Mineral and Natural Resources as Global Competitiveness Factor

2010 ◽  
pp. 20-30
Author(s):  
V. Kondrat’ev
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Mineral Resources ◽  
Dutch Disease ◽  
Living Standards ◽  
Raw Material ◽  
Global Competitiveness ◽  
Material Resources ◽  
Development Analysis ◽  
Sustainable Economic Growth

The availability of raw material resources is an important factor of global competitiveness. In fact, this point may not be applied to all countries. Moreover, according to research, in many developing countries the natural resources endowment is inversely related to the pace of economic growth and living standards, and positively related to income inequality. Such negative connection between the natural resources endowment and economic growth is named the “resource damnation” . The development analysis of countries rich in mineral resources demonstrates that the economic policy pattern plays a key role in prevention of the “Dutch disease”, achievement of sustainable economic growth and improving competitiveness of national economy.

scholarly journals DOES THE GLOBAL COMPETITIVENESS INDEX DEMONSTRATE THE RESILIENCE OF COUNTRIES TO ECONOMIC CRISES?

Ekonomika ◽  
2017 ◽  
Vol 95 (3) ◽  
pp. 28-36 ◽  
Author(s):  
Vaiva Petrylė
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
Living Standards ◽  
Gdp Growth ◽  
World Economic Forum ◽  
Global Competitiveness ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Competitiveness Index ◽  
Sustainable Economic Growth

The concept of a country’s competitiveness still does not have a clear and straightforward meaning and remains ambiguous. Different economists stress various aspects of the concept and use a number of different methods to evaluate how competitive a country is. This paper focuses on the Global Competitiveness Index, which is calculated by the World Economic Forum and is one of the most well-known measures of competitiveness. The World Economic Forum (2015) defines the competitiveness of a country as a “set of institutions, policies and factors that determine the level of productivity of a country” and argues that productivity “is the main long-run engine for growth, living standards and prosperity”. The definition suggests that a higher competitiveness ranking shows higher productivity of the country’s economy, which should lead to higher and more sustainable economic growth. In addition, economic growth leads to higher living standards and prosperity of the country’s citizens. In the light of the definition, the paper forms the hypothesis that if a country is ranked to be more competitive (i.e., its Global Competitiveness Index is higher), it should have greater resilience to an economic crisis than less competitive countries. In other words, more competitive countries should have higher and more sustainable economic growth rates than the less competitive countries. In order to check this hypothesis, the paper uses the graphical analysis method and examines the relationship between the Global Competitiveness Index and the economic growth of countries during the period of 2006-2015. The research findings show that there is a weak or no relationship between the Global Competitiveness Index and the GDP growth of countries; however, it is a negative relationship between the Global Competitiveness Index and the standard deviation of the country’s GDP growth. The results argue that the Global Competitiveness Index is not capable of forecasting the future GDP growth rates of a country; however, the Global Competitiveness Index indicates if the country avoids sharp fluctuations in its GDP growth rates and maintains sustainable economic growth throughout the period.

PRIORITIES AND RESOURCES OF GEORGIA: MYTHS, HISTORY, PERSPECTIVES

2020 ◽  
pp. 95-102
Author(s):  
Givi Talakvadze ◽  
Zurab Lomsadze ◽  
Joseph Archvadze
Keyword(s):  
Natural Resources ◽  
Management System ◽  
Historical Review ◽  
Mineral Resources ◽  
Soviet Period ◽  
Project Management System ◽  
Material Resources ◽  
Current State ◽  
Single Category ◽  
Characteristic Features

The article deals with issues related to the study of the main socio-economic priorities of Georgia. The brief historical review refutes the widely circulated thesis that during the Soviet period the Georgian Republic allegedly consumed much more goods than it produced; that per capita incomes were calculated astronomically. The issues of the current state of the country's resource supply were also considered. The concept of integral resources is used and it is proposed to combine a number of traditional and newly formed group of potential opportunities over the past decades into a single category of the so-called. "Partial resources", which, along with traditional types - natural, human and material resources, allow the most complete and comprehensive characterization of the possibility of their use for solving urgent socio-economic problems of the country. Particular attention is paid to the current state of Georgia's natural resources on the example of a brief analysis of mineral resources with an emphasis, in particular, on the resources of building and facing materials. In order to improve the efficiency of managing economic processes, it is proposed to radically improve the activities of ministries and departments of the country by switching to the so-called "Project management system" of the entire economic and economic complex of Georgia. The main feature of this system is associated with the introduction of a three-level classification of the main projects, which will be assigned National, Sectoral and Regional levels, depending on their scale and characteristic features. This will allow developing specific programs for the rational use of natural resources, to optimize the management system at all levels of authorities, to introduce innovative models of sustainable management, intended to significantly improve the living standards of the population of Georgia.

