Resource management and transition in Central Asia, Azerbaijan, and Mongolia
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2011-06
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Honolulu, HI : East-West Center
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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.
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Keywords
Natural resources - Azerbaijan - Management, Natural resources - Mongolia - Management, Natural resources - Uzbekistan - Management, Natural resources - Turkmeninstan - Management, Natural resources - Kazakhstan - Management, Natural resources - Kyrgyzstan - Management, Resource-based communities - Asia, Central, Resource-based communities - Azerbaijan, Resource-based communities - Mongolia
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29 p.
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