Power-property in Russia and China: oil and gas industry example

Annotation

Article provides an overview of the «power-property» concept and related theories which are closely describing industry business and authorities' relations in transformation processes assessments. The author underlines sensitivity and dependency Russia and China in terms of their energy policy. The great attention is paid to the conditions of the transition from the socialist to the market economy in Russia and China. The issue of distribution of assets of the oil and gas complex among members of the political elite, former politicians and officials, or affiliated with them persons and commissioners was raised. The research results show current allocation of energy assets and are represented as consequences of stakeholders' symbolic power. The features of the transition directly connected with ideological, methodological and socio-cultural specificities. Nevertheless, the main findings revealed that in Russian and Chinese transition the crucial role in property structure change were played by the influential actors' incentives. It was pointed out that the oil and gas interest groups formation and the processes of property distribution are accompanied by informal practices, lack of transparency in decision-making process and the exclusion of society.

Keywords

• power-property concept
• state capitalism
• symbolic capital
• reforms
• economy transition
• State-owned enterprise (SOE)
• Russia
• China
• interest groups
• energy policy
• Oil and Gas assets
• власть-собственность
• государственный капитализм
• символический капитал
• нефтегазовые компании
• реформы
• транзитивные экономики
• группы интересов
• энергетическая политика
• Россия
• Китай
• нефтегазовые активы
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