scholarly journals Waste production and waste management in the EU

2021 ◽  
Vol 900 (1) ◽  
pp. 012024
Author(s):  
S Matušková ◽  
M Taušová ◽  
L Domaracká ◽  
P Tauš
Keyword(s):  
Waste Management ◽  
Living Standards ◽  
Raw Material ◽  
Material Resources ◽  
Waste Production ◽  
The World ◽  
Long Time ◽  
The Impact ◽  
Constant Growth ◽  
The Eu

Abstract The constant growth of the population increases the demands on raw material resources, which is reflected in increasing pressure on the environment. The impact of mankind on the environment is nowadays an increasingly acute problem, which is being addressed by the governments of individual countries, not only the EU, through legislative interventions. The most addressed areas are the issue of production and subsequent waste management. Waste production in the world has been growing for a long time, which causes considerable problems for individual countries. Each country is currently looking for the optimal way of waste management to reuse it as secondary raw material. In this paper, we analysed twenty-eight EU countries in terms of production and waste management and found significant differences between countries. We looked for factors that lead to different results between countries in the production and management of waste, based on the population, the size of the country to the indicators of living standards, and legislation applicable to those countries.

scholarly journals Skilled and controlled immigration – a solution to keep sustainable economic growth in Europe?

2011 ◽  
Vol 59 (2) ◽  
pp. 69-74 ◽  
Author(s):  
Daniela Dvořáková
Keyword(s):  
Economic Growth ◽  
Immigration Policy ◽  
Population Decline ◽  
Potential Threat ◽  
Global Competitiveness ◽  
Skilled Immigration ◽  
Western Values ◽  
European Immigration ◽  
And Migration ◽  
Sustainable Economic Growth

Europe’s population decline compared with the demographic explosion in Africa and Asia is a potential threat to sustainable economic growth and global competitiveness in Europe. Europe is currently facing two major problems-lack of population growth and migration pressures. The solution could provide a targeted management of migrations flows. Prerequisite for sustainability of the system is not only a skilled migration, but some form of integration and acceptance of Western values as well. In connection with the deepening of integration of the common EU immigration policy, Czech immigration strategies have to be complementary with the EU strategies. Czech Republic had to already undertaken many reforms of Aliens Act and also tries to launch its own strategies favourising the skilled immigration, to reinforce the main trends in the European immigration policy.

scholarly journals The impact of public expenditures on economic growth of the Republic of North Macedonia

2020 ◽  
Vol 8 ◽  
pp. 249-258
Author(s):  
Aleksandar Nikoloski
Keyword(s):  
Economic Growth ◽  
Public Expenditure ◽  
Public Spending ◽  
Living Standards ◽  
Living Standard ◽  
Public Expenditures ◽  
Short Term ◽  
The Republic ◽  
Sustainable Economic Growth ◽  
The Impact

Ensuring high and sustainable economic growth is one of the main tasks of public spending policy. In fact, public expenditure plays an important role in the formation of physical and human capital over time. If are properly targeted, they can stimulate economic growth even in the short term, when limited infrastructure of (unskilled) workforce is a barrier to increased production. Therefore, the realized impact of public expenditures on economic growth can be considered as an indicator of their effectiveness. The goal of public expenditure is to increase economic growth by providing more employment opportunities, increasing people's income and living standards. Therefore, if they are well-managed, they can lead to the desired level of economic growth and improvement of the living standard of the population.

scholarly journals Assessment of the mineral raw material potential in Denmark – methods and major findings

1969 ◽  
pp. 37-40
Author(s):  
Jakob Kløve Keiding ◽  
Per Kalvig ◽  
Claus Ditlefsen ◽  
Steen Lomholt ◽  
Peter Roll Jakobsen
Keyword(s):  
Economic Growth ◽  
Raw Materials ◽  
Spatial Competition ◽  
Mineral Resources ◽  
Raw Material ◽  
Resource Evaluation ◽  
Mineral Raw Materials ◽  
Mineral Raw Material ◽  
Per Capita

Aggregates and other mineral raw materials are important prerequisites for the continual development of the infrastructure and economic growth of a country. Th e production of these raw materials in Denmark amounted to c. 4.5 m3 per capita in 2012, which was 57% higher than the average in EU and EFTA countries (UEPG 2014). In this perspective, it is essential to locate and assess the Danish mineral resources in order to plan future exploitation, especially in densely populated regions where both spatial competition for landuse and demands for raw materials are high. Here we present the methods used in a recent resource evaluation that for the fi rst time includes Danish resources both on land and at sea and summarises some of the main fi ndings of this analysis.

scholarly journals Natural Resources and the Economic Growth of West Africa Economies

2021 ◽  
Vol 8 (2) ◽  
pp. 20
Author(s):  
Michael Asiedu ◽  
Ebenezer Nana Yeboah ◽  
David Owusu Boakye
Keyword(s):  
Economic Growth ◽  
West Africa ◽  
Natural Resources ◽  
Oil And Gas ◽  
Correction Term ◽  
Negative Relationship ◽  
Mineral Resources ◽  
Significance Level ◽  
Long Run ◽  
Short Run

