A political economy of low oil prices in Algeria

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Series Details No. 40,2016 (19/10/2016)
Publication Date 19/10/2016
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The Elcano Royal Institute is a think-tank for international and strategic studies that analyses world events and trends from a Spanish, European and global perspective.

The Elcano Royal Institute's Expert Comments are 1,000- to 1,500 word pieces produced by the Elcano Royal Institute's analysts as an immediate response to international events relevant to Spain.
The Algerian economy is being seriously affected by the collapse of oil and gas prices at a time of worsening security conditions in the Southern European neighbourhood. This has raised doubts about the country’s ability to weather the shock in the economic, political and security domains, evoking the catastrophic events it experienced during the 1986-1988 crisis and its aftermath. A new paper on The Impact of Low Oil Prices on Algeria, published by the Center on Global Energy Policy, addresses three particular and interlinked issues: (1) whether low oil prices might have similar economic and political effects as in the mid-1980s, when they contributed to the unfolding of a bloody civil war; (2) to what extent can low oil prices foster economic and political reforms; and (3) what are the international implications for the Western Mediterranean and for EU policies towards Algeria.

Source Link http://www.realinstitutoelcano.org/wps/portal/rielcano_en/contenido?WCM_GLOBAL_CONTEXT=/elcano/elcano_in/zonas_in/commentary-escribano-political-economy-low-oil-prices-algeria
Related Links
EU, Algeria take step towards closer energy cooperation http://www.europeansources.info/record/eu-algeria-take-step-towards-closer-energy-cooperation/

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