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The Wealth of Natural Resources and Economic Growth: Stories of Success and Failure
[Богатство Природными Ресрусами И Экономический Рост: Истории Успехов И Неудач]

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  • Lyubimov, I.L. (Любимов, И.Л.)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

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.

Suggested Citation

  • Lyubimov, I.L. (Любимов, И.Л.), 2016. "The Wealth of Natural Resources and Economic Growth: Stories of Success and Failure [Богатство Природными Ресрусами И Экономический Рост: Истории Успехов И Неудач]," Working Papers 2543, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:2543
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    References listed on IDEAS

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    1. Xavier Sala-i-Martin & Arvind Subramanian, 2013. "Addressing the Natural Resource Curse: An Illustration from Nigeria," Journal of African Economies, Centre for the Study of African Economies, vol. 22(4), pages 570-615, August.
    2. David, Paul A & Wright, Gavin, 1997. "Increasing Returns and the Genesis of American Resource Abundance," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 6(2), pages 203-245, March.
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    Keywords

    natural wealth; natural resources; economic issues;
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