RUDN Journal of Public Administration (Dec 2019)

The state and the “rentier economy” in oil exporting countries

  • Gurgen Levonovich Ghukasyan

DOI
https://doi.org/10.22363/2312-8313-2019-6-3-177-192
Journal volume & issue
Vol. 6, no. 3
pp. 177 – 192

Abstract

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In the new foreign economic conditions that have arisen as a result of a significant deformation of the cyclical dynamics of the world oil market, the views on the model of the socalled rentier state and rentier economy that apply to oil exporting countries in Asia, Africa, Latin America, and also to the states of the post-Soviet space, including the Russian Federation, Kazakhstan, Azerbaijan and Turkmenistan, are of certain interest. For these states, in the face of declining oil export revenues, the question of changing the rentier model of development is relevant. At the same time, the recommendations of foreign authors are not acceptable in many aspects, but their analysis allows us to approach problems of overcoming the raw nature of the economy more comprehensively.

Keywords