Middle East Economic Survey


No 26


ADB Assesses Impact Of High Oil Prices On Asian Economies Through 2005

Asian economies remain particularly vulnerable to an oil shock due to the regions high dependence on oil imports, according to a research note issued in June by the Economic Research Department of the Asian Development Bank (ADB). In the paper Higher Oil Prices: Asian Perspectives and Implications for 2004-2005, economist Cyn-Young Park assesses the impact of high oil...