Energy policies of industrialized countries

The energy and economy scenarios between the end of World War II and the oil crisis of 1973 are critically evaluated. The profound changes produced by the oil crisis of 1973–1974 are noted. An examination is then made, in a historical and economic context, of the energy policies of the Western industrialized countries after 1973. This assessment examines not only the potentials of these policies in satisfying short-to medium-term energy requirements, but also their impact on the basic, longer-term development problems of industrialized and developing countries.