Exploiting a natural resource in a poor country: the good, the bad and the ugly sides of the Kyrgyz Republic’s gold mine

What is required for a poor country to turn a valuable resource endowment into a driver of development? The resource curse literature highlighted the importance of institutions and the nature of the resource, neither of which is a useful policy guide. A more recent literature views resource exploita...

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Bibliographische Detailangaben
1. Verfasser: Pomfret, Richard 1948- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Regensburg Leibniz Institute for Eastern and Southeastern European Studies May 2018
Schriftenreihe:IOS working papers No. 372
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Zusammenfassung:What is required for a poor country to turn a valuable resource endowment into a driver of development? The resource curse literature highlighted the importance of institutions and the nature of the resource, neither of which is a useful policy guide. A more recent literature views resource exploitation as a series of hurdles that must be negotiated: ensuring production, dividing revenues, and using the added public finance. The Kyrgyz Republic’s Kumtor gold mine is a useful case study in that the country cleared the first hurdle but over almost a quarter century was embroiled in negotiating the second hurdle. The paper assesses the extent to which such problems are inevitable for a small poor country, and the consequences of an extended conflictual process.
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