An analysis of the resource curse

WHAT IS THE RESOURCE CURSE?

It is often seen that countries with natural resources are in slow democratization and modernization. Despite their natural resources, these countries cannot make the necessary democratic progress. Unlike countries such as America and Canada, the curse of natural resources for Eurasian countries and Middle Eastern countries effectively manifests itself. The development and development of countries depend on the efficient and effective use of resources. The country uses its resources in the fields of investment, seconds, and research and development. In this way, the country develops. The role of production at this stage is also undeniably large. The country that holds the raw material, which is the main input of production, has an advantage over the others. Some countries have advantages in the field of energy. These are usually fossil fuels and mines. In addition to having these resources, it is also very important how and for what purpose they are used. If the country is rich in natural resources and has only developed itself in this field and has not shown the necessary importance to other areas such as services, problems will arise in natural resource reduction and other sectors over time. These problems will cause crises to occur over time and the economy to get worse. There are various studies on this subject. Sachs and Werner have stated that there may be an economic disadvantage in countries where natural resources are abundant. This study was eventually renamed "The Curse of Natural Resources". With this study, criteria such as natural resource use and consequence democratization and socioeconomic development were examined for Tajikistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Saudi Arabia, Qatar, Iran, United Arab Emirates, and Russia.

WHICH CONCEPTS ARE IMPORTANT?

The theory of the welding curse entered our lives with studies in 1995 and it was determined that countries rich in natural resources grew more slowly than countries with fewer natural resources. The 19th and 20th century, the 19th and 20th century were the most It cannot be ignored that countries that are poor in natural resources, such as Switzerland and Japan in the 19th century, have performed much better than many natural resource-rich countries such as South Korea, Taiwan, Hongkong and Singapore, which have become newly industrialized in natural resource-poor Asia in the last 50 years.