By Y. Kalyuzhnova

ISBN-10: 0230227554

ISBN-13: 9780230227552

ISBN-10: 1403987572

ISBN-13: 9781403987570

This booklet explores the financial demanding situations fascinated with coping with hydrocarbon wealth in the Caspian zone, and appears at how to design an optimal power coverage. The ebook draws on the Author?s event in facing the governments of the area, and her knowledge of the role of significant businesses within the quarter.

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Extra resources for Economics of the Caspian Oil and Gas Wealth: Companies, Governments, Policies (Euro-Asian Studies)

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A questionnaire was then administered to the individuals selected in this way. The questionnaire asked questions relating to the individual’s characteristics – type of work, ethnicity, marital status, education levels etc. Most of the questions were ‘closed’ questions in which individuals were given options between which they could choose. However, there were a number of open-ended questions that were useful for individuals to make more nuanced responses. 7 per cent of respondents think that reforms did help the country and only 9 per cent are deny their positive impact.

The rationale here is two-fold: a more diversified economic structure is desirable because it will secure the economic stability of the country and its economic growth. In addition, it will reduce corruption and rent-seeking behaviour directed towards the resource sector, providing a more complex structure of the economic functioning of the country as well as more opportunities for the population to engage in business. A pattern of development based on a broader range of sectors should also help achieve greater regional development and spread the benefits of economic growth more widely among the population.

G. banking and real estate which are attracting capable labour forces). The only comfort is that the mineral sector is not labour intensive and can absorb only a certain level of the labour force. In resource-rich economies, the link between the share of natural resources in exports is associated with potential corruption. The latter makes economic growth slower in the long term (Larsson, 2006; Mauro, 1995). , 2006). Therefore, in order to prevent corruption, corruption-resilient structure/institutions are required.

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