Οι επιδράσεις της κατάρας των πόρων και της ολλανδικής ασθένειας στην οικονομία της Ρωσίας και της Νορβηγίας : μια συγκριτική προσέγγιση
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Keywords
Φυσικοί πόροι ; Κατάρα των πόρων ; Ολλανδική ασθένεια ; Διεθνής πολιτική οικονομία ; Ρωσία ; Νορβηγία ; Οικονομική μεγέθυνση ; Πλούτος ; Φτώχεια ; Βιοτικό επίπεδο ; Μακροοικονομικά μεγέθη ; Natural resources ; Resource curse ; Dutch disease ; International political economy ; Norway ; Russia ; Economic growth ; Wealth ; Poverty ; Standard of living ; Macroeconomic fundamentalsAbstract
Worldwide, natural resources have an effect on economic growth and improving the standard of living of their inhabitants. In some occasions this effect could be negative. More specifically, the "resource curse" as it is referred to the literature, presents the following grim relationship: countries with large reserves of natural resources generally experience lower economic growth than other countries. The possession of natural resources can be either a blessing or a curse for a country, depending on the way they implemented their exploitation as well as the general economic, social and political environment to be configured. We often notice that the ownership and the management of natural resources is associated with elevated levels of corruption, lack of democratic institutions and low economic growth. This thesis examines if the resource curse and Dutch disease exists at two completely different economies, the Russian and the Norwegian, in the light of International Political Economy. Moreover, we perform a study about the key macro-economic figures of the two countries, the resource management, the revenue derived from them, as well as the effects caused by changes in oil prices, particularly the reductions. Furthermore, we present the conclusions about the effect of the curse of resources in each economy, considering their similarities and highlighting the differences in the above economic models. Finally, we present some proposals to address the negative consequences of the natural resources.