Natural Resources and Socio-Economic Progress

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.

"ресурсное проклятье", "парадокс изобилия", "голландская болезнь», «эффект Гронингена», "resource curse", "paradox of plenty", volatility of export revenues, structural development problems, systemic development problems, sustainability of economic backwardness, multistructural and multisectoral character of the economy, terms of foreign trade, national elites, rent-oriented behavior, lobbing, a resource movement effect, a spending effect? trade liberalization effect, imperfect substitution, "Dutch disease", Groningen effect, sovereign wealth funds

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