Improving Relations between a State and a Business Enterprise in the Context of Counteracting Adverse Effects of the Resource Curse

Natural resources play a significant role in the development of global economy. This refers, particular, to strategic fuel and mineral resources. Due limited supply natural lack substitutes for most key world, competition access is feature It would seem that countries which are rich resources, because this huge demand, enjoy spectacular economic prosperity. However, results empirical studies have demonstrated what known as ‘resource curse’. article concentrates on characteristics paradox plenty, particular possibilities preventing phenomenon. The aim identify measures policy with counteract resource curse, based relationship between state extraction business. Upon critical analysis relevant literature, we concluded state’s policy, implemented cooperation business, increasingly important prevention curse. In context optimal consensual instrument, comparison other sharing agreements, production agreement (PSA), should also be adjusted current local conditions given country.