scholarly journals Effectiveness of a national resource fund in counteracting the resource curse

2020 ◽  
Vol 2020 (49) ◽  
Author(s):  
Yanina Dymitrowska
Author(s):  
David B. Audretsch ◽  
Albert N. Link ◽  
Mary Walshok ◽  
Thomas Andersson

Author(s):  
Zinaida Shuklina

The article presents the author’s approach to understanding the main problem of national resource supply through the prism of choosing the fundamentals and directions that can move the situation from the dead point, highlighting conceptual ideas and placing emphasis on the development of the country’s economy. Assuming the idea of multiplying, increasing the national wealth of the country, the author considers the availability and structure of resources, the correlation of resource use, income generation and distribution. Countries rich in natural resources are perceived and assessed ambiguously, and in this connection the concepts and concepts of the «curse of resources» and «Dutch disease» appeared in science, the importance of which is reduced to the state management of the economy and resources. The ideas of development can be very different. The statesmen need to make a strategic choice between eroding national sovereignty within the framework of deepening integration into a single world civilization, building up the power and dominating the country as an empire, with a hyper-egoistic orientation only to increase the welfare of ruling elites or dynamically improve the quality of life of Russians with the recognition of the value of each individual at the state level. And this task is not only a constitutional guarantee, but an ideological development, a socio-economic ideology and a worldview. The emergence and adoption of a search strategy for the best solution in the allocation, combination of resources and structuring of the economy, in determining an exceptional resource-technological path for the benefit of the country and the people is extremely relevant. The optimistic scenario is related to synergetic processes in the innovation economy, as in space and time transformations take place in the worldview, creativity and activity, in understanding the role of man in the resource environment, in applying new methods and technologies for managing natural and economic resources, taking into account environmental safety and technological development. Depending on the chosen path, idea, development stage, different resources can be involved, but the development goal should be understood clearly, implemented systematically and in a complex manner.


1999 ◽  
Author(s):  
M. Yvonne Jackson ◽  
Margaret C. Graves

2007 ◽  
pp. 4-27 ◽  
Author(s):  
V. Polterovich ◽  
V. Popov ◽  
A. Tonis

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.


2018 ◽  
pp. 91-110
Author(s):  
Tatiana Kochanova

Тhe subject of this study is the young Republic of South Sudan (RSS), the “young” – both in terms of the age of an independent state, and in terms of its demographic potential. RSS, as a member of the United Nations and as a sovereign state, appeared on the world map in 2011, but, possessing super-rich natural resources, has not yet gained sustainable development, moreover, it fell into a deep military-political crisis. Like most countries of the African continent, South Sudan had real demographic capacity, but the authorities were unable to extract any “demographic dividends” from the truly main national resource for the development of the country’s economy, moreover, the number of refugees of young working age is constantly growing. Through the example of South Sudan, which so hard achieved separation of the South from the North and failed to take advantage of the conquered democratic values, the article explores the understudied problem of modification of the consciousness of the younger generation, dictated both by the specifics of the deep historical and cultural tradition of the South Sudanese nationalities and by new trends in global evolutionary processes. Studying the stories from the lives of multi-member families affected during the military-political conflict in the RSS, the author, based on the facts, strongly criticizes the ineffective, even often vicious, youth policy of the South Sudanese government. On the other hand, analyzing the origins, nature, basic traditional moral and sociocultural aspects of child employment in the region, the researcher finds a reasoned explanation of the cause for such a policy of universal child mobilization and tries to define this phenomenon that has not been studied in the scientific literature before. Summarizing the study of the causes of a humanitarian catastrophe in the RSS, the author, in addition to generally accepted factors that influenced the current situation (such as: the intervention of major world financial players in the affairs of a sovereign state, national discord, the struggle for power and resources), also highlights the subjective and not always correct work of the world information agencies and other mass media and, of course, the incompetent state policy of the leadership of the RSS in the Youth Field. Relying on the positive events of the past few months to resolve the conflict in the RSS, the author is still trying to predict in the foreseeable future the time for growth and development of the Republic of South Sudan, with the proviso that it can happen only in case of the inclusion of restraining leverage and expansion of the range of priorities of the main national resource – the youth.


Author(s):  
Michał Zaremba
Keyword(s):  

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.


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