Examination of Resource Curse Hypothesis: Mineral Resources Exploitation and Economic Growth in Xinjiang Autonomous Region

2011 ◽  
Vol 9 (1) ◽  
pp. 63-70 ◽  
Author(s):  
Zhang Xinhua ◽  
Gu Shuzhong ◽  
Wang Xingjie ◽  
Wu Hong ◽  
Zhou Hong ◽  
...  
Keyword(s):  
Economic Growth ◽  
Resource Curse ◽  
Mineral Resources ◽  
Autonomous Region ◽  
Resources Exploitation ◽  
Xinjiang Autonomous Region

Analyzing the current effectiveness of the Russian economy's design

2020 ◽  
Vol 8 (8) ◽  
pp. 1476-1496
Author(s):  
V.V. Smirnov
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Growth Rates ◽  
Systems Approach ◽  
Mineral Resources ◽  
Cash Flows ◽  
Moscow Oblast ◽  
Structural Balance ◽  
Russian Economy ◽  
The Stability

Subject. The article discusses Russia’s economy and analyzes its effectiveness. Objectives. The study attempts to determine to what extent Russia’s economy is effective. Methods. The study is based on the systems approach and the statistical analysis. Results. I discovered significant fluctuations of the structural balance due to changing growth rates of the total gross national debt denominated in the national currency, and the stability of growth rates of governmental revenue. Changes in the RUB exchange rate and an additional growth in GDP are the main stabilizers of the structural balance, as they depend on hydrocarbon export. As a result of the analysis of cash flows, I found that the exports slowed down. Financial resources are strongly centralized, since Moscow and the Moscow Oblast are incrementing their share in the export of mineral resources, oil and refining products and import of electrical machines and equipment. Conclusions and Relevance. The fact that the Russian economy has been effectively organized is proved with the centralization of the economic power and the limits through the cross-regional corporation, such as Moscow and the Moscow Oblast, which is resilient to any regional difficulties ensuring the economic growth and sustainable development. The findings would be valuable for the political and economic community to outline and substantiate actions to keep rates of the economic growth and sustainable development of the Russian economy.

scholarly journals Improving Relations between a State and a Business Enterprise in the Context of Counteracting Adverse Effects of the Resource Curse

2021 ◽  
Vol 13 (3) ◽  
pp. 1067
Author(s):  
Marek Szturo ◽  
Bogdan Włodarczyk ◽  
Alberto Burchi ◽  
Ireneusz Miciuła ◽  
Karolina Szturo
Keyword(s):  
Economic Policy ◽  
Natural Resources ◽  
Resource Sharing ◽  
Global Economy ◽  
Empirical Studies ◽  
Relevant Literature ◽  
Resource Curse ◽  
Mineral Resources ◽  
Strategic Resources ◽  
Key Resources

Natural resources play a significant role in the development of the global economy. This refers, in particular, to strategic fuel and mineral resources. Due to the limited supply of natural resources and the lack of substitutes for most of the key resources in the world, the competition for the access to strategic resources is a feature of the global economy. It would seem that the countries which are rich in resources, because of this huge demand, enjoy spectacular economic prosperity. However, the results of empirical studies have demonstrated what is known as the ‘resource curse’. This article concentrates on the characteristics of the paradox of plenty, and in particular on the possibilities of preventing this phenomenon. The aim of this article is to identify the measures of economic policy with which to counteract the resource curse, based on the relationship between the state and the extraction business. Upon the critical analysis of the relevant literature, we concluded that the state’s economic policy, implemented in cooperation with the extraction business, is increasingly important for the prevention of the resource curse. In the context of the resource curse, the optimal and most consensual instrument, in comparison with other resource sharing agreements, is a production sharing agreement (PSA), which should also be adjusted to the current local economic conditions in a given country.

scholarly journals Political Stability and Security Status

2019 ◽  
Vol 3 (1) ◽  
pp. 11-13
Author(s):  
Ribaz Chato Biro
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Direct Investment ◽  
Political Stability ◽  
Kurdistan Region ◽  
Economic Sectors ◽  
Autonomous Region ◽  
Economic Progress ◽  
New Destination

Political stability and security have become important factors of sustainable economic progress for the developing countries, especially states with the experience of war and instability. Kurdistan Region of Iraq (KRI) as a semi-autonomous region tried to improve the level of political stability and security status, to gain more foreign direct investment (FDI) and economic growth. Consequently, KRI has become the safest region in Iraq and enjoyed political stability and safety. Therefore, during the last decade, KRI has occurred as a new destination of FDI in the Middle East and has received notable progress in most of the economic sectors. The aim of this study is to evaluate the role of political stability and security status on the FDI attractions and their consequences on economic development. However, it will investigate the factors that make the KRI safer than the rest of Iraq.

scholarly journals Transmission of measles among healthcare Workers in Hospital W, Xinjiang Autonomous Region, China, 2016

2018 ◽  
Vol 18 (1) ◽  
Author(s):  
Haimei Jia ◽  
Chao Ma ◽  
Mengting Lu ◽  
Jianping Fu ◽  
Lance E. Rodewald ◽  
...  
Keyword(s):  
Healthcare Workers ◽  
Autonomous Region ◽  
Xinjiang Autonomous Region

The “Resource Curse”: Lessons of the Third World

2015 ◽  
pp. 28-39
Author(s):  
V. Shmat
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Third World ◽  
Raw Materials ◽  
Resource Curse ◽  
The Third ◽  
National Institutions ◽  
Resource Nationalism ◽  
The Third World ◽  
First World

According to the hypothesis known as the “resource curse”, natural resources abundance is a brake on economic growth of many Third World countries. But is it really so? The author believes there are deeper reasons why the Third World in general – regardless of the amount of raw material resources available in each country – cannot achieve the same level of welfare as the First World. The “resource curse” theory looks for the origins of the resourceful countries’ economic problems in the institutional sphere. But this seems misleading because of excessively narrow “here and now” approach. The economic and socio-political institutions of individual countries are regarded in short periods of time when “curse” declared itself. Its typical manifestations, such as rent-seeking, stagnation or degradation of the institutions, authoritarian power, snowballing public debt and symptoms of Dutch disease, were seen in many Third World countries long before the development of the major sources of raw materials and regardless of the availability or absence of them. Therefore, it seems appropriate to speak of a kind of “three-fold institutional curse” as an explanation of continuing underdevelopment of many countries and territories. Poor national institutions in the Third World countries are not actually caused by the presence or absence of concentrated natural resources. This is the result of prior historical development with series of discrete transitions from one condition to another: from colonial status – to independent statehood; from poverty – to unexpected wealth mostly based on the exploitation of the natural resources. Qualitative transformation of national institutions usually lags far behind. As a consequence, institutional development enters into a state of stagnation (inhibiting or destabilizing economic growth) that can stretch for very long periods of time. The author concludes that the presence or absence of resources, in fact, has no fundamental impact on the nature of socio-economic development of Third World countries. The major reason hindering institutional progress has external nature, that is heavy economic dependence on the First World (coupled with informal political subordination). This circumstance begets the “resource nationalism” by the developing countries – exporters of raw materials and fuel. History of “resource nationalism” provides a useful lesson for Russia whose economy is features by growing dependency on resources. Acknowledgement. The article has been supported by a grant of the Russian Science Foundation. Project № 14-18-02345.

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