Analysts have likened the growing direct state role in Kazakhstan’s petroleum sector since 2002 to a form of resource nationalism that is part of a global trend precipitated by high oil prices. This interpretation has obvious appeal, both in light of earlier periods in which waves of nationalization coincided with oil price booms and the recent so-called re-nationalizations in Bolivia, Venezuela, and elsewhere. However, it is misguided for two reasons. […]
Memo #:
98
Series:
2
PDF:
PDF URL:
http://www.gwu.edu/~ieresgwu/assets/docs/pepm_098.pdf
