European University Institute Library

Foreign investments and political regimes, the oil sector in Azerbaijan, Russia, and Norway, Oksan Bayulgen

eng

index present

non fiction

Foreign investments and political regimes

electronic resource

dictionaries

615639116

Oksan Bayulgen

Cambridge Social Sciences eBooks

the oil sector in Azerbaijan, Russia, and Norway

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. These findings have deep implications for the link between democratization and globalization, but also how globalization may affect political, social, and economic development.--, Provided by publisher

Introduction -- Political risks in oil investments: a history of antagonistic interdependence between companies and host-governments -- With or without democracy?: the political economy of foreign direct investments -- Curse or blessing?: effects of FDI on development -- Azerbaijan: one-stop shopping -- Russia: two steps forward, one step back -- Norway: icon of stability -- Beyond three cases and oil -- Conclusion

Foreign Investment & Political Regimes