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Resource management and transition in Central Asia, Azerbaijan, and Mongolia

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Title:Resource management and transition in Central Asia, Azerbaijan, and Mongolia
Authors:Pomfret, Richard
LC Subject Headings:Natural resources - Azerbaijan - Management
Natural resources - Mongolia - Management
Natural resources - Uzbekistan - Management
Natural resources - Turkmeninstan - Management
Natural resources - Kazakhstan - Management
show 4 moreNatural resources - Kyrgyzstan - Management
Resource-based communities - Asia, Central
Resource-based communities - Azerbaijan
Resource-based communities - Mongolia
show less
Date Issued:Jun 2011
Publisher:Honolulu, HI : East-West Center
Series:East-West Center working papers. Economics series ; no.118
Abstract:This paper presents a comparative analysis of resource-rich Asian transition economies. 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. Overall the countries illustrate that a resource curse is not inevitable among transition economies, but a series of hurdles need to be surmounted to benefit from resource abundance. Neither the similar initial institutions nor those created in the 1990s are immutable.
Description:For more about the East-West Center, see
Pages/Duration:29 p.
Appears in Collections: Economics [Working Papers]

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