Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/84743 
Year of Publication: 
2004
Series/Report no.: 
ZEF Discussion Papers on Development Policy No. 81
Publisher: 
University of Bonn, Center for Development Research (ZEF), Bonn
Abstract: 
This paper analyses the reform progress made in the energy-rich states of the Commonwealth of Independent States (CIS), Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan (AKTU for short) and contrasts their development to that in the resource-poor countries at the CIS periphery. The main argument of the paper is that far from being a blessing that would have allowed energy-rich countries to cushion the impact of reforms and thus make faster progress, energy rents have often been wasted or appropriated by the ruling elites. Progress in key structural reforms has in some cases lagged even behind other CIS countries and significant policy challenges need to be addressed if natural resource wealth is not to turn into a curse for the region.
Subjects: 
Political Economy
Resource /Energy Economics and Policy
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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