Oil is not a curse: Ownership structure and institutions in soviet successor states



© Pauline Jones Luong and Erika Weinthal 2010. This book makes two central claims: first, that mineral-rich states are cursed not by their wealth but, rather, by the ownership structure they chose 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.

Full Text

Duke Authors

Cited Authors

  • Luong, PJ; Weinthal, E

Published Date

  • January 1, 2010

Start / End Page

  • 1 - 425

International Standard Book Number 13 (ISBN-13)

  • 9780521765770

Digital Object Identifier (DOI)

  • 10.1017/CBO9780511779435

Citation Source

  • Scopus