Russia's Oil and Natural Gas

Bonanza or Curse?

Edited by Michael Ellman

Publication date:

01 April 2006

Publisher

Anthem Press

Dimensions:

234x153mm
6x9"

ISBN-13: 9781843312178

This book is an edited collection, bringing together well-known specialists from Russia, Japan, Western Europe and the USA, providing data about the Russian hydrocarbons sector, its size, economic significance, and taxation. It also offers data about the growth of the Stabilization Fund. In addition, it analyses the role of the hydrocarbons sector in Russia’s post-1998 economic boom, drawing attention to the contribution of remittances to Russia of the proceeds of raw material exports. With respect to international political economy, 'Russia’s Oil and Natural Gas' points out that Russia today, with its large energy exports, helps solve the problem of domestic energy shortages which plague many countries. In this way, Russia is currently a major contributor to world stability and the welfare of the energy importers.

List of Tables and Figures; Preface; A. Overview: The Issues; 2. Energy and the Economy: An Introduction; B. Financial Flows: 3. Price Differences, Taxes and the Stabilization Fund; 4. Russia's Economic Contraction and Recovery 1992-2004: Compulsory Repatriation of Export Revenues and the Ambivalence of Liberalization; C. Economic Policy Issues: 5. Sustaining Growth in a Hydrocarbon-based Economy; 6. The Road to Spontaneour Diversification; Economic Growth and the Mobilization Model; 8. The Importance of Geography; D. Political Issues: 9. A Frozen Venezuela? The Resource Curse and Russian Politics; List of Contributors; Index

'Should be the recommended first read for anyone wishing to obtain knowledge and insights on the implications of the oil boom for Russia.' —John Litwack, Chief Economist for Russia, The World Bank