Open AccessThe state and the “rentier economy” in oil exporting countries
Author(s) -
Gurgen Levonovich Ghukasyan,
Гукасян Гурген Левонович
Publication year - 2019
Publication title -
vestnik rossijskogo universiteta družby narodov. seriâ gosudarstvennoe i municipalʹnoe upravlenie/vestnik rossijskogo universiteta družby narodov. seriâ: gosudarstvennoe i municipalʹnoe upravlenie
Language(s) - English
Resource type - Journals
eISSN - 2411-1228
pISSN - 2312-8313
DOI - 10.22363/2312-8313-2019-6-3-177-192
Subject(s) - latin americans , state (computer science) , revenue , economics , world economy , economic system , soviet union , economy , russian federation , economic policy , political science , accounting , algorithm , politics , computer science , law
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.