The Wealth of Natural Resources and Economic Growth: Stories of Success and Failure

Богатство природными ресрусами и экономический рост: истории успехов и неудач

Lyubimov, I.L. (Любимов, И.Л.) ()
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Lyubimov, I.L. (Любимов, И.Л.): Russian Presidential Academy of National Economy and Public Administration (RANEPA)

Working Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: Perception of natural wealth as a curse, leading to the emergence of a variety of economic issues, from civil war and to reduce tech sector or the destruction of the institutions of power, is very common among both economists and the general public. While many countries endowed with natural resources stocks actually faced with serious economic and institutional problems, one can hardly speak about the negative impact on economic development resources of both stable laws. To change the potential of natural resources as a cause of economic failure, then we will talk in detail about how the success stories related to mining, and stories about the failures of the ownership of natural resources.

Keywords: natural wealth; natural resources; economic issues (search for similar items in EconPapers)
Pages: 27 pages
Date: 2016-04-25
New Economics Papers: this item is included in nep-ene, nep-env and nep-net
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