Given the critical role of oil in the global economy, continuous increase in oil prices is a worldwide threat. Government intervention is pivotal in handling the economic impacts of oil price fluctuations in economies heavily reliant on oil. To gain deeper insights into this global issue, let us talk to Nigar Islamli, the author of the book chapter, "Global Oil Price Shocks and Sustainability: The Case of Post-Soviet Resources-Rich Countries." Islamli will share her expertise and perspectives on economics, global resources, and social responsibility.
| | Finance for Sustainability in a Turbulent Economy |
Prof. Abdul Rafay
©2022 | 296 pgs. | ISBN: 9781668455807
| - Suitable for Environmental Scientists, Engineers, & Business Executives
- Covers Topics such as
Environmental Finance, Green Energy Demand, & Social Responsibility
- Led by an editor with over 25 years of professional experience
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Preview "Global Oil Price Shocks and Sustainability"
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Prof. Nigar Islamli Answers Our Questions
What was the driving force or motivation for starting your chapter?
Prof Islamli: Considering Azerbaijan, Russia, and Kazakhstan as post-Soviet natural resources-rich countries, it is worth mentioning the advantages and disadvantages of oil while discussing the economy.
What specific problems does your chapter address? Prof. Islamli: Economies of the countries that depend on oil revenues experience shock periods when the oil price decreases. In this case, the need to investigate the ways for economic survival arises to combat negative economic consequences.
How does the chapter provide a solution to these problems?
Prof. Islamli:The chapter studies the commonality of issues that countries faced and specifically deeply explores Azerbaijan’s social package. The social package, known as the “Azerbaijani model,” offers many solutions including handling tools.
How does your professional background and experience support your ability to be an authoritative contributor on this chapter's coverage?
Prof. Islamli: I have been working as a researcher at the think tank at the Center for Economic and Social Development in Baku, Azerbaijan, since 2020. My degree is from Azerbaijan State University of Economics as well. It has been 4 years that I have been researching various topics related to economic and social fields.
About the Contributor
Nigar Islamli is a think-tanker in Azerbaijan. She is a researcher on macroeconomics. She received a B.Sc. Degree in economics from Azerbaijan State University of Economics.
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