Subject: HB Economic Theory
Year: 2022
Type: Article
Type: PeerReviewed
Title: ALTERNATIVE ENERGY AS A NEED FOR A NEW WORLD ORDER
Author: Zhaku, Sali
Author: Oda, Arben
Author: Iseni, Fekri
Author: Murati, Sheherzada
Abstract: The distribution of natural resources plays an important role in the formation and development of international economic activities. Energy sources are unevenly distributed on the globe. The most important energy potentials are geological resources (natural resources located in the Earth's crust). Today, energy represents the blood flow of the modern economy and it’s the most important product in the international economy, where modern production and transportation cannot be imagined without it. After transformation from wood to coal and then to oil and gas, the future will transform the third major transformation from oil and gas to alternative energy. The unequal distribution of energy potentials on the globe created the dependence of the economies of many countries of the world from the spaces which possess energy potentials (oil and natural gas). This phenomenon of dependence of economies and of economies of powerful Europe came to the surface during the current conflict between Russia and Ukraine, where gas and Russian oil are the energy sources that have created dependency in all Western Europe's economies. Utilization of alternative energy potentials which are numerous, solar and wind energy would be the solution of the problem for the missing amount of energy for many countries of the world.
Publisher: Faculty of Economics and Faculty of Business Administration, University of Tetova
Relation: https://eprints.unite.edu.mk/1021/
Identifier: oai:eprints.unite.edu.mk:1021
Identifier: https://eprints.unite.edu.mk/1021/1/Economic%20Vision%20116-125.pdfIdentifier: Zhaku, Sali and Oda, Arben and Iseni, Fekri and Murati, Sheherzada (2022) ALTERNATIVE ENERGY AS A NEED FOR A NEW WORLD ORDER. International Scientific Journal in Economics, Finance, Business, Marketing, Management and Tourism, 9 (17-18). pp. 116-125. ISSN 2545-4544
