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Man is the only animal that trips twice over the same stone. Jean Monnet/Robert Schuman Paper Series Vol. 11, No. 3, June 2011

Lorca-Susino, Maria (2011) Man is the only animal that trips twice over the same stone. Jean Monnet/Robert Schuman Paper Series Vol. 11, No. 3, June 2011. [Policy Paper]

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    Abstract

    Introduction. Since mid-2009 the world has been experiencing a feeble economic recovery that has been halted by an increase in oil prices which have negatively affected the recovery. History has taught us that the world has developed thanks to major industrial revolutions which have foster economic growth. The first industrial revolution took place in the 19th century when engineers started using refined coal which helped the first step of industrialization. The second major economic revolution came in the 20th century when the world moved forward due to the development of the petroleum industry with fuel oil and gasoline as a source of energy. The world’s industrial performance and economic growth in the 21st century is still stuck on fuel oil and gasoline a limited resource which has become a source of political and economic instability.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > energy policy
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    EU policies and themes > EU institutions & developments > institutional development/policy > historical development of EC (pre-1986)
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > University of Miami, Florida-EU Center of Excellence > Jean Monnet/Robert Schuman Paper Series
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 13 Sep 2011 12:35
    Number of Pages: 11
    Last Modified: 13 Sep 2011 12:35
    URI: http://aei.pitt.edu/id/eprint/32336

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