Steering Through the Storm: Azerbaijan’s Journey Towards Promoting Non-Oil Sectors and Diversification Efforts in the Face of Global Crises and the COVID-19 Pandemic
(2023) STVK12 20231Department of Political Science
- Abstract
- In the interconnected landscape of today's global economy, some nations' fortunes are closely tied to their natural resources and their effective management. This is particularly true for countries like Azerbaijan, blessed with abundant oil reserves. While these resources catalyze growth, they also expose vulnerabilities as the nation's economy fluctuates with the tides of the global oil market. However, the COVID-19 pandemic, causing severe disruptions worldwide, has necessitated a reevaluation of the sustainability of such single-commodity economies. Hence, a comprehensive understanding of the pandemic's implications and the historical context of Azerbaijan's economic dependency on oil presents an imperative starting for our analysis. By... (More)
- In the interconnected landscape of today's global economy, some nations' fortunes are closely tied to their natural resources and their effective management. This is particularly true for countries like Azerbaijan, blessed with abundant oil reserves. While these resources catalyze growth, they also expose vulnerabilities as the nation's economy fluctuates with the tides of the global oil market. However, the COVID-19 pandemic, causing severe disruptions worldwide, has necessitated a reevaluation of the sustainability of such single-commodity economies. Hence, a comprehensive understanding of the pandemic's implications and the historical context of Azerbaijan's economic dependency on oil presents an imperative starting for our analysis. By studying critical periods to understand the government’s strategies in reducing its dependency and its efforts towards economic sustainability and diversification, focusing on non-oil sectors. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9142575
- author
- Hansson, Henrik LU
- supervisor
- organization
- course
- STVK12 20231
- year
- 2023
- type
- M2 - Bachelor Degree
- subject
- keywords
- oil dependency, economic diversification, non-oil sector, natural resource management, resource curse, dutch disease, sustainable development, Azerbaijan
- language
- English
- id
- 9142575
- date added to LUP
- 2024-08-07 14:38:45
- date last changed
- 2024-08-07 14:38:45
@misc{9142575, abstract = {{In the interconnected landscape of today's global economy, some nations' fortunes are closely tied to their natural resources and their effective management. This is particularly true for countries like Azerbaijan, blessed with abundant oil reserves. While these resources catalyze growth, they also expose vulnerabilities as the nation's economy fluctuates with the tides of the global oil market. However, the COVID-19 pandemic, causing severe disruptions worldwide, has necessitated a reevaluation of the sustainability of such single-commodity economies. Hence, a comprehensive understanding of the pandemic's implications and the historical context of Azerbaijan's economic dependency on oil presents an imperative starting for our analysis. By studying critical periods to understand the government’s strategies in reducing its dependency and its efforts towards economic sustainability and diversification, focusing on non-oil sectors.}}, author = {{Hansson, Henrik}}, language = {{eng}}, note = {{Student Paper}}, title = {{Steering Through the Storm: Azerbaijan’s Journey Towards Promoting Non-Oil Sectors and Diversification Efforts in the Face of Global Crises and the COVID-19 Pandemic}}, year = {{2023}}, }