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Resource management and transition in Central Asia, Azerbaijan and Mongolia

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  • Pomfret, Richard

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.

Suggested Citation

  • Pomfret, Richard, 2012. "Resource management and transition in Central Asia, Azerbaijan and Mongolia," Journal of Asian Economics, Elsevier, vol. 23(2), pages 146-156.
  • Handle: RePEc:eee:asieco:v:23:y:2012:i:2:p:146-156
    DOI: 10.1016/j.asieco.2011.08.004
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    References listed on IDEAS

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    Cited by:

    1. Kjetil Bjorvatn & Tina Søreide, 2014. "Corruption and competition for resources," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 21(6), pages 997-1011, December.
    2. Horváth, Roman & Zeynalov, Ayaz, 2016. "Natural resources, manufacturing and institutions in post-Soviet countries," Resources Policy, Elsevier, vol. 50(C), pages 141-148.
    3. Jeffrey D. Wilson, 2015. "Multilateral Organisations and the Limits to International Energy Cooperation," New Political Economy, Taylor & Francis Journals, vol. 20(1), pages 85-106, February.
    4. repec:gam:jecomi:v:5:y:2017:i:2:p:19-:d:101264 is not listed on IDEAS
    5. Yuldashev, Farhod & Sahin, Bahadir, 2016. "The political economy of mineral resource use: The case of Kyrgyzstan," Resources Policy, Elsevier, vol. 49(C), pages 266-272.

    More about this item

    Keywords

    Natural resources; Central Asia; Mongolia;

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • P35 - Economic Systems - - Socialist Institutions and Their Transitions - - - Public Finance
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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