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oapen-20.500.12657-242612024-03-22T19:23:20Z Energy, Wealth and Governance in the Caucasus and Central Asia Auty, Richard de Soysa, Indra cca region resource poor countries growth collapse rent caspian sea thema EDItEUR::G Reference, Information and Interdisciplinary subjects::GT Interdisciplinary studies::GTM Regional / International studies thema EDItEUR::J Society and Social Sciences::JB Society and culture: general::JBS Social groups, communities and identities::JBSL Ethnic studies thema EDItEUR::J Society and Social Sciences::JP Politics and government Drawing upon recent progress in development economics and political science, the book provides fresh analysis of the Caucasus and Central Asia (CCA) countries transition to a market economy by tracing the impact of natural resource endowment. The book examines the synergies between energy-rich and energy-poor states and highlights the practical consequences of both well-managed and poorly-managed deployment of energy. Featuring contributions from prominent specialists on resource-driven economies, the book argues that unless CCA elites change the way in which they deploy natural resource, revenues regional development will fall short of its potential with possible disastrous consequences. The contributors apply the experience of the developing market economies to demonstrate that the region still holds considerable potential to become an important, stable supplier of raw materials and a source of industrial demand to the global economy. However, the CCA is equally likely to become a threat to the global economy as a consequence of the misuse of energy revenues to promote the interests of predatory political elites. 2019-11-21 14:13:03 2020-04-01T09:52:09Z 2020-04-01T09:52:09Z 2006 book 1005870 OCN: 1077457698 9780415372060;9780415405775;9781134194155;9781134194148;9781134194100 http://library.oapen.org/handle/20.500.12657/24261 eng Central Asia Research Forum application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International 1005870.pdf https://www.taylorfrancis.com/books/e/9781134194155 Taylor & Francis 10.4324/9780203099803 10.4324/9780203099803 7b3c7b10-5b1e-40b3-860e-c6dd5197f0bb 9780415372060;9780415405775;9781134194155;9781134194148;9781134194100 open access
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Drawing upon recent progress in development economics and political science, the book provides fresh analysis of the Caucasus and Central Asia (CCA) countries transition to a market economy by tracing the impact of natural resource endowment. The book examines the synergies between energy-rich and energy-poor states and highlights the practical consequences of both well-managed and poorly-managed deployment of energy. Featuring contributions from prominent specialists on resource-driven economies, the book argues that unless CCA elites change the way in which they deploy natural resource, revenues regional development will fall short of its potential with possible disastrous consequences. The contributors apply the experience of the developing market economies to demonstrate that the region still holds considerable potential to become an important, stable supplier of raw materials and a source of industrial demand to the global economy. However, the CCA is equally likely to become a threat to the global economy as a consequence of the misuse of energy revenues to promote the interests of predatory political elites.
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