Foreign investment and political regimes : the oil sector in Azerbaijan, Russia and Norway / Oksan Bayulgen
Material type:
TextPublication details: Cambridge : Cambridge University Press, 2010Description: xiii, 274 p. 24 cmISBN: - 9780521425889
- 338.272820947 BAY
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Calcutta | 338.272820947 BAY (Browse shelf(Opens below)) | Available | IIMC-130042 |
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| 338.27282094 BAC Demand, prices and the refining industry : | 338.272820941 JON The State and the emergence of the British oil industry / | 338.272820941 MAC The Political economy of North Sea Oil / | 338.272820947 BAY Foreign investment and political regimes : | 338.272820951 ZHA Catch-up and competitiveness in China : | 338.2728209535 ALO Petroleum and the economy of the United Arab Emirates / | 338.272820954 MEH India and the world oil crisis / |
Drawing on three in-depth case studies of oil-rich countries and statistical analyses of 132 countries over three decades, Bayulgen demonstrates that the link between democratization and FDI is nonlinear. Both authoritarian regimes and consolidated democracies have institutional capabilities that, though different, are attractive to foreign investors. Democracies can provide long-term stability, and authoritarian regimes can offer considerable flexibility. The regimes that have started on the road to democracy, but have not yet completed it, tend to have political institutions that provide neither flexibility nor stability. These hybrid regimes, then, also find it relatively more difficult to construct a policy environment that is attractive to foreign investments.
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