successful only if the result of coordinated strategic cooperation-oriented or even most affected national economies to international and supranational bodies, and without that they are not taken into account and target the interests of the various parts of the world economy.

Keywords

EN

COMMODITY MARKETS; ECONOMY CRISIS; ENERGY SECURITY; GLOBALIZATION; INDUSTRIAL POLICY; OIL MARKET; EU; EUROPEAN UNION

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2010
• Volume: 58
• Issue: 9
• Pages: 938 – 957

Contributors

author

Baláž Peter

• Ekonomická univerzita Bratislava, Fakulta obchodu, Katedra medzinárodného obchodu, Dolnozemská cesta 3, 852 35 Bratislava, Slovak Republic

author

Stanislav Zábojník