Challenges of the Caspian resource boom: domestic elites and policy-making

Oil booms are often described as causing more problems than they solve, bringing wealth to the privileged few while visiting corrupt practices, social inequity and even civil war upon the general population. The recurrence of this scenario gave rise to the 'resource curse' theory, which asserts that these illsare the logical conclusion of resource booms. This volume counters that the true cause for the failure of oil and gas booms to promote socio-economic development is the conscious choices of political elites to pursue regime survival and personal enrichment. In-depth case studies illustrate how political elitesin Azerbaijan, Kazakhstan and Turkmenistan have responded to the resource challenges related to ownership rights, foreign direct investment, corruption, oil revenue management and socio-economic development. In their contributions, leading academic experts provide ample evidence that these elites bear responsibility for shaping the largely negative outcomes of the Caspian resource booms.. INDICE: Introduction; A.Heinrich.PART I: THEORIES AND CONCEPTS.The RentierState; T.Richter.The 'Slippery Slopes' Theory; I.Overland.Neopatrimonialism: Concept or Metaphor? .G.Erdmann.Patron-Client Relations; A.Heinemann-Gruder.PART II: PATTERNS OF ELITE INTERACTION AND POLICY-MAKING IN THE ENERGY SECTOR.Political Elites in Kazakhstan; T.Umbetalieva. & .D.Satpaev.Kinship and the State in Kazakhstan's Political Economy; E.Schatz.The Role of the Oil Elite in Policy-Making in Kazakhstan; J.Kusznir.Political Elites in Azerbaijan; F.Guliyev.The Role of the Oil Elite in Policy-Making in Azerbaijan.; H.Meissner.Politicsand the Energy Sector in Turkmenistan; M.Denison.PART III: REGULATION OF PROPERTY RIGHTS AND INVESTMENT.Foreign Direct Investors and National Politics; B.Brauer.Regulating Property and Exploitation Rights of Natural Resources; C.Nygaard.National Oil Companies and the State; H.Kjaernet.The Role of Corruption inthe Governance of the Oil and Gas Industry; H.Pleines.PART IV: SPENDING THE PETRO DOLLARS.The National Fund of the Republic of Kazakhstan; Y.Kalyuzhnova.Managing the State Oil Fund in Azerbaijan; K.Aslanli.Providing Welfare in post-Soviet Rentier States; A.Franke.Conclusion; A.Heinrich. & .H.Pleines.

• ISBN: 978-0-230-30119-1
• Editorial: Palgrave Macmillan
• Encuadernacion: Cartoné
• Páginas: 272
• Fecha Publicación: 17/08/2012
• Nº Volúmenes: 1
• Idioma: Desconocido