To the question of the ratio of natural resources and economic development of the country

Abstract

This article deals with the impact of the resource wealth of the nature of the country’s economic development.
Interrelations “wealth of natural resources” and “economic growth”, as well as their influence
on each other is widely known in economic science. According to research by many economists, the
presence of rich natural resources for many countries not turns good and inevitable “curse”, which affects
the economic progress and development of the country, manifested in the macroeconomic instability
and low long-term economic growth. In this paper, the main objective is a clear reflection of the role of
natural condition and natural resources in the economy. How territorial features and natural wealth acts
as the government instrument in the economic development of the country as a whole? The article presents
an overview of approaches of a natural resources assessment and classification of natural resources
with the purpose to carry out an economic assessment. At an assessment the main problems comes from
lack of the standard methodology of economic assessment of resources and processes of a resources
consumption and weakness of the corresponding legal, normative-methodical base. It doesn’t allow to
consider and reflect natural resources in structure of national wealth of the country together with the cost
of the fixed production assets, buildings and constructions. In this regard, the main task consists in development
of the general concept of an economic assessment of natural resources which would allow to
develop uniform system of indicators for an assessment of a various nature forming components, which is
optimal from sight of coordination of environmental management and economy interests. Nowadays in
economic science the main approaches of an economic assessment of natural resources are developing
for their reflection in structure of national wealth.
Key words: natural resource, abundance of natural resources, resource wealth, “resource-abundant”
countries, capital, income, raw.