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Decision makers of resource-rich countries often do not have the incentive to concentrate on institutional development and sustainable redistribution of energy revenues. Outlining how Norway has developed immunity from resource course, the author explores the parameters of effective resource management for Azerbaijan. Azerbaijan has substantial energy wealth while poverty is still very high. There are signs of a brewing problem. The author also raises the question of whether standard prescriptions, when applied to specific countries with resources, can indeed convert resource wealth into a blessing.


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Rana Izci
Rana Izci
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Foreword Following the violent dissolution of the former Yugoslavia in the 1990s, there had been a shared sense of hope for a more peaceful future for the European continent. Unfortunately, this comfortability disappeared after Russian President Vladimir Putin ordered his troops to march against the Ukrainian forces throughout the border on 24 February 2022. This marked a turning point not only for the...