Why Azerbaijan Is Getting Poorer Despite An Oil Revolution (2000)

All the President s Oil (2001): After the fall of the Soviet Union, millions poured into Azerbaijan s oil industry. But only a select few reaped the rewards. Presented by Marcel Theroux. Subscribe to Journeyman here: http://www.youtube.com/subscription_center?add_user=journeymanpictures# The oil-rich Azerbaijan ought to be a text book example of the benefits of globalisation. Multinationals from across the globe have poured in cash to exploit its oil wealth, and now a tidal wave of money is hitting Azerbaijan. But who are the winners? The oil companies of course – but the comfortable contemporary wisdom says that riches will also trickle down to the whole Azeri population, creating a contented, prosperous nation at the centre of a troublesome region that includes Iran and Russia. But it isn’t happening. Forget the cosy platitudes of globalisation. Think corruption, nepotism, despotism, war lords… For more information, visit https://www.journeyman.tv/film/1057 Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanNews https://twitter.com/JourneymanVOD Follow us on Instagram: https://instagram.com/journeymanpictures Mentorn - Ref. 1057