Does Declining Oil Revenue Equal Less Security for Azerbaijan?

Does Declining Oil Revenue Equal Less Security for Azerbaijan? Declining oil revenues and a changing energy marketplace are placing Azerbaijan’s social and economic development under strain. Worse still, observes Eric Eissler, the lost income might curtail the country’s defense spending at a time when Baku needs it most. By Eric Eissler for ISN ________________________________________ To say that Azerbaijan lives in a unique but troubled... Read More

Oil boom and resource curse

Oil boom and resource curse European Stability Initiative (ESI) has recently produced “Oil boom and resource curse” research report where CESD reports extensively used. The report addressed certain economic issues particularly developments and problems in oil sector, mainly how oil money spent in Azerbaijan. The full report is available here.    Read More