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Impact of the Energy Crisis on the Third World and the Prospects for Adjustment

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Reflections on a Troubled World Economy

Part of the book series: Trade Policy Research Centre ((TPRC))

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Abstract

This essay reviews the energy situation as well as future prospects of the developing countries. It then discusses the determinants of the development of energy demand in order to assess the scope for demand adjustment to rising fuel prices and resulting balance-of-payments problems. Finally, the possibilities for adjustment on the supply side are investigated with the emphasis being placed on the financing requirements and potential financing sources for investments in the energy sectors of these countries.

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Notes and References

  1. Jean-Romain Frisch, ‘Third World Energy Horizons 2000–2020: A Regional Approach to Consumption and Supply Sources’, paper presented at the 11th World Energy Conference, Munich, 8–12 September, 1980.

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  2. Lutz Hoffmann and Matthias Mors, Energy Demand in the Developing World: Estimation and Projection up to 1990 by Region and Country, World Bank Commodity Models, Vol. 1, World Bank Staff Commodity Working Paper No. 6 (Washington: World Bank, 1981).

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  3. Philip F. Palmedo et al., Energy Needs, Uses and Resources in Developing Countries (New York: Brookhaven National Laboratory, for the Agency for International Development, 1978), p. 53.

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  4. For the following data, see Joy Dunkerley, ‘Comparative Analysis of the Energy Sectors of Industrialized and Developing Countries’, Washington, 1979, mimeograph.

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  5. Joel Darmstadter, Joy Dunkerley and Jack Alterman, How Industrial Societies Use Energy: A Comparative Analysis (Baltimore and London: Johns Hopkins University Press, for Resources of the Future, 1977).

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  6. Hollis B. Chenery and Moises Syrquin, with the assistance of Hazel Elkington, Patterns of Development, 1950–1970 (London and New York: Oxford University Press, for the World Bank, 1975) ; Gerhard Fels, Klaus-Werner Schatz and Frank Wolter, ‘Der Zusammenhang zwischen Produktionsstruktur und Entwicklungsniveau : Versuch einer Strukturprognose für die westdeutsche Wirtschaft’, Weltwirtschaftliches Archiv, Kiel, No. 2, 1971;

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  7. And Simon Kuznets, Economic Growth of Nations: Total Output and Production Structure (Cambridge, Mass.: Belknap Press of Harvard University Press, 1971).

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  8. See, for example, Ernst R. Berndt and David O. Wood, ‘Engineering and Econometric Interpretation of Energy-Capital Complementarity’, The American Economic Review, Menasha, Wisconsin, No. 3, 1979, which is a considerably shortened version of Ernst R. Berndt and David O. Wood, Engineering and Econometric Approaches to Industrial Energy Conservation and Capital Formation : a Reconciliation, Massachusetts Institute of Technology Energy Laboratory Working Paper, No. MIT-EL 77-040WP, Cambridge, Mass., November 1977.

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  9. Hoffmann, ‘Energy Demand and its Determinants in Brazil’, in W. D. Cook and W. D. Kuhn (eds), Planning Processes in Developing Countries: Techniques and Achievements (Amsterdam: North-Holland, 1982).

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  10. Boem Jong Choe, Helen Hughes and Adrian Lambertini, ‘Energy Prospects for the Developing Countries’, World Bank, Washington, 1980, mimeograph.

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  11. Survey of Energy Resources 1980, prepared by the Federal Institute for Geosciences and Natural Resources of the Federal Republic of Germany for the 11th World Energy Conference in Munich, 8–12 September 1980 (London: World Energy Conference, 1980).

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  12. Efrain Friedmann, Ali Ezzati and Matthew J. Mitchell, ‘Energy Financing of Non-OPEC Developing Countries’, Washington, World Bank, 1980, mimeograph.

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  13. Elis Roth, ‘Criteria for Nuclear Electricity Generation in Developing Countries’, Hoover Institution on War, Revolution and Peace, Stanford, California, 1980, mimeograph.

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Authors
  1. Lutz Hoffmann
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Editor information

Editors and Affiliations

  1. University of New York, USA

    Fritz Machlup (Professor of Economics) (Professor of Economics)

  2. Institut für Weltwirtschaft, Kiel, Germany

    Gerhard Fels (Professor of Economics and Head of the Department of Structural Change and Economic Growth) (Professor of Economics and Head of the Department of Structural Change and Economic Growth)

  3. Institut für Weltwirtschaft, University of Kiel, Germany

    Hubertus Müller-Groeling (Head of the Editorial Department) (Head of the Editorial Department)

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© 1983 Trade Policy Research Centre

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Hoffmann, L. (1983). Impact of the Energy Crisis on the Third World and the Prospects for Adjustment. In: Machlup, F., Fels, G., Müller-Groeling, H. (eds) Reflections on a Troubled World Economy. Trade Policy Research Centre. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06892-0_15

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