One of the dominant export-oriented industries in Russia, oil is a major source of tax revenue and wealth. The privatization of these vast assets has made the industry a site not only for conflict between power holders but also a strategic target for international corporations and Western governments. In this thoughtful analysis, a group of international specialists explores the political and economic issues and controversies surrounding the oil industry's move to capitalism. The authors examine the spread of crime and corruption, the role of Russian and Western financial institutions, regional tensions, and the international dimension. As a paradigm for the Russian economy as a whole, the case of oil industry provides invaluable insights for understanding the political and economic problems confronting Russia today.
This revealing volume offers considerable insight from the perspective of the oil industry. . . . Well worth reading by all who might seek to understand the reasons behind the underperformance of the Russian economy and society during the 1990s.--Slavic Review
Series: Russia & the Former Republics S.
Number Of Pages: 240
Published: 28th November 1999
Country of Publication: US
Dimensions (cm): 22.86 x 14.86 x 1.32
Weight (kg): 0.28