The argument of natural resources’ curse explains that natural resource wealth of the country, leading to a kind of inertia in the economy causes “spendthrift” position. Accordingly, in the first place, the discovery of natural resources and its price rise have positive repercussions on country’s income and welfare. In the long run, obtained this easy enrichment may well lead to remain barren of other sectors and also affect negatively on diversification of national income and export in natural resource-rich countries. In this study, along with the collapse of the former eastern bloc, the functioning of the argument of natural resources’ curse in the natural resources-rich four transition economies, as the subject of descriptive study was conducted. In the literature of natural resources’ curse, with creating crowding-out effect, natural resources income might well brake to the development of other sectors. In addition, this situation is defined such that with increasing weight of defense industry among other sectors in aggregate income and employment, also not transferred to the social and physical infrastructure investment, particularly in education. In this study, it is examined whether there is oil prices sensitivity on the export, employment, public expenditure and national income in natural resource-rich transition economies. From the analysis results, it can be said that there is significant movements between oil prices and chosen variables and considering those findings, strong/powerful of natural resources’ curse is on process for chosen transition economies.

It is a theoretical fact that countries in which foreign direct investments (FDI) are realized by trans-national corporations for the purpose of profit should have some economical and institutional pull factors. This study examines whether Chinese FDI in African countries is supported theoretically by the economic and institutional factors of these African countries or whether these investments instead serve mercantilist policies of China independently of these factors. With this in mind, we examined the effect of the GDP, trade openness, natural resource rents and some institutional indicators of the host African countries on the Chinese foreign direct investments within the period 2003-2017 for 10 African countries. We used Swamy's random coefficient panel regression method due to the heterogeneity of these 10 African countries. The empirical results show that China makes foreign direct investments in Africa for market and resource-seeking purposes which display significant elements of a "chopsticks" mercantilist policy.

Together with the destruction of Berlin Wall in 1989 and fall of The Soviets 1991, one of the basic problems of transition economies is the matter of high inflation. The underlying factor of the high and/or hyperinflation process is the rupture of input relations and its negative supply shocks. Emergence of inflationary structure brought irregularity in macroeconomic indicators, too. Many structural adjustments were created in order to lighten the effects of transition process; and improvements were tried to be done in economic indicators such as inflation interest, budget balance and foreign debt which is the reflection of current deficit. In efforts for improving basic economic indicators Maastricht criteria were accepted as the basic criteria due to the fact that they are compulsory for membership process for some transition economies and others optionally accepted them as they are examples. Therefore, in this study based on Maastricht criteria, the convergence of transition economies to these criteria were accepted as success indicator and concordantly it was studied in which proportion the policy implementations are/aren’t successful or whether they correspond to theoretical expectations. In this study it was aimed to test the matter of fact which is accepted as criteria convergence in literature and with panel data analysis it was tried to reveal whether convergence come true in terms of criteria. Hence, the difference between the countries that provided discipline and those do not provided it is found and its effects to development performance is clearly determined.

The growth model developed by Lewis depends on availability of cheap and sustainable labor and this can be explained by a country on the path of industrialization, rural / urban population in the agricultural sector / industry is the labor store. In this approach, which is based on in particular the labor-intensive growth model, the labor demand that the investments will need, will be met by the rural labor store. In Lewis's model, it is important to prevent uncontrolled migration to the urban area in order for the mechanism to function. This, however, is only possible with a very authoritarian government aspect. In this framework, China's industrialization process is worthy of examination in the Lewis model's perspective. In the study, urbanization and its dynamics were analyzed in China between 1960 and 2015 by RStduio programming. Thus, research has been conducted on how long the industrialization of China, which constitutes the dynamics of economic development, can be sustained by the function of rural workforce storage. According to the analysis by the HoltWinters method, it can be said that the Chinese economy's growth form based on the labor store will continue for the next 20 years. However, according to findings, it can be argued that when China reaches the limits of this growth form, socio-economic inertia will become inevitable if it does not push the capital-intensive and transition to technology-containing growth phase.

The emphasis on entrepreneurship with the importance for economic growth and development is increasing day by day. This situation is particularly feeding the level of development, but also providing to have high level of economic, social, technological and cultural infrastructure in developed countries. In other words, this is particularly the level of sophistication feeding, but also in developed countries, economic, technological, social and cultural infrastructures are also leading to a high level of entrepreneurship. In other words, more entrepreneurial individuals grow in the country which has economic and social conditions in relevant level and this increase the importance of determination on the performance of economic growth. In this study, until the 1990s, private enterprise was almost zero in 1991 to the former socialist countries with the transition process relations of production and consumption was abandoned from planned economy conditions to in the conditions of market economy. In this aspect, the factors affecting economic growth, entrepreneurship and employment variables are the level of savings. After econometric analysis, all independent variables are found significant and the impacts of those variables on economic growth are examined positive. This showed that entrepreneurship took a place as an important factor on growth performance of countries in development such as labour and capital.