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How to Sustain Growth in a Resource Based Economy (The Main Concepts and their Application to the Russian Case)

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  • R. Ahrend

Abstract

In recent years economists have come to see rich natural resource endowments as a "curse" that inevitably slows economic growth. Nonetheless, as the examples of a number of countries show, this situation is not fatal. The article argues that serious challenges posed by resource dependence can be overcome if accompanied by the right economic policies. The paper looks specifically at Russia as a prominent example of a resource-based economy and makes recommendations that would help it to sustain high growth.

Suggested Citation

  • R. Ahrend, 2006. "How to Sustain Growth in a Resource Based Economy (The Main Concepts and their Application to the Russian Case)," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 7.
    • Handle: RePEc:nos:voprec:y:2006:id:1757
    DOI: 10.32609/0042-8736-2006-7-24-36
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