Paasha Mahdavi

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Political Survival through Extractive Resource Nationalization

• Format: ePub

Produktbeschreibung

For rulers whose territories are blessed with extractive resources - such as petroleum, metals, and minerals that will power the clean energy transition - converting natural wealth into fiscal wealth is key. Squandering the opportunity to secure these revenues will guarantee short tenures, while capitalizing on windfalls and managing the resulting wealth will fortify the foundations of enduring rule. This book argues that leaders nationalize extractive resources to extend the duration of their power. By taking control of the means of production and establishing state-owned enterprises, leaders capture revenues that might otherwise flow to private firms, and use this increased capital to secure political support. Using a combination of case studies and cross-national statistical analysis with novel techniques, Mahdavi sketches the contours of a crucial political gamble: nationalize and reap immediate gains while risking future prosperity, or maintain private operations, thereby passing on revenue windfalls but securing long-term fiscal streams.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 2. April 2020
• Englisch
• ISBN-13: 9781108802253
• Artikelnr.: 60861778

Autorenporträt

Paasha Mahdavi is Assistant Professor of Political Science at the University of California, Santa Barbara. His research on energy governance and political economy has appeared in Comparative Political Studies, Nature Energy, and World Politics, among other journals, and has received media attention from The Financial Times, The Wall Street Journal, and The Washington Post. Mahdavi earned his M.S. in Statistics and his Ph.D. in Political Science from the University of California, Los Angeles. He has held fellowships at the Initiative for Sustainable Energy Policy, the Payne Institute, and the World Economic Forum, and currently serves as Term Member at the Council on Foreign Relations.

Inhaltsangabe

1. The puzzle of extractive resource nationalization
2. The theory of political survival through nationalization
3. Defining and measuring operational nationalization
4. Why nationalize? Evidence from national oil companies around the world
5. NOCs, oil revenues, and leadership survival
6. The dynamics of nationalization in Pahlavi Iran
7. Conclusion: the implications of nationalization.