A PLAN TO KEEP THE SOURCES OF GROWTH ACTIVATED FOR THE LONG RUN IN RESOURCE-ABUNDANT COUNTRIES: THE CASE OF KOSOVO
A PLAN TO KEEP THE SOURCES OF GROWTH ACTIVATED FOR THE LONG RUN IN RESOURCE-ABUNDANT COUNTRIES: THE CASE OF KOSOVO

Summary/Abstract: The long term growth in a country rich with oil or minerals is to be derived from the quality of its public institutions. Government controlled wealth stored in raw materials is known for feeding corruption and putting economies off of their optimal growth path. The main research question is the following: could welfare-improving public governance in a resource abundant country be maintained through making sound decisions concerning the quality of education? A national action plan emphasizing human capital growth through education is proposed. Given its demographics, Kosovo is in the right place to embark on a path of becoming a better-aware society in the horizon of two to three full cycles of compulsory education's time. To prevent the Kosovar society of becoming forsaken due to human capital flight, it is necessary that those who have the potential of forming elites remain in the country. The raw material abundance is predestined to act as a retarder in the country's development if no action is taken. To keep its curse unfulfilled, sound public policies need to be put in place. By achieving this through education, Kosovo could keep its growth – once activated – above the global average.

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