Nature's blessing or nature's curse : the political economy of transition in resource-based economies
Akram Esanov, Martin Raiser and Willem Buiter
This paper analyses the reform progress made in the energy-rich states of the Commonwealth of Independent States (CIS), Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan (AKTU for short) and contrasts their development to that in the resource-poor countries at the CIS periphery. The main argument of the paper is that far from being a blessing that would have allowed energy-rich countries to cushion the impact of reforms and thus make faster progress, energy rents have often been wasted or appropriated by the ruling elites. Progress in key structural reforms has in some cases lagged even behind other CIS countries and significant policy challenges need to be addressed if natural resource wealth is not to turn into a curse for the region.
Year of publication: |
January 2004
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Authors: | Esanov, Akram ; Raiser, Martin ; Buiter, Willem H. |
Publisher: |
Bonn, Germany : Center for Development Research |
Subject: | Political Economy | Resource /Energy Economics and Policy | Systemtransformation | Economic transition | Natürliche Ressourcen | Natural resources | Energiereserven | Energy resources | Rohstoffreichtum | Resource wealth | GUS-Staaten | CIS countries | Zentralasien | Central Asia |
Saved in:
freely available
Extent: | 1 Online-Ressource (circa 41 Seiten) |
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Series: | ZEF discussion papers on development policy. - Bonn : ZEF, ISSN 2942-9471, ZDB-ID 2125885-5. - Vol. no. 81 |
Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature |
Language: | English |
Other identifiers: | hdl:10419/84743 [Handle] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10011578160