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00000000000000.0 |
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180616 ||| eng |
| 100 |
1 |
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|a Ahrend, Rudiger
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| 245 |
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|a How to Sustain Growth in a Resource Based Economy?
|h Elektronische Ressource
|b The Main Concepts and their Application to the Russian Case
|c Rudiger, Ahrend
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| 246 |
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|a Comment soutenir la croissance dans une économie fondée sur l'exploitation des ressources naturelles ? : Les principaux concepts et leur application au cas de la Russie / Rudiger, Ahrend
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| 246 |
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|a Comment soutenir la croissance dans une économie fondée sur l'exploitation des ressources naturelles ?
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| 260 |
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|a Paris
|b OECD Publishing
|c 2006
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| 300 |
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|a 33 p.
|c 21 x 29.7cm
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| 653 |
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|a Economics
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| 653 |
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|a Russian Federation
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b OECD
|a OECD Books and Papers
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| 490 |
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|a OECD Economics Department Working Papers
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| 024 |
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|a /10.1787/622880627053
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| 856 |
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|a oecd-ilibrary.org
|u https://doi.org/10.1787/622880627053
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a In recent years economists have come to see rich natural resource endowments as a ?curse? or ?precious bane? that inevitably undermines development and slows economic growth. Resource-based development undeniably involves important risks. Nonetheless, the resource curse - if it exists - is at least no fatalité, as the examples of Australia, Canada and the Scandinavian countries demonstrate. This paper argues that the serious challenges posed by resource-dependence, which include an increased vulnerability to external shocks, the risk of ?Dutch disease?, and the risk of developing specific institutional pathologies, can be overcome, or at least very substantially mitigated, if accompanied by the right economic policies. It then analyses in detail what these ?right? economic policies are, and how to set up economic and political framework conditions to facilitate their successful implementation. The paper thereafter looks specifically at Russia as a prominent example of a resource-based economy. It investigates briefly the main drivers of Russian growth in recent years, and makes specific recommendations that would help the Russian economy to sustain high growth
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