How to deal with Azerbaijan's oil boom? : policy strategies in a resource-rich transition economy / prepared by Christoph B. Rosenberg and Tapio O. Saavalainen
Following the disintegration of the Soviet Union, a substantial part of its vast oil and gas resources were left not only to Russia, but also to a few countries in the Caspian Sea region and in Central Asia: Azerbaijan, Kazakhstan, Turkmenistan, and Uzbekistan. These countries are now facing the challenge of managing the transition from plan to market as well as how to deal with their natural resources. In designing their policy strategies for the next decade, they need to avoid what has often been called the "Dutch Disease"--The negative effects of an inadequately managed natural resource boom. This paper identifies the economic risks associated with the utilization of natural resources in a transition economy and proposes a policy strategy to deal with them
Bibliography
Includes bibliographical references (pages 42-43)
Notes
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