Oil, Gas and Modernisation in Russia will focus on the political economy of hydrocarbons in Russia. Major themes will include: comparative perspectives of resource abundance and dependence; theories about “resource curse”, “rentier state” and their applicability to Russia; the political economy of resource rents in Russia; the politics of economic diversification in historical and comparative perspective; key institutional and structural challenges for economic policy-making in Putin’s Russia; the ‘social contract’ of a rent-based economy; the politics of nationalization and privatization and its role in a rent-based economy; the issue of property rights in the energy sector; informal channels for allocation of oil and gas rents; and Russia’s pathways for economic modernization. The module will also explore the institutional structure of decision-making in the Russian economy, the origins of ‘state’ capitalism in contemporary Russia, the role of competing regional, oligarchic and international interests, and implications for Russia’s integration in the global economy.
*Please note that module information is indicative and may change from year to year.
Two-hour lecture and seminar weekly (one term)
Module assessment - more information
- 1 x 1,500-word policy memorandum (30%);
- 1 x 3,000-word essay (55%);
- class participation (15%)