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  3. Oil Is Not a Curse
  • Cited by 185
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    • Publisher:
      Cambridge University Press
      Publication date:
      June 2012
      August 2010
      ISBN:
      9780511779435
      9780521765770
      9780521148085
      DOI:
      https://doi.org/10.1017/CBO9780511779435
      Dimensions:
      (234 x 156 mm)
      Weight & Pages:
      0.74kg, 446 Pages
      Dimensions:
      (234 x 156 mm)
      Weight & Pages:
      0.61kg, 446 Pages
      • Series:
      Cambridge Studies in Comparative Politics
      Subjects:
      Politics and International Relations, Comparative Politics
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    Series:
    Cambridge Studies in Comparative Politics
    Subjects:
    Politics and International Relations, Comparative Politics
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    Book description

    This book makes two central claims: first, that mineral-rich states are cursed not by their wealth but, rather, by the ownership structure they choose to manage their mineral wealth and second, that weak institutions are not inevitable in mineral-rich states. Each represents a significant departure from the conventional resource curse literature, which has treated ownership structure as a constant across time and space and has presumed that mineral-rich countries are incapable of either building or sustaining strong institutions - particularly fiscal regimes. The experience of the five petroleum-rich Soviet successor states (Azerbaijan, Kazakhstan, the Russian Federation, Turkmenistan, and Uzbekistan) provides a clear challenge to both of these assumptions. Their respective developmental trajectories since independence demonstrate not only that ownership structure can vary even across countries that share the same institutional legacy but also that this variation helps to explain the divergence in their subsequent fiscal regimes.

    Reviews

    'The author's concluding chapter makes a reasonably, if not overwhelmingly persuasive case about why the resource curse hypothesis is a myth.'

    Gaurav Sharma Source: oilholicssynonymous.com

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