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Cambridge Studies in Comparative Politics : Oil Is Not a Curse: Ownership Structure and Institutions in Soviet Successor States - Luong Pauline  Jones

Cambridge Studies in Comparative Politics

Oil Is Not a Curse: Ownership Structure and Institutions in Soviet Successor States

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Published: 23rd August 2010
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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.

'The author's concluding chapter makes a reasonably, if not overwhelmingly persuasive case about why the resource curse hypothesis is a myth.' Gaurav Sharma, oilholicssynonymous.com
"Do oil booms inevitably lead countries down a path of rentierism, authoritarianism, and laggard economic growth? Read this fascinating book about the Soviet successor states and find out why the effects of oil vary based on who owns it-the state, or the private sector." -Stephen Haber, Stanford University
"Pauline Jones Luong and Erika Weinthal have made a valuable contribution to the resource curse literature. Their book's focus on the significance of ownership structure in determining whether resource abundance is a boon or a curse is novel, well-argued and supported empirically by a nice natural experiment. In addition, the book provides an accessible review of the oil and gas sector in the energy-rich Soviet successor states over the two decades since independence." -Richard Pomfret, University of Adelaide; Johns Hopkins University Bologna Center
"A fundamental premise of political economy is that the consequences of factor endowments for policy and prosperity are conditional on the nature of the political equilibrium in society. Using parsimonious theory, case studies, and econometric tests, this book brilliantly uses this perspective to demolish the confusions of the resource curse literature, showing how politics shapes the ownership structure of the oil sector which in turn determines the impact of oil." -James Robinson, Harvard University

List of Tablesp. xi
List of Figuresp. xii
List of Mapsp. xiii
Rethinking the Resource Curse: Ownership Structure and Institutions in Mineral-Rich Statesp. 1
Why Fiscal Regimes: Taxation and Expenditure in Mineral-Rich Statesp. 31
State Ownership with Control versus Private Domestic Ownershipp. 45
Two Versions of Rentierism: State Ownership with Control in Turkmenistan and Uzbekistanp. 77
Petroleum Rents without Rentierism: Domestic Private Ownership in the Russian Federationp. 121
State Ownership without Control versus Private Foreign Ownershipp. 181
Eluding the Obsolescing Bargain: State Ownership without Control in Azerbaijanp. 219
Revisiting the Obsolescing Bargain: Foreign Private Ownership in Kazakhstanp. 259
Taking Domestic Politics Seriously: Explaining the Structure of Ownership over Mineral Resourcesp. 299
The Myth of the Resource Cursep. 322
List of Authors' Interviewsp. 337
Variation in Ownership Structure in Developing Countriesp. 345
Responses to Select Life in Transition Survey (LiTS) Questions by Age Groupp. 351
Ranking Basis for Determining which Countries are Included in Our Databasep. 357
Works Citedp. 361
Indexp. 399
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780521148085
ISBN-10: 0521148081
Series: Cambridge Studies in Comparative Politics
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 446
Published: 23rd August 2010
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 23.4 x 15.6  x 2.5
Weight (kg): 0.61
Edition Number: 1