Aleksandr BerenovPublished in:
Russian Journal of Entrepreneurship
– № 21 / November, 2012



Keywords: «resource curse», civil wars, economic growth, natural resources, problems of the resource-based economies, rent-based behaviour of the country’s leadership


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Abstract:

In the article the main theoretic approaches to resource-based development of countries are analysed. The points of view of the foreign scientists who explored the resource-based economy problems are given. The conclusion is done, that the trap of the resource curse is avoidable if the state institutions are developed enough.

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