POLITICAL ECONOMY OF OIL AND FORMATION OF AN OIL STATE IN - PowerPoint PPT Presentation

Feb 11, 2023 •534 likes •662 views

POLITICAL ECONOMY OF OIL AND FORMATION OF AN OIL STATE IN AZERBAIJAN PhD PROJECT Hafiz Aliyev OIL STATE Economically RENTIER Politically AUTHORITARIAN OR SEMI-AUTHORITARIAN OIL STATE RENTIER: Economic gains

POLITICAL ECONOMY OF OIL AND FORMATION OF AN OIL STATE IN AZERBAIJAN PhD PROJECT Hafiz Aliyev
“OIL STATE” ♦ Economically – RENTIER ♦ Politically – AUTHORITARIAN OR SEMI-AUTHORITARIAN
“OIL STATE” ♦ RENTIER: Economic gains from export of a natural resource (in our case, oil) constitute the most substantial part of the revenues of the state. ♦ AUTHORITARIAN: Lack of participatory democracy and political pluralism, & exercise of coercive power of the state on other political and social forces.
THE LINK BETWEEN AUTHORITARIAN POLITICAL STRUCTURE AND RENTIER ECONOMY Why are we concerned about it? => =>Empirical evidences: - Kuwait, S.Arabia, UAE, Bahrain, etc.; - Nigeria, Iraq, Algeria, etc.
Why does it happen in the case of OIL, not other resources? Characteristics of oil as a commodity: • Non-price elastic product; • Different from other sources of wealth (for example, diamonds, gold, narcotics, etc…). • Strategic product, i.e: - Not only economic gain; - But also political influence.
So, IS AZERBAIJAN A FORTHCOMING OIL STATE? - Primary Analysis: economic and political trends since independence (1991). - Secondary Analysis: Importance of oil in pre-Soviet independence (2 years) and Soviet periods – in order to find whether there are historical roots of this phenomenon in Aze.
ELEMENTS/FACTORS TO WATCH IN THE FIELD OF ECONOMY: ♦ Economic significance of oil revenues (percentage of GDP); ♦ Legal and practical control over oil revenues => Oil Fund? ♦ Liberal economic structure; ♦ Existence/lack of independent business elite.
ELEMENTS/FACTORS TO WATCH IN THE FIELD OF POLITICS: ♦ Political structure (clan, kinship, & regional affiliation, separation of powers, etc); ♦ Democracy & political pluralism; ♦ Existence/lack of strong pol. opposition; ♦ Degree of social consent and political coercion; ♦ Civil control over pol. & econ. issues.
Link between rentier economy and political authoritarianism ♦ Link between power relationships and production/economic relationships ♦ Link between political and economic factors: - political effects of economic variables; - economic effects of political variables.
PRELIMINARY FINDINGS ♦ Some evidences in the field of politics and economy; ♦ Expected rise in oil revenues from the export of major oil: -- Norway or Nigeria? -- Kuwait/S.Arabia or Iraq/Algeria?
POLICY RECOMMENDATIONS ♦ What to do? • Political sphere • Economic sphere • External factors
Thank you for your attention!

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