ALTERNATIVE ENERGY AS A NEED FOR A NEW WORLD ORDER

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

Text Economic Vision 116-125.pdf Download (533kB)

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.

Item Type:	Article
Uncontrolled Keywords:	energy, coal, oil, gas, solar energy
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Unnamed user with email zshi@unite.edu.mk
Date Deposited:	21 Oct 2022 12:11
Last Modified:	21 Oct 2022 12:11
URI:	http://eprints.unite.edu.mk/id/eprint/1021

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