State or Market?-- Both or Neither? -- A Brief Historical Overview -- The First Wave: Colonial Oil Importers -- The Second Wave: Oil Exporters -- The Third Wave: Russia And China In The 21st Century -- Intentions And Design -- Capturing Economic Rent -- Oil Risk, Business Culture And Governance...

State or Market? -- Both or Neither? -- A Brief Historical Overview -- The First Wave: Colonial Oil Importers -- The Second Wave: Oil Exporters -- The Third Wave: Russia And China In The 21st Century -- Intentions And Design -- Capturing Economic Rent -- Oil Risk, Business Culture And Governance...

Oil as the main source of economic and political power has played a significant role in oil governments’ political and social developments and has been one of the main pillars of power. But historical experiences have shown that having huge oil resources didn’t lead the countries to a...