Abstract

The term “resource curse” refers to the socio-economic problems associated with mineral resources. There is a perception that rich natural resources can be a “curse” rather than a blessing for economic development, and most countries with rich natural resources grow more slowly than countries with scarce resources. The author aims to identify the main causes of the “resource curse” phenomenon as one of the challenges for sustainable development in Russia. The following tasks are set: to analyze the origin of the “resource curse” concept, to study the analysis of Chinese, Russian, and Western researchers about the “resource curse”, to determine the conditions for this phenomenon. Special attention is paid to solving the problem of resource dependence at the regional and state levels, as well as involving cooperation at the global level on the basis of justice, equality and mutual benefit. It is noted that to get out of the “resource trap” you need not only to overcome the traditional “Dutch disease”, but also need to avoid the “American syndrome”. It was concluded that the “resource curse” can be considered as a variety of comparative advantage trap. With the development of new energy sources, countries with rich traditional energy sources face more severe challenges. Their resolution requires comprehensive reform and the creation of new growth pole for sustainable socio-economic development (which is based on political stability), on the other hand, it is necessary to avoid excessive “financialization” of the market economy.

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