Social consequences of the oil price shock in the resource rich post-soviet countries (CESD)

This study seeks to determine the impact the fall in global oil prices post-2014 had on the welfare of the populations of three resource-rich post-Soviet states: Russia, Kazakhstan, and Azerbaijan. Changes in welfare will be explored through the analysis of several socio-economic indicators affected by the local currencies’ devaluations. It will be suggested that the single-commodity export dependence of the countries concerned, and the domestic development of non-tradeable sectors faltered in the face of external shocks. Several policy suggestions are offered to mitigate the effects of the economic downturns observed.

http://cesd.az/new/wp-content/uploads/2020/05/CESD_Social_Cost_Paper.pdf

 

What COVID tells us about the politics of the former Soviet Union (IISS)

The onset of COVID-19 thwarted grand plans to celebrate Victory Day in Russia and other post-Soviet states. Their varying approaches to this dilemma reveal a great deal about regime priorities, argues Nigel Gould-Davies.