Nature's blessing or nature's curseThe political economy of transition in resource-based economies
Nature's blessing or nature's curse
The political economy of transition in resource-based economies
View/Date of Publication
01.2004Publisher
Center for Development Research (ZEF), University of BonnPublisher Location
BonnMetadata
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Citable Link (Handle URI) 
https://hdl.handle.net/20.500.11811/12316
Abstract
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.
Classification (DDC)
300 Sozialwissenschaften, Soziologie, Anthropologie 320 Politik 330 WirtschaftFirst Publication
https://www.zef.de/fileadmin/user_upload/zef_dp81.pdfPart of Series
ZEF-Discussion Papers on Development Policy ; 81Esanov, Akram; Raiser, Martin; Buiter, Willem: Nature's blessing or nature's curse : The political economy of transition in resource-based economies. Bonn: Center for Development Research (ZEF), University of Bonn, 2004. In: ZEF-Discussion Papers on Development Policy, 81.
Online-Ausgabe in bonndoc: https://hdl.handle.net/20.500.11811/12316
Online-Ausgabe in bonndoc: https://hdl.handle.net/20.500.11811/12316
@techreport{handle:20.500.11811/12316,
author = {{Akram Esanov} and {Martin Raiser} and {Willem Buiter}},
title = {Nature's blessing or nature's curse : The political economy of transition in resource-based economies},
publisher = {Center for Development Research (ZEF), University of Bonn},
year = 2004,
month = jan,
series = {ZEF-Discussion Papers on Development Policy},
volume = 81,
note = {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.},
url = {https://hdl.handle.net/20.500.11811/12316}
}
author = {{Akram Esanov} and {Martin Raiser} and {Willem Buiter}},
title = {Nature's blessing or nature's curse : The political economy of transition in resource-based economies},
publisher = {Center for Development Research (ZEF), University of Bonn},
year = 2004,
month = jan,
series = {ZEF-Discussion Papers on Development Policy},
volume = 81,
note = {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.},
url = {https://hdl.handle.net/20.500.11811/12316}
}
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