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This book presents a ‘critical reappraisal’ of the resource curse thesis and extends the analysis to consider political and social dimensions, and thus, the importance of structure in the petroleum sector’s governance model. It examines major challenges surrounding the governance of petroleum resources, and the implications for the economic growth and development of hydrocarbon-abundant countries as a result of ineffective economic, political, and social mechanisms. The book subsequently investigates a range of causal factors that may promote or hinder the effective management of oil and gas resources in the Kurdistan Region, which also has implications for the security of the wider region and for global energy security. The book also seeks to arrive at lessons learned and policy guidelines to help inform other new petroleum-exporting countries and regions about how to best manage their newfound wealth.

Energy. --- Energy policy. --- Energy and state. --- Political economy. --- Energy Policy, Economics and Management. --- Energy Efficiency. --- Political Economy. --- Middle Eastern and North African Economics. --- Governance and Government. --- Petroleum industry and trade --- Government policy --- Energy industries --- Oil industries --- Middle East—Economic conditions. --- Political science. --- International Political Economy. --- Administration --- Civil government --- Commonwealth, The --- Government --- Political theory --- Political thought --- Politics --- Science, Political --- Social sciences --- State, The --- Economic theory --- Political economy --- Economic man --- Energy efficiency. --- Consumption of energy --- Energy efficiency --- Fuel consumption --- Fuel efficiency --- Power resources --- Energy conservation --- Energy and state --- State and energy --- Industrial policy