: Economic Development and Natural Resources: A Literature Review In The Transition Countries It is a common concept that in natural resources rich countries this natural capital reinforces economic development and increases growth performance But the evidence introduced so far indicates that economic growth has decreased in natural resources rich countries There are many country examples in which the richness of natural resources have not accelerated economic development This stuation has attracted many economists’ attention and although not being a concensus there are many theoretical explanation on this topic One of these explanation is Dutch Disease The term of Dutch Disease DD is used to describe negative effects of high yielded natural resources findings in any country on manufacturing industry In the Transition Economies context some evidence and indicators have been found about this issue Only a few of these Transition Cuntries are rich in term of natural resources The findings from the empirical literature on these countries indicates natural resources rich Transition Countries are exposed to negative effects and DD effects Keywords: Economic Development Natural Resources Transition Countries
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