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PONARS Eurasia
PONARS Eurasia
  • About
    • Contact
    • List of Members
    • Ukraine Experts
    • About Membership
    • Executive Committee
  • Policy Memos
    • List of Policy Memos
    • Submissions
  • Podcast
  • Online Academy
  • Events
    • Past Events
  • Recommended
  • Ukraine Experts
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  • Policy Memos | Аналитика
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A Curse or a Blessing?: What to Expect from a Typical Developing Resource-Abundant State

  • July 23, 2012
  • Vladimir Popov

It might seem obvious that a country endowed with larger quantities of natural resources has an advantage and, other conditions being similar, will grow faster than resource-poor countries. This is not the case, however. Between 1960 and 1990, the per capita incomes of resource-poor states grew two to three times faster than the per capita income of resource-abundant states, and this gap in growth rates appears to be widening with time. This surprising phenomenon has become a subject of intensive research, both empirical and theoretical. Hundreds of papers have been published supporting the “resource curse” thesis and offering new explanations of mechanisms and effects that inhibit growth in resource-rich economies. Several recent papers, however, question the very existence of the “resource curse” and make it necessary to reconsider the hypotheses about the impact of resource abundance on economic growth. […]

More (PDF)

Memo #:
32
Series:
2
PDF:
pepm_032.pdf
PDF URL:
http://www.gwu.edu/~ieresgwu/assets/docs/pepm_032.pdf
Vladimir Popov
Vladimir Popov
Website | + posts
Research Director, Dialogue of Civilizations Research Institute (Berlin); Principal Researcher, Russian Academy of Sciences; Professor Emeritus, New Economic School; Adjunct Research Professor, Carleton University
Affiliation

Dialogue of Civilizations Research Institute, Berlin
Links

New Economic School (Bio), Carleton University (Bio), Dialogue of Civilizations Research Institute
Expertise

Economics of Development and Transition, Economic Growth, Russia, China
  • Vladimir Popov
    https://www.ponarseurasia.org/members/vladimir-popov/
    Learning from Asia: How to Handle Coronavirus Economic Recessions
  • Vladimir Popov
    https://www.ponarseurasia.org/members/vladimir-popov/
    When Life Expectancy Is Falling: Mortality Crises in Post-Communist Countries in a Global Context
  • Vladimir Popov
    https://www.ponarseurasia.org/members/vladimir-popov/
    Does the Middle East Have What it Takes to Progress?
  • Vladimir Popov
    https://www.ponarseurasia.org/members/vladimir-popov/
    Free Trade’s Diminishing Returns
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