Open AccessNatural Resources and Socio-Economic Progress
Author(s) -
Лариса Михайловна Капица
Publication year - 2014
Publication title -
vestnik mgimo-universiteta
Language(s) - English
Resource type - Journals
eISSN - 2541-9099
pISSN - 2071-8160
DOI - 10.24833/2071-8160-2014-4-37-168-186
Subject(s) - dutch disease , backwardness , resource curse , industrialisation , natural resource , diversification (marketing strategy) , protectionism , curse , economics , resource (disambiguation) , development economics , economic system , international trade , economic growth , political science , business , market economy , sociology , marketing , anthropology , law , computer science , computer network
The article reviews international debates on development problems of the resource-based economies. It draws atten tion to causes and mechanisms of the so-called "resource curse" and symptoms of systemic breakdowns and stagnant phenomena in resource-based economies named "Dutch disease". Specific attention is given to the role of national elites and institutions in the emergence of "Dutch disease", preservation of economic backwardness and/or de-industrialization of resource-rich countries. The author also considers new approaches to resolving the problem of'resource-curse", in particular, return to traditional instruments of economic diversification as industrialization and protectionism.