Titlebook: Economics of the Caspian Oil and Gas Wealth; Companies, Governmen Yelena Kalyuzhnova Book 2008 Palgrave Macmillan, a division of Macmillan

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The Theatre of the Suffragettes,nergy production and spending of the resultant wealth, which we discussed in Chapter 6. In any case, policy-makers should ensure, through continual strategic review, that these interventions dovetail efficiently and steer private sector activity along routes consistent with the country’s long-run development policy.

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Economic Development and Resource Dependenceview of the economic setting to give a regional context for our economic analysis of companies-governments relations. We pay special attention to developmental differences and the role of hydrocarbons in their economies, as well as political-economy challenges with which the governments are currentl

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The Management of Hydrocarbon Wealth: National Oil Fundsthey can thus greatly complicate economic management. In the Caspian region, the starting assumption must be that resource endowment is potentially a ‘blessing’ that can help overcome transition disruptions. But the lesson of experience elsewhere is that fulfilling this promise — and avoiding the ri

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Major Oil and Gas Projectszerbaijan was the world’s largest oil producer (McKay, 1984). Around 320 companies were involved in the Russian oil industry before World War I.. That war, however, shook the relatively well-developed Russian oil industry to its foundations. By the end of the tsarist era, Baku had become a point of

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