Converting Petro Wealth Into Sustainable Human Development Azerbaijan’s economy has grown at an unprecedented rate during the last decade, with real GDP increases averaging 21 percent between 2005 and 2009 alone. This spectacular growth reflects a major expansion of the oil and gas production and significant increases in public spending for both infrastructure and social needs. As a result, Azerbaijan’s economy exceeded its 1991 level in 2005 and ranked fourth in the CIS in per capita income...