Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

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

Hansson, Henrik LU (2023) STVK12 20231
Department 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:
author
Hansson, Henrik LU
supervisor
organization
course
STVK12 20231
year
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}},
}