The Role and Importance of the Mineral Resource Complex for National Economies: Solid Minerals

Abstract

As the economy grows, it becomes more difficult for the emerging economies to maintain a high stable rate of economic development, primarily due to the increase in the production of mineral raw materials, expansion of mineral export, and the recovery of mineral rent. However, despite the fact that the direct contribution of mining and processing of solid minerals to the national economy is decreasing, the mineral resource complex has acquired a new function of providing related industries with the required mineral raw materials, it remains an important factor of further accelerated economic growth, contributes to the state budget, participates in solving the employment problem, and creates multiplicative scale effects in the economy.