From the Brookings Institution’s Future Development Blog:
MIDP fellow Parviz Ahmadov: “Azerbaijan was once one of the largest cotton producers in the world, with 300 thousands hectares planted at the country’s peak in 1981. During the Soviet era, the crop generated between between a fifth and a quarter of the country’s income, earning cotton the nickname “white gold.” But by 2005, 14 years after independence, the country was planting just 112 thousand hectares of cotton. By 2015, the land dedicated to cotton production had dropped to a mere 18.6 thousand hectares, the lowest in the history of Azerbaijan.”
Read the post: https://www.brookings.edu/blog/future-development/2018/05/21/is-cotton-the-answer-to-azerbaijans-oil-price-woes/
