Browsing by Subject "Petroleum industry"

Now showing 1 - 4 of 4

Open Access
The common and uncommon political economies of water and oil ‘wars’
(Frank Cass Publishers, 2003) Williams, P. A.
This article compares the political economies of water and oil conflicts. It suggests that the ‘common pool resource’ (CPR) framework only partially explains the prototypically ‘upstream-downstream’ disputes over flowing water and oil ‘flows’, as CPR rivalry stems from users’ inability to exclude each other, while water and oil conflicts stem from certain users’ ability to exclude others. Yet, it also argues that key differences, related to the exclusivity of upstream sovereignty over resources, the ecological or economic nature of ‘downstream’ flow benefits, the practicality of ‘upstream’ flow control, and the size of the political benefits of gaining and exerting ‘upstream’control relative to its high economic costs, make ‘water war’ much less politically economic than oil conflict.
Open Access
Democratisation and social conflict in timor leste: a not so great transformation
(Routledge, 2022-10-11) Verkhovets, Stepan; Şahin, Selver
The idea of democratic state-building constituted the basis of the peace promotion engagement of the United Nations and other international agencies in Timor-Leste. Yet, this process of internationally assisted socio-political reconstruction has produced mixed results in terms of achieving a liberal democratic transformation. In accounting for these outcomes, the existing scholarship highlights the ways in which the intensifying power struggles between different competing social groups gave rise to a socio-political order where clientelist, neo-patrimonial governance structures and practices co-exist with those of the Western Weberian state. This article draws on social conflict theory to examine the underlying political economy dynamics of these governance outcomes. It concludes that the process of socio-political ordering experienced in Timor-Leste is not a deviation from the liberal democratic blueprint. It rather results from it, reflects the balance of power between competing groups in society, and develops in such a way that serves the interests of particular social forces while marginalising others. Following from this premise, the article emphasises the point that the analysis of the political environment in Timor-Leste should consider the state-society complex rather than focusing on the quality of state institutions misguidedly insulated from societal interest and influence.
Open Access
Guns, gender and petroleum: a critical analysis of the underlying dynamics of Timor-Leste’s development trajectory
(Routledge, 2023-10-20) Buldanlıoğlu Şahin, Selver; Verkhovets, S.
This article examines the underlying political economy context of the uneven development outcomes in post-conflict Timor-Leste. We use a modified version of a structural political economy approach that is situated in a Gramscian understanding of the state-society relationship. This approach conceptualises development as a process of historically specific class-based and gender-based contestations over the distribution of resources that result in particular forms of socio-political orders maintained through a combination of institutional and ideological mechanisms of wealth generation. Our analysis of whose interests have been prioritised and marginalised in post-independence Timor-Leste is based on a systematic examination of three major factors: regulation of class relations, organisation of gender relations, and the governance of the petroleum industry. We conclude that despite some important improvements in the formation of formal democratic institutions in Timor-Leste, the processes of the distribution of power and access to resources remain far from being inclusive prioritising a class-based group of male-dominant elites that manipulates institutions to advance their interests and use a hegemonic gender ideology to justify and maintain these existing unequal arrangements in the prevailing socio-political order. Thus, the development outcomes in Timor-Leste are strongly connected to the political-economic processes from a larger historical perspective.
Open Access
Inflationary effect of crude oil prices in Turkey
(Elsevier BV, 2002) Berument, Hakan; Taşçı, H.
It is generally acknowledged that changes in oil prices affect economic welfare in ways that are not entirely reflected in transactions in the oil market. In this article, by using the 1990 input-output table, the inflationary effects of crude oil prices are investigated for Turkey. Under fixed nominal wages, profits, interest and rent earnings, the effect of increasing prices of oil on inflation is limited. However, when wages and the other three factors of income (profit, interest and rent) are adjusted to the general price level that includes the oil price increases, the inflationary effect of oil prices becomes significant. Hence, indexation could have very severe effects on an economy when oil prices increase and, in some cases, could even lead to hyperinflation. © 2002 Elsevier Science B.V. All rights reserved.