Economic and Social Transformations in the Caspian ‘Rentier States’
Economic and Social Transformations in the Caspian ‘Rentier States’

Summary/Abstract: Th e article raises the issue of various challenges and conditions relatedto the economic and social transformation of post-Soviet countries in the Caspian region.Eff ective economic transformation was limited by signifi cant dependence on Russia in thisrespect and the lack of regional cooperation. In recent years, the newly established countriesof the region have largely focused on exporting energy raw materials. All countries in the Caspianregion are examples of the “paradox of wealth” phenomenon related to energy nationalism.Countries producing fossil fuels control the energy industry, which enables them to pursuespecifi c political and social goals.

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