The Political Economy of Russian Oil
David Stuart LaneISBN: 0847695093;
One of the dominant export-oriented industries in Russia, oil is a major source of tax revenue and wealth. The privatization of these vast assets has made the industry a site not only for conflict between power holders but also a strategic target for international corporations and Western governments. In this thoughtful analysis, a group of international specialists explores the political and economic issues and controversies surrounding the move to capitalism. The authors examine the spread of crime andcorruption, the role of Russian and Western financial institutions, regional tensions, and the international dimension. As a paradigm for the Russian economy as a whole, the case of the oil industry provides invaluable insights for understanding the political and economic problems confronting Russia today.
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