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From the Publisher"Oksan Bayulgen has written an original and provocative study concerning what makes some investment environments more attractive than others for foreign oil companies. In doing so, she contests the conventional wisdom that oil profits make foreign oil companies impervious to risk and that foreign investors necessarily prefer authoritarian regimes. She argues that foreign investors prefer investment environments that are stable and flexible, neither of which is contingent on regime type. Her focus on Azerbaijan and Russia makes this book an important read for students not only of political economy but also of the postcommunist world."
- Pauline Jones Luong, Brown University
"In Foreign Investment and Political Regimes, Oksan Bayulgen offers a clear and elegant theoretical story on the debated relationship between political regimes and foreign direct investment, which is substantiated by rich case- and fieldwork details on the oil sectors of Azerbaijan, Russia, and Norway, as well as statistical evidence from large-N cross-national quantitative tests. The book is an important contribution to the scholarship on the political economy of development and institutions, particularly the FDI-democracy controversy. It is a must-read for students of and practitioners in democratization, development, and international business."
- Quan Li, Texas A&M University
"Bridging the disciplines of politics, economics, and business, Bayulgen provides a fine-grain analysis of the role of foreign investment in the development of the oil industry in three very different countries. Her thought-provoking conclusion is that hybrid political regimes are worse than either democracy or authoritarianism, because in such a regime the number of dimensions of uncertainty is increased."
- Peter Rutland, Wesleyan University