Diversified Development : Making the Most of Natural Resources in Eurasia

Development policy discussions in Eurasia often become debates about how economies can be made more diversified. For a region that is resource-rich, this is to be expected. But Eurasian economies have in many ways become less diversified during the past two decades. At the same time, people are much better off today than they were in the 1990s: poverty has been cut in half, incomes have increased fivefold, and education and health have improved noticeably since the tumultuous days following the collapse of communism. Eurasia's economies have become more efficient: they are more integrated with

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Year of publication:	1905
Authors:	Gill, Indermit S.
Other Persons:	Izvorski, Ivailo (contributor) ; van Eeghen, Willem (contributor)
Publisher:	Washington : World Bank Publications

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Extent:	Online-Ressource (400 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Cover; Contents; Foreword; Acknowledgments; Abbreviations and Country Groups; Country Codes and Names; Overview: Making the Most of Natural Resources in Eurasia; Figures; 0.1. Three dozen countries, three ways to integrate and grow; A blessing, undisguised; 0.2. Natural resources have served Eurasia well; 0.3. Poverty has fallen to half of what it was in the 1990s; Boxes; 0.1. Not so fast-measuring diversification is difficult; B0.1.1. Export product concentration has increased, especially in resourcerich countries B0.1.2. Eurasia's six resource-rich economies are ranked in the top 60 worldwide0.4. Diversification is neither necessary nor sufficient for development; "High-beta" economies; 0.5. More trade with Europe, growing imports from East Asia; 0.6. Trade with East Asia is becoming less costly, but trade with Western Europe is still cheaper; 0.7. Resource-related trade outside Eurasia has made exports less diversified; 0.8. Trade with East Asia has higher technology content; 0.9. More jobs in services, fewer in industry; 0.10. In hydrocarbon-heavy economies, production has become less diversified 0.11. Productivity growth is higher in Eurasia, but so is economic volatility0.12. Economic diversification does not increase economic efficiency; "Genuine" savers; 0.13. The composition of natural resources varies by country; 0.14. The Gulf is the most resourcerich part of the world; 0.15. Resource-rich Eurasia is more dependent on natural resources than advanced economies are; 0.16. Governments in Eurasia have become more dependent on resources; 0.17. Eurasia has only recently become efficient in converting resources into capital; 0.18. Quality of physical capital still lags 0.19. Resource-poor Eurasia has effected a huge increase in physical capital0.20. Resource-rich Eurasia invests half as much as East Asia; 0.21. The Russian Federation's education outcomes are the exception; 0.22. Public spending on education in many Eurasian countries is less than in East Asia; "Intangible" capitalism; 0.23. Risking the "Dutch disease" in Azerbaijan; 0.24. Kazakhstan's economic management is better; 0.2. Eurasia's financial sector-banks too big to fail and too stingy for smaller enterprises; B0.2.1. Low deposits; B0.2.2. Lousy loans 0.25. Governance in Eurasia is weak across the board0.26. Eurasia needs to make regulatory processes better; 0.27. Domestic competition is muted; 0.28. What really matters: built capital and economic institutions; Making more miracles; 0.29. To succeed, resource-rich emerging economies have to build institutions sooner; 20 questions, 20 answers . . .; Notes; Bibliography; Chapter One: Diversifying Naturally; 1.1. The resource curse, Dutch disease, and the voracity effect in Eurasia; Natural resources have served Eurasia well 1.1. Until the crisis, Eurasia's economies were growing at rates similar to East Asia's
ISBN:	978-1-4648-0119-8 ; 978-1-4648-0120-4 ; 978-1-4648-0119-8
Source:	ECONIS - Online Catalogue of the ZBW

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