Energy, Wealth and Governance in the Caucasus and Central Asia
Lessons Not Learned
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Energy, Wealth and Governance in the Caucasus and Central Asia by Richard Auty
Book DescriptionDrawing 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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Book DetailsISBN: 9780415405775
(234mm x 156mm x 16mm)
Publisher: Taylor & Francis Ltd
Publish Date: 6-Apr-2006
Country of Publication: United Kingdom
Books By Author Richard Auty
Sustaining Development in Mineral Economies, Hardback (April 1993)» View all books by Richard Auty
This study highlights the drawbacks of possessing natural mineral resources. It argues that these can quickly become a curse on the ore-exporting economies of developing countries leading to drainage of resources and the faltering of long term growth.
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Author Biography - Richard Auty
Richard Auty is Professor of Economic Geography at Lancaster University, UK. Indra de Soysa is Associate Professor of Political Science at the Norwegian University of Science and Technology.
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