A noted European economist argues that the Russian economy and its post-2000 growth have been heavily dependent on natural resources, especially hydrocarbons, and are bound to remain so for some time to come. Given that many economists have come to view rich natural resource endowments as a...

Key Features:Provides a comprehensive coverage of conflicts over energy and non-energy mineralsConnects current events to in-depth historical backgroundIncludes attractive maps, figures, and tables to supplement the broadly accessible text.

We empirically model the causes of corruption and test the economic development-corruption link in energy-rich economies, using data from 48 countries with energy resources. The results indicate that energy abundance may not necessarily hurt economic development in energy-rich countries,...