"This report is about the twelve countries of the former Soviet Union (Eurasia). About 85 percent of the region?s economic output is in six resource-rich economies. Today, 85 percent of Eurasia?s 280 million people are no longer poor. But academics who study resource-based economies debate whether these countries are cursed or blessed. And Eurasia?s policymakers long for the day when their economies are less extractive and more innovative. These observations prompt questions: Are resources a blessing or a curse? If it is one of these things, what would make it into the other? How much should Eurasia try to diversify their exports and economies away from natural resources? Are there ways to make Eurasian economies both extractive and innovative?
The answers: a large majority of Eurasia?s people should consider themselves blessed. To make sure that this blessing does not become a curse, Eurasian economies have to become efficient?more productive, job-creating, and stable. But efficiency
