171. Is Russia Cursed by Oil?
- Author:
- Daniel Treisman
- Publication Date:
- 06-2010
- Content Type:
- Journal Article
- Journal:
- Journal of International Affairs
- Institution:
- School of International and Public Affairs, Columbia University
- Abstract:
- Russia is often thought to be a classic case of the resource curse—the idea that natural resource wealth tends to impair democratic development.1 Some see the country as doomed to authoritarian politics by its enormous endowments of oil and gas. “Russia's future will be defined as much by the geology of its subsoil as by the ideology of its leaders,” writes Moisés Naím, editor-in-chief of Foreign Policy magazine and former trade and industry minister of petroleum-rich Venezuela. “A lot of oil combined with weak public institutions produces poverty, inequality, and corruption. It also undermines democracy.” New York Times columnist Thomas Friedman sees a close relationship between world commodity prices and the extent of liberty in resource-rich states: a higher oil price means less freedom. Friedman suggests that Russia, from Gorbachev to Putin, fits this relationship perfectly.
- Topic:
- International Relations and Debt
- Political Geography:
- Russia and New York