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Diversified development : making the most of natural resources in Eurasia, Volume 1
Author:Gill, Indermit S.; Izvorski, Ivailo; Eeghen, Willem van; Rosa, Donato De; Country:Europe; Asia;
Date Stored:2014/02/28Document Date:2014/01/01
Document Type:PublicationSubTopics:Transport Economics Policy & Planning; Economic Theory & Research; Banks & Banking Reform; Investment and Investment Climate; Public Sector Economics
Region:East Asia and Pacific; Europe and Central Asia; South AsiaReport Number:85417
Collection Title:Europe and Central Asia StudiesVolume No:1

Summary: This report is about the twelve countries of the former Soviet Union (Eurasia). About 85 percent of the region's economic output is in six resource-rich economies. Today, 85 percent of Eurasia’s 280 million people are no longer poor. But academics who study resource-based economies debate whether these countries are cursed or blessed. And Eurasia’s policymakers long for the day when their economies are less extractive and more innovative. These observations prompt questions: Are resources a blessing or a curse? If it is one of these things, what would make it into the other? How much should Eurasia try to diversify their exports and economies away from natural resources? Are there ways to make Eurasian economies both extractive and innovative?

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