The concept of the resource curse in the conditions of end of “the raw supercycle”
60 75
Keywords:
resource curse, new model of social and economic development, structural crisis, resource superfluous countries – exporter-raw materials,Abstract
There were considered basic provisions of criticism of the concept of resource curse. Attempt of the analysis of the reason of rejection of this criticism by considerable part of scientific community was made. Some tendencies of modern economic science explaining the reasons of upholding of the concept of resource curse in the conditions of a decline of a raw supercycle and other symptoms of structural crisis in world economy were revealed. The author’s position concerning the reasons of loss of relevance of the concept of resource curse in its traditional interpretation was proved. Author’s vision of possible reconsideration of the content of concept of resource curse was formulated.References
1. Russia at the sunset of the Commodity Cycle 2012. Citi Investment Research & Analysis /Citigroup Global Markets p. 35 https://ir.citi.com/8tFDjREnHXef5xj5avhhiHqnZ1tg9KdNqFHd2xUdT0jSb 9zfEYU1w%3D%3D
2. Моделирование и прогнозирование мировой, региональной и национальной динамики. /Руководитель проекта акад. В.А. Садовничий Отв. ред. А. А. Акаев, А. В. Коротаев, Г. Г. Малинецкий, С. Ю. Малков. – М.: Либроком URSS, 2011. – с. 580
3. Corden W.M., Neary J.P. (1982) Booming Sector and De-industrialisation in a Small Open Economy // Economic Journal. Vol. 92, № 368. pp. 825-848
4. Auty R. (2001) Resource Abundance and Economic Development. Oxford: OUP, р. 356
5. Guthrie D. (2007) Commodities super cycle has further to go. MoneyWeek http://www.moneyweek.com/investments/commodities/ commodities-super-cycle-has-further-to-go
6. Russia at the sunset of the Commodity Cycle 2012. Citi Investment Research & Analysis /Citigroup Global Markets p. 35 https://ir.citi.com/8tFDjREnHXef5xj5avhhiHqnZ1tg9KdNqFHd2xUdT0jSb 9zfEYU1w%3D%3D
7. Popper K.R. (2011) The Open Society And Its Enemies, Vol 2, Nabu Press, p. 284
8. Ha-Joon Chang (2012) 23 Things They Don’t Tell You About Capitalism, Publisher: Bloomsbury Press, p. 304
9. Buchanan P.J. (2004) Where the Right Went Wrong: How Neoconservatives Subverted the Reagan Revolution and Hijacked the Bush Presidency , New York : Thomas Dunne Books, p. 264
10. White H. (2004) Markets from Networks: Socioeconomic Models of Production. Princeton: Princeton University Press, р. 416
11. Reinert E. (2007) How Rich Countries Got Rich ... And Why Poor Nations Stay Poor /Carroll & Graf, 365 р. p. 116
12. Coghlan A., MacKenzie D. (2011) Revealed – the capitalist network that runs the world // «New scientist» 19.10.11 // http:// www.newscientist.com
13. Comptroller of the Currency Administrator of National Banks. Annual Report, 2011 // http://www.occ.treas.gov/
14. Ли Шэньмин (2012) Мир находится на пороге больших перемен и потрясений // Хуаньцю шибао, 李慎明：世界正 处于大动荡、大变革前夜 2012-09-20 http://opinion.huanqiu.com/1152/2012-09/3131196.html перевод с китайского на русский:inoСМИ.Ru, 24/09/2012 http://inosmi.ru/world/20120924/199624596.html#ixzz28PxHcCyz
15. Acemoglu D., Robinson J. A. (2012) Why Nations Fail: The origins of Power, Prosperity and Poverty First Edition. New York: Crown Business, р. 529
16. Rethinking the Role of the State in Finance. Global Financial Development Report (2013). Washington: The World Bank – p. 220 http://siteresources.worldbank.org/EXTGLOBALFINREPORT/Resources/8816096-1346865433023/8827078-1346865457422/GDF_2013_Report.pdf
17. Barber B.M., Odean T. (2011)The Behavior of Individual Investors. University of Massachusetts Amherst, http://www.umass. edu/preferen/ Barber-Odean 2011.pdf
