Challenges of the Caspian Resource Boom

Domestic Elites and Policy-Making

Edited by Andreas Heinrich - Heiko Pleines

Edited by Andreas Heinrich, Heiko Pleines

Publisher: Palgrave Macmillan

Series: Euro-Asian Studies

List price: £ 70.00

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Format: Hardback

Publication date: 30 August 2012

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ISBN: 0230301193 ISBN 13: 9780230301191

Challenges of the Caspian Resource Boom

A re-conceptualisation of the widely-held concept of the 'resource curse', which contends that resource booms inevitably lead to numerous political, social and economic problems. This book counters that these problems are by no means inevitable, but are rather the direct result of specific policy choices made by actors within particular regimes. Top page

Complete description

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 ills are 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 choice of political elites to pursue regime survival and personal enrichment. In-depth case studies illustrate how political elites in 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. Top page

General info

Publisher & Imprint: Palgrave Macmillan

City: Basingstoke

Pages: 336

More info: height 222 mm width 141 mm weight 522 gr thickness 23 mm

Top page

Age recommended: College/higher education

Subject Indexing & Classification Dewey:(DC23) 338.958 Library of Congress Subject: HD Petroleum industry and trade - Caspian Sea Region

Departments: Political corruption; Political economy;

Record updated at: 14 May, 2013 time: 13:41

Summary Challenges of the Caspian Resource Boom Introduction; A.Heinrich PART I: THEORIES AND CONCEPTS The Rentier State; 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 Politics and 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 in the 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 Top page