The ongoing COVID-19 pandemic has affected countless businesses, leading to serious disruptions for many industries. Drawing on the resilience literature, this study offers an understanding of the impact of the COVID-19 pandemic on the creative industries and their response to the challenges they have encountered. This study reviews 59 papers following the systematic literature review approach and reveals several positive implications of the COVID-19 pandemic within the creative industries (e.g., IT and software) as well as the negative (the music industry, festivals, cultural events). Identifying six themes related to the impact of the COVID-19 pandemic on the creative industries, we develop a response matrix based on the discussion of firms’ digital capabilities and their ability to adapt to the COVID-19 crisis. We outline future research directions using a Theory-Context-Characteristics-Methodology (TCCM) framework.

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Th e transition of the countries in Euro-Asia is one of the most important developments aff ecting the international system since the end of the Cold War. Th e development of market economies after decades of central planning, the formation of new states and national identities, the creation of new, democratic institutions of state and the reintegration into the world economy poses enormous challenges. While some countries have progressed relatively well and are in the process of joining the European Union, others have experienced severe economic and social dislocations, to the point of political disintegration and armed confl icts. Th e Centre for Euro-Asian Studies at the University of Reading is dedicated to the academic study of the political, economic, social and cultural aspects of this process. Th is series presents the most recent contributions from leading academics in the fi eld. With an interdisciplinary focus, it seeks to provide a substantial, original and ongoing contribution to our understanding of the region which is of vital importance for academics and of high policy relevance for governments and businesses.

This paper discusses the contribution that oil funds can make to the policy challenges facing resource-rich countries. To set the stage, it reviews the potential role of such funds in the broader context of macroeconomic and energy policies – taking into account uncertainty about oil prices, the impact of institutional costs, and problems of organisational design. The paper then highlights the critical role of governance issues in three respects: defining transparently the goals of each fund; communicating these goals to build a constituency of public support; and ensuring the efficient and transparent management of the fund on an ongoing basis. Two recent cases in the Caspian Sea region are then discussed: Azerbaijan and Kazakhstan. In both instances, the paper highlights issues of coordination and efficiency in the investment policies of the funds. While there are attempts to monitor their transparency through public awareness and websites, the author believes that this in itself is no substitute for a comprehensive governance strategy. Moreover, improved transparency can help inform the debate about strategic issues concerning the goals for such funds, and their contribution to the country's development strategy. Comparative Economic Studies (2006) 48, 583–613. doi:10.1057/palgrave.ces.8100160

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Study related to the extractive sector still plays a limited role in the mainstream international business (IB) and management literature, with even less focus on ongoing liberalization and digitalization in the industry. This article was motivated by the question of how collaboration between foreign and indigenous oil and gas (O&G) companies can support small‐sized and medium‐sized indigenous technological development. The main contribution of this article is the development of a model that explains how different actors can cocreate value in the ecosystem of the O&G industry through digital technologies. A three‐stage qualitative–interpretive method based on interviews with industry experts was adopted to build three vignette case studies. This article proposes what companies and the government could do to increase the competitiveness of the local economy, diversify from O&G into high technological industries, and support industrial development through information and communication technologies (ICT).