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THE OIL MARKET - THE IMPORTANT PHENOMENA OF THE GLOBALISATION OF THR WORLD ECONOMY ?

100%
Baláž P., Londarev A.
Ekonomický časopis (Journal of Economics)
|
2005
|
vol. 53
|
issue 9
861-879
EN
This study is devoted to analysis of different aspects of world oil market development and its role in growth of national economies. This study shows individual aspects and parts of oil market, be it production and consumption of crude oil and its territorial dislocation. It analyses the connections with the growth of competition ability of companies and the establishment of crude oil price and to the most important aspects on which it depends . The study comes to a conclusion that the biggest obstacle in using the crude oil will not be its availability, at least in the short run, but the ever fast increasing price. This high price will enable its use only by such subjects that will be able to implement the oil in the production process with high efficiency. Such conditions satisfy only products and services that are based on unique technical and scientific know-how, with high added value, etc..
2

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

84%
Baláž P., Zábojník S.
Ekonomický časopis (Journal of Economics)
|
2010
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vol. 58
|
issue 9
938 – 957
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.
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