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https://hdl.handle.net/2440/72915
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Type: | Journal article |
Title: | Resource management and transition in Central Asia, Azerbaijan and Mongolia |
Author: | Pomfret, R. |
Citation: | Journal of Asian Economics, 2012; 23(2):146-156 |
Publisher: | Elsevier BV, North-Holland |
Issue Date: | 2012 |
ISSN: | 1049-0078 1873-7927 |
Statement of Responsibility: | Richard Pomfret |
Abstract: | This paper analyses resource management experiences of seven resource-rich Asian transition economies. The countries' experiences illustrate that a series of hurdles need to be surmounted to benefit from resource abundance, and that neither the similar initial institutions nor those created in the 1990s were immutable. For Uzbekistan and Turkmenistan the ability to earn revenue from cotton exports permitted avoidance of reform. Oil in Azerbaijan and Kazakhstan was associated with large-scale corruption, but with soaring revenues in the 2000s their institutions evolved and to some extent improved. Kyrgyzstan and Mongolia illustrate the challenge facing a small economy with a large potential mineral resource, with the former suffering from competition for rents among the elite and the latter from lost opportunities. © 2011 Elsevier Inc. |
Keywords: | Oil Gas Minerals Central Asia Resource Curse |
Rights: | © 2011 Elsevier Inc. All rights reserved. |
DOI: | 10.1016/j.asieco.2011.08.004 |
Published version: | http://dx.doi.org/10.1016/j.asieco.2011.08.004 |
Appears in Collections: | Aurora harvest Economics publications |
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