Analyzing the Recent Surge in Global Energy Prices and Its Far-Reaching Implications for Economies Worldwide
Context & Background The global energy landscape has undergone significant transformations over the past few decades. Post-World War II, the establishment of the Bretton Woods system and the subsequent oil crises of the 1970s played pivotal roles in shaping international energy policies. Countries heavily reliant on oil faced economic downturns when prices skyrocketed due to…