Reforming a Large Resource-Abundant Transition Economy: Russia

Anil. Markandya and Alina Averchenkova

in Resource Abundance and Economic Development

Published in print October 2004 | ISBN: 9780199275786
Published online April 2005 | e-ISBN: 9780191602160 | DOI:

Series: WIDER Studies in Development Economics

Reforming a Large Resource-Abundant Transition Economy: Russia

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This chapter examines the contribution of Russia’s rich natural resource endowment to the slow progress of economic reform. Resource abundance caused social conflict, since the benefits were unequally distributed. The process of reform increased inequality, and the presence of rents slowed down institutional reforms in key areas.

Keywords: Russia; economic reform; resource-abundant countries; natural resources; transition economies

Chapter.  7928 words. 

Subjects: Economic Development and Growth

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