Məmməd Talıblı 
The paradoxical development trajectory of resource-rich states is described with various epithets. A wide array of terms is used in this context: “resource curse,” “devil’s excrement,” “distorted development,” “African fever,” “Dutch disease,” “paradox of plenty,” and so on. Qatar, which leads the world in GDP per capita, also uses another intriguing phrase: “children of oil.” … ➠ 📖
In the post-oil era, the scarcity of funds has brought forward unpredictable income sources (such as lottery proceeds, fines, and penalties) rather than fixed income sources, to boost fiscal capacity. Accordingly, the Milli Majlis (National Assembly) has introduced amendments to the Code of Administrative Offenses. For context, the last adjustment to fines took place in … ➠ 📖
The 2024 Nobel laureates in economics have been announced, and the prize was awarded to Daron Acemoglu, Simon Johnson, and James Robinson for their joint research. In my opinion, these names are symbolic. In reality, this prize was given to an idea that successfully proves and interprets the positive connection between democracy and economic development, … ➠ 📖
The trend of state borrowing has been increasing significantly in recent years. The primary catalyst for this surge was the global coronavirus pandemic in 2020. Across the world, state borrowing has gained even more momentum. The UN document [1] states: “Globally, government debt has nearly doubled since 2010, reaching a historic record level of $97 … ➠ 📖
