Tag: petrostates

Written by lookingbeyondborders

Emerging-Market Petrostates Are About To Melt Down

The first hints that extremely low oil prices could plunge many petro-states into crisis came at the beginning of March, when the price of Ecuador’s sovereign bonds fell to record lows. Oil accounts for about a third of Ecuador’s export earnings and a similar portion of its public-sector revenue. Read Here – Foreign Affairs

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Written by lookingbeyondborders

Twilight Of The Petrostate

The new generation of the petrostates’ political elite has come to look on oil rent as a means to achieve all its goals. And yet, many experts will call the oil windfall a curse, not a blessing. A prosperity that is due to the sheer accident of owning large mineral resources rather than to technological […]

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