Can resource policy adjustments effectively curb regional “resource curse” ? new evidences from the “energy golden triangle area” of China

2021 ◽  
Vol 73 ◽  
pp. 102146
Author(s):  
Xiaoliang Xu ◽  
Xuefen Xu
Keyword(s):  
Resource Curse ◽  
Golden Triangle ◽  
Resource Policy ◽  
Policy Adjustments

scholarly journals Management of Resource Policy: How Mongolia Passes the Test

2016 ◽  
Vol 64 (1) ◽  
pp. 297-305
Author(s):  
Jiří Mičánek ◽  
Petr Blížkovský
Keyword(s):  
Resource Curse ◽  
Institutional Quality ◽  
Negative Influence ◽  
Policy Recommendations ◽  
Legal Reforms ◽  
Long Run ◽  
Political Outcomes ◽  
Resource Policy ◽  
Poor Management

Mongolia is quickly changing nowadays. This is also thanks to discoveries of enormous mineral wealth. Copper, coal, iron ore and gold in particular are responsible for an amazing growth performance that Mongolia continues to demonstrate over the last decade. As literature demonstrates, large windfalls in natural resources revenues often turn into a curse in the long run, inspiring the term ‘resource curse’. Resource abundant countries are often confronted with negative economic, social and political outcomes. Poor management of resource revenues is often the core of this problem. The article looks at the case of Mongolia. It runs eight tests related to competitiveness, to quality of institutions, to GDP and to growth rate determined by global mineral prices. The results are mixed: tests of institutional quality and volatility of prices has proved the hypothesis, however, the GDP growth and terms of trade tests haven’t shown any negative influence. The results offer a mixed picture (6 tests supporting and 2 tests not-supporting the hypothesis). At this stage, in overall, Mongolia is not yet facing the resource curse. Policy recommendations concern much needed stabilisation of the economy, improvement of institutional quality through legal reforms, and diversification of the economy.

Mechanisms of Resource Curse and Economic Policy

2007 ◽  
pp. 4-27 ◽  
Author(s):  
V. Polterovich ◽  
V. Popov ◽  
A. Tonis
Keyword(s):  
Real Exchange Rates ◽  
Resource Curse ◽  
Budget Deficits ◽  
Resource Abundance ◽  
Fuel Prices ◽  
Use Of Resources ◽  
Resource Wealth ◽  
The One ◽  
The Right ◽  
Rich Countries

This paper compares various mechanisms of resource curse leading to a potentially inefficient use of resources; it is demonstrated that each of these mechanisms is associated with market imperfections and can be "corrected" with appropriate government policies. Empirical evidence seems to suggest that resource abundant countries have on average lower budget deficits and inflation, and higher foreign exchange reserves. Besides, lower domestic fuel prices that are typical for resource rich countries have a positive effect on long-term growth even though they are associated with losses resulting from higher energy consumption. On top of that resource abundance allows to reduce income inequalities. So, on the one hand, resource wealth turns out to be conducive to growth, especially in countries with strong institutions. However, on the other hand, resource abundance leads to corruption of institutions and to overvalued real exchange rates. On balance, there is no solid evidence that resource abundant countries grow more slowly than the others, but there is evidence that they grow more slowly than could have grown with the right policies and institutions.

Kryzys gospodarczy w Wenezueli. Przyczyny i konsekwencje

2019 ◽  
pp. 77-88
Author(s):  
Michał Zaremba
Keyword(s):  
Resource Curse

Ropa naftowa jest najważniejszym surowcem energetycznym świata. Od lat 40. XX wieku gospodarka wenezuelska w coraz większym stopniu uzależniała się od produkcji i sprzedaży ropy na rynkach światowych - przychody z eksportu ropy naftowej osiągały poziom 50% PKB i ok. 96% przychodów z eksportu ogółem. W konsekwencji, gwałtowny spadek cen ropy w ostatnich latach doprowadził do poważnego kryzysu gospodarczego, który obecnie nosi znamiona kryzysu humanitarnego. Zasadna wydaje się teza, że obecny kryzys, w jakim znalazła się Wenezuela, w dużym stopniu jest zatem skutkiem oparcia gospodarki na monokulturze ropy naftowej, co w czasach dekoniunktury musiało znacząco odbić na funkcjonowaniu całej gospodarki. Wenezuela byłaby więc modelowym przykładem gospodarki podlegającej tzw. „klątwie surowcowej” (ang. resource curse) lub też „paradoksowi bogactwa” (ang. paradox of plenty). Celem artykułu jest przedstawienie sytuacji gospodarczej Wenezueli, źródeł kryzysu, przebiegu oraz perspektyw wyjścia z kryzysu.

Popular Resource Sovereignty

2018 ◽  
Author(s):  
Leif Wenar
Keyword(s):  
Human Rights ◽  
Natural Resources ◽  
Large Scale ◽  
Good Reason ◽  
Resource Curse ◽  
Civil Conflict ◽  
Popular Sovereignty ◽  
State Sovereignty ◽  
The People ◽  
Rich Countries

Article 1 of both of the major human rights covenants declares that the people of each country “shall freely dispose of their natural wealth and resources.” This chapter considers what conditions would have to hold for the people of a country to exercise this right—and why public accountability over natural resources is the only realistic solution to the “resource curse,” which makes resource-rich countries more prone to authoritarianism, civil conflict, and large-scale corruption. It also discusses why cosmopolitans, who have often been highly critical of prerogatives of state sovereignty, have good reason to endorse popular sovereignty over natural resources. Those who hope for more cosmopolitan institutions should see strengthening popular resource sovereignty as the most responsible path to achieving their own goals.

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