The Сoncept «Сurse of Natural Resources» and Prospect of Economic Development of the Republic of Kazakhstan

Authors

  • A. Ongdash Al-Farabi Kazakh National University
  • E. Ongdashuly Al-Farabi Kazakh National University

Keywords:

resource curse, economy, national currency, non-renewable resource, welfare

Abstract

The theoretical and practical analysis of the concept «the resource curse» was carried out, the characteristic of this concept was given with reference to the Kazakhstan economy. On the basis of this analysis of statistics the conclusions was made about presence of signs of «the resource curse» and the ways of its overcoming were given.

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