러시아의 국가전략으로서 북카프카즈 에너지 경제학

Abstract

A Study on the Energy Economics of North Caucasus, as Russian National Strategy The case of North Caucasus is significant in that it is typical of many transition economies generated after the breakdown of the former Soviet Union. Many transition economies, especially on the Caspian region trumpeted by the oil boom, are rich in natural resources, but the benefits of those resources are appropriated by the russian national strategy in collusion with foreign companies. North Caucasus, in particular, is dominated by a series of internal and external networks. Foreign capital nourishes those networks surrounding Caspian region. They, however, turned out to be a major hurdle in the emerging development of the economy. Thus, the case of North Caucasus shows that resource rents in the transition economies sometimes do not help in improving the living conditions of ordinary people. What is worse, Dutch Disease, in which disproportionate growth in a certain energy sector tends to crowd out investment in other sectors of the economy by means of exchange rate appreciation, prevails in those countries. The case of Russia, however, reminds us well that the existence of natural resources alone does not promise the economic prosperity of a nation. Many other factors are required to convert revenues from natural resources into improving the living conditions of region regime.