In this study, we employed the pooled mean group (PMG) regression to examine the effect of natural resources economic rent (coal rent, gas rent, oil rent, forest rent, minerals rent) and foreign direct investment (FDI) on economic growth in West Africa for the period 1996 to 2017. We found strong evidence of a positive relationship between FDI, total natural resources (TNR), total natural gas (TNG), and economic growth in the long-run. However, the study recorded a negative relationship between mineral resources rent, oil rent and gas rent, and economic growth in the long run. The rent from coal also exhibited neutrality on economic growth. While all the short-run coefficients are not statistically significant, the error correction term (ECT) is significant and a negative value of -0.889, signifying cointegration at a 1% significance level. This also implies that the short-run estimates converge towards the long-run estimates to achieve equilibrium at the speed of 89% per annum. Our findings highlight the significance of FDI and total rent from natural resources in stimulating West African economies' growth in the industrialization drive and general welfare. In contrast, this study also highlights the need for policy direction to redesign and realign ownership in the oil and gas sector from multinational co-operations (MNCs) to the locals and the domestic economy to benefit directly from the prevailing environment.

scholarly journals Analisis Perwilayahan Pembangunan dan Iklim Investasi di Provinsi Bengkulu

2015 ◽  
Vol 31 (2) ◽  
pp. 295 ◽  
Author(s):  
Yana Tatiana ◽  
Muhammad Firdaus ◽  
Hermanto J Siregar ◽  
Himawan Hariyoga
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Foreign Investment ◽  
Investment Climate ◽  
Long Run ◽  
Ownership Of Land ◽  
Sustainable Economic Growth

Sustainable Economic growth in the long run be a development goal.Development that is driven by the growth of investment will create sustainability. Localgovernments use many methods in promoting the region to attract investment. Thispaper aims to analyze the factors affect the investment climate as well as determinesectors driving the success of development in the province of Bengkulu (9 counties andone city) by using Quotients Klassen, Location quation (LQ), shiftshare, fiscal capacityand regression. This study concluded that areas which have base sector in agriculturalcapable of developing and developed despite its ability to attract FDI and domesticinvestment is relatifly low. While the areas natural resources such as mining becomecenter of domestic and foreign investment, was not able to develop into advanced andfast growing areas. Ownership of land and infrastructure becomes the dominant factoraffecting the investment climate in the Province of Bengkulu

scholarly journals Involving technogenic mineral resources in the production of "glass-steel" compositions

2019 ◽  
Vol 265 ◽  
pp. 06003
Author(s):  
Vera Makarova
Keyword(s):  
Sustainable Development ◽  
Natural Resources ◽  
Protective Coatings ◽  
Mineral Resources ◽  
Environmental Safety ◽  
Raw Material ◽  
The Sustainable Development ◽  
Metallurgical Sector ◽  
Technological Cycle ◽  
Mineral Base

The purpose of this study is to ensure the sustainable development of society by reducing the use of natural resources. Waste from the mining and metallurgical sector is a valuable raw material for the making of glass-steel compositions. The obtained results show that the involvement of man-made waste positively affects the physico-mechanical and operational properties of enamel slurries. The involvement of mining and metallurgical sector waste in the technological cycle of obtaining glass-steel compositions will allow expanding the mineral base for the production of protective coatings while simultaneously ensuring the requirements of environmental safety and protection.

scholarly journals The Determinants of Sustainable Economic Growth in the Central Asian Turkish Republics

2011 ◽  
Author(s):  
Fahri Solak ◽  
Ercan Sarıdoğan
Keyword(s):  
Economic Growth ◽  
Economic Policies ◽  
Investment Environment ◽  
Factors Affecting ◽  
Global Competitiveness ◽  
Long Run ◽  
Central Asian ◽  
National Industry ◽  
Sustainable Economic Growth ◽  
Science Technology And Innovation

Sustainable economic growth is very important for sustainable welfare of society. In this context, it is vital to determine the factors affecting sustainable economic growth and to design economic policies for affecting sustainable economic growth. Main aim of this study is to investigate the determinants of sustainable economic growth and to recommend economic policies and strategies for selected Central Asian Turkish Republics, namely, Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan and Turkmenistan in order to achieve sustainable economic growth and development. The main result of the study is that the main source of economic growth of Turkish Republics depends on the natural resources, which is not enough for sustainable economic growth in the long run. For this reason, Turkish Republics should transform their economic structures from natural sources based economic growth into science-technology and innovation based and global competitiveness oriented economic growth path by designing economic policies for developing human capital, education, research and development, national industry strategy improving the business and investment environment for investors and eliminating structural and institutional problems.

Sign in / Sign up

Export Citation Format

Share Document