Resource curse means that abundant natural resources doesn't accelerate the economic growth, instead of limiting the long-term economic growth. International economists have been looking for the transmission mechanism, and formed a number of different views. Some people attributed the reason to the long-term deterioration of terms of trade, and some thought it was because of the Dutch Disease, while some thought it was because of the insufficiency of the human capital investment, and others thought that abundant natural resources brought the rent-seeking and corruption. The authors change the traditional thinking, and explain the transmission mechanism from the impact of abundant natural resources on production advantage, financial advantage and strategic advantage based on the theories of advantage integration. In the authors' opinion, with the deepening of economic globalization and the development of science and technology, the role of natural resources itself is declining, and abundant natural resources make human resources and technical advantage lose, thus reducing the production advantage; abundant natural resources weaken financial advantage through the changes in the exchange rate; abundant natural resources has also affected a country's or a region's trade strategy, political strategy and human resources strategy, thus lowering the strategic advantage. The impact of abundant natural resources on the three major advantages reduces a country's or a region's ability to integrate advantage, and restrain economic growth, thereby resulting in the phenomenon of resource curse. Finally, authors make the empirical research, and propose some policy suggestions to avoid resource curse.
|Translated title of the contribution||Analysis on the phenomenon of resource curse based on the theories of advantage integration|
|Number of pages||6|
|Journal||Zhongguo Renkou Ziyuan Yu Huan Jing/ China Population Resources and Environment|
|Publication status||Published - 2009|
- Advantage integration
- Analysis of the phenomenon
- Resource curse