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FDI in Azerbaijan: A Structural Analysis of the Business Environment
[journal article]
Abstract Although Azerbaijan could be an attractive destination for international business endeavors, there are massive
barriers in practice. The national economy of Azerbaijan is divided among several clientelistic networks,
capturing state institutions in order to back their own business activities and k... view more
Although Azerbaijan could be an attractive destination for international business endeavors, there are massive
barriers in practice. The national economy of Azerbaijan is divided among several clientelistic networks,
capturing state institutions in order to back their own business activities and keep out competitors. Opportunities
are limited to areas in which international firms channel technology into the country that cannot
be provided locally. However, even in such cases, Western enterprises still have to comply with the particularities,
rules and norms of the local clientelistic system in order to be successful.... view less
Classification
Political Economy
Free Keywords
Azerbaijan; Business Environment; Oil
Document language
English
Publication Year
2016
Page/Pages
p. 6-8
Journal
Caucasus Analytical Digest (2016) 82
ISSN
1867-9323
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0