The Squeeze is marketed as a “groundbreaking new study of the entire industry”; a tall order, given the size of the world’s largest industry. Happily, it is accurate advertising, as Bower introduces us to an astonishing number of different aspects of the industry, and manages somehow to have an insiders’ perspective on each. The style more »
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There is endless theorising around the 'resource curse' from a birds-eye perspective, from creeping inflation rates to weak institutions and grand corruption. But on the ground in an oil-dominated society like Azerbaijan the phenomenon of 'rent-seeking' can lead also to a deeply embedded rentier culture visible on the level of everyday interactions. The emergence of competitive rent-seeking, a symptom of oil booms whereby different groups snatch at the excess petro-dollars washing around with little thought to broader benefits for society, happens not only at the level of the political elite but also has a more everyday face.