Abstract

  


 



Lessons of the Spanish Empire, or the Curse of Resource Abundance


Vladimir Mau


Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
July 26, 2012


Abstract:     
The role of natural resources in contributing to stable economic development is of growing interest to economists and politicians. In evaluations of the prospects for development of a given country it was once assumed that rich natural resources and a vast territory provided favorable conditions for successful socio-economic development. However, in recent decades this assumption has been qualified: it is now realized that these conditions create only the potential for growth, whereas actual economic development can turn out to be unimpressive

Number of Pages in PDF File: 18

Keywords: natural resource, socio-economic development, Sain in16-17 centuries

JEL Classification: N53, N73, N83

working papers series


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Date posted: July 27, 2012  

Suggested Citation

Mau, Vladimir, Lessons of the Spanish Empire, or the Curse of Resource Abundance (July 26, 2012). Available at SSRN: http://ssrn.com/abstract=2117758 or http://dx.doi.org/10.2139/ssrn.2117758

Contact Information

Vladimir Mau (Contact Author)
Gaidar Institute for Economic Policy ( email )
Gazetny pereulok, 3-5
Moscow, 125993
Russia
Russian Presidential Academy of National Economy and Public Administration ( email )
Varnadskogo Avenue,82
Moscow, Volgograd region 119571
Russia
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