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

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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.

About the authors

Gurgen Levonovich Ghukasyan

The Institute of Oriental Studies of the Russian Academy of Sciences; Peoples' Friendship University of Russia (RUDN University)

Author for correspondence.

Phd in Economics, Senior Researcher of Institute of Oriental Studies of the Russian Academy of Sciences, associate professor of the Department of State and Municipal Management, Faculty of Humanitarian and Social Sciences, Peoples’ Friendship University of Russia (RUDN university).

Ulitsa Rozhdestvenka str., 12, Moscow, Russian federation 107031; Miklukho-Maklaya str., 6, Moscow, Russian Federation 117198


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Copyright (c) 2019 Ghukasyan G.L.

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