The world-system of oil. A theoretical and empirical sketch

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The world-system of oil. A theoretical and empirical sketch. / Zündorf, Ludwig.

In: Kölner Zeitschrift für Soziologie und Sozialpsychologie, Vol. 55, No. 3, 09.2003, p. 421-446.

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@article{40d12bcd2c6c4e74b2c0512b36939ad0,
title = "The world-system of oil.: A theoretical and empirical sketch",
abstract = "This is an attempt at formulating, on a theoretical and empirical basis, construction principles and patterns of change of the {"}world economy of oil{"}. This term refers to a loose and variable configuration of nation states, multinational corporations, the {"}Organization of Petroleum Exporting Countries{"} (OPEC) and a set of market regulations related to the production, distribution and consumption of oil on a worldwide scale. The main argument links together four interrelated and partially overlapping functional processes: (1) capitalism as a profit-oriented, innovative and expansive economic principle; (2) incorporation of the external oil deposits by the governments and corporations of the central industrial nations; (3) the emergence of countervailing power within the peripheral, oil-exporting countries in order to gain control over their oil resources and to change the unequal exchange relations with the capitalist centers; (4) change of the integration mode of the {"}world-economy of oil{"} based on a new balance of interests between centers and peripheries following severe economical and political crises. The analysis is concluded with a functional-cyclical model of the world economy of oil.",
keywords = "capitalism, market regulation, center, periphery, countervailing power, world economy of oil, Management studies, Sociology",
author = "Ludwig Z{\"u}ndorf",
year = "2003",
month = sep,
doi = "10.1007/s11577-003-0084-7",
language = "English",
volume = "55",
pages = "421--446",
journal = "Kolner Zeitschrift fur Soziologie und Sozialpsychologie",
issn = "0023-2653",
publisher = "Springer VS",
number = "3",

}

RIS

TY - JOUR

T1 - The world-system of oil.

T2 - A theoretical and empirical sketch

AU - Zündorf, Ludwig

PY - 2003/9

Y1 - 2003/9

N2 - This is an attempt at formulating, on a theoretical and empirical basis, construction principles and patterns of change of the "world economy of oil". This term refers to a loose and variable configuration of nation states, multinational corporations, the "Organization of Petroleum Exporting Countries" (OPEC) and a set of market regulations related to the production, distribution and consumption of oil on a worldwide scale. The main argument links together four interrelated and partially overlapping functional processes: (1) capitalism as a profit-oriented, innovative and expansive economic principle; (2) incorporation of the external oil deposits by the governments and corporations of the central industrial nations; (3) the emergence of countervailing power within the peripheral, oil-exporting countries in order to gain control over their oil resources and to change the unequal exchange relations with the capitalist centers; (4) change of the integration mode of the "world-economy of oil" based on a new balance of interests between centers and peripheries following severe economical and political crises. The analysis is concluded with a functional-cyclical model of the world economy of oil.

AB - This is an attempt at formulating, on a theoretical and empirical basis, construction principles and patterns of change of the "world economy of oil". This term refers to a loose and variable configuration of nation states, multinational corporations, the "Organization of Petroleum Exporting Countries" (OPEC) and a set of market regulations related to the production, distribution and consumption of oil on a worldwide scale. The main argument links together four interrelated and partially overlapping functional processes: (1) capitalism as a profit-oriented, innovative and expansive economic principle; (2) incorporation of the external oil deposits by the governments and corporations of the central industrial nations; (3) the emergence of countervailing power within the peripheral, oil-exporting countries in order to gain control over their oil resources and to change the unequal exchange relations with the capitalist centers; (4) change of the integration mode of the "world-economy of oil" based on a new balance of interests between centers and peripheries following severe economical and political crises. The analysis is concluded with a functional-cyclical model of the world economy of oil.

KW - capitalism

KW - market regulation

KW - center

KW - periphery

KW - countervailing power

KW - world economy of oil

KW - Management studies

KW - Sociology

UR - http://www.scopus.com/inward/record.url?scp=0141922708&partnerID=8YFLogxK

U2 - 10.1007/s11577-003-0084-7

DO - 10.1007/s11577-003-0084-7

M3 - Scientific review articles

VL - 55

SP - 421

EP - 446

JO - Kolner Zeitschrift fur Soziologie und Sozialpsychologie

JF - Kolner Zeitschrift fur Soziologie und Sozialpsychologie

SN - 0023-2653

IS - 3

ER -