18. Engdahl F. W. (2013)The Fracked-up USA Shale Gas Bubble //Сайт “Война и Мир”14.03.13 http://www.warandpeace.ru/en/ exclusive/view/78014/
19. Sharp G. (2010) From dictatorship to democracy: A conceptual framework for liberation. The Albert Einstein Institution, p. 93
20. Khazin M. (2008) Crisis theory. Report for the conference in Modena, Italy http://worldcrisis.ru/crisis/533205
2. Моделирование и прогнозирование мировой, региональной и национальной динамики. /Руководитель проекта акад. В.А. Садовничий Отв. ред. А. А. Акаев, А. В. Коротаев, Г. Г. Малинецкий, С. Ю. Малков. – М.: Либроком URSS, 2011. – с. 580
3. Corden W.M., Neary J.P. (1982) Booming Sector and De-industrialisation in a Small Open Economy // Economic Journal. Vol. 92, № 368. pp. 825-848
4. Auty R. (2001) Resource Abundance and Economic Development. Oxford: OUP, р. 356
5. Guthrie D. (2007) Commodities super cycle has further to go. MoneyWeek http://www.moneyweek.com/investments/commodities/ commodities-super-cycle-has-further-to-go
6. Russia at the sunset of the Commodity Cycle 2012. Citi Investment Research & Analysis /Citigroup Global Markets p. 35 https://ir.citi.com/8tFDjREnHXef5xj5avhhiHqnZ1tg9KdNqFHd2xUdT0jSb 9zfEYU1w%3D%3D
7. Popper K.R. (2011) The Open Society And Its Enemies, Vol 2, Nabu Press, p. 284
8. Ha-Joon Chang (2012) 23 Things They Don’t Tell You About Capitalism, Publisher: Bloomsbury Press, p. 304
9. Buchanan P.J. (2004) Where the Right Went Wrong: How Neoconservatives Subverted the Reagan Revolution and Hijacked the Bush Presidency , New York : Thomas Dunne Books, p. 264
10. White H. (2004) Markets from Networks: Socioeconomic Models of Production. Princeton: Princeton University Press, р. 416
11. Reinert E. (2007) How Rich Countries Got Rich ... And Why Poor Nations Stay Poor /Carroll & Graf, 365 р. p. 116
12. Coghlan A., MacKenzie D. (2011) Revealed – the capitalist network that runs the world // «New scientist» 19.10.11 // http:// www.newscientist.com
13. Comptroller of the Currency Administrator of National Banks. Annual Report, 2011 // http://www.occ.treas.gov/
14. Ли Шэньмин (2012) Мир находится на пороге больших перемен и потрясений // Хуаньцю шибао, 李慎明：世界正 处于大动荡、大变革前夜 2012-09-20 http://opinion.huanqiu.com/1152/2012-09/3131196.html перевод с китайского на русский:inoСМИ.Ru, 24/09/2012 http://inosmi.ru/world/20120924/199624596.html#ixzz28PxHcCyz
15. Acemoglu D., Robinson J. A. (2012) Why Nations Fail: The origins of Power, Prosperity and Poverty First Edition. New York: Crown Business, р. 529
16. Rethinking the Role of the State in Finance. Global Financial Development Report (2013). Washington: The World Bank – p. 220 http://siteresources.worldbank.org/EXTGLOBALFINREPORT/Resources/8816096-1346865433023/8827078-1346865457422/GDF_2013_Report.pdf
17. Barber B.M., Odean T. (2011)The Behavior of Individual Investors. University of Massachusetts Amherst, http://www.umass. edu/preferen/ Barber-Odean 2011.pdf
18. Engdahl F. W. (2013)The Fracked-up USA Shale Gas Bubble //Сайт “Война и Мир”14.03.13 http://www.warandpeace.ru/en/ exclusive/view/78014/
19. Sharp G. (2010) From dictatorship to democracy: A conceptual framework for liberation. The Albert Einstein Institution, p. 93
20. Khazin M. (2008) Crisis theory. Report for the conference in Modena, Italy http://worldcrisis.ru/crisis/533205
Downloads
How to Cite
Ongdash, A. O., & Elemesov, R. E. (2015). The concept of the resource curse in the conditions of end of “the raw supercycle”. Journal of Economic Research &Amp; Business Administration, 99(5), 7–14. Retrieved from https://be.kaznu.kz/index.php/math/article/view/425
Issue
Section
ECONOMICS
