Are Resources A Curse

Author : Syed Mansoob Murshed
Publisher : Agenda Publishing
Page : 172 pages
File Size : 53,7 Mb
Release : 2018
Category : Business & Economics
ISBN : UCSD:31822043109610

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The Resource Curse by Syed Mansoob Murshed Pdf

The "resource curse," or "paradox of plenty," refers to the long-established notion central in development economics that countries rich in natural resources, particularly minerals and fuels, perform less well economically than countries with fewer natural resources. In other words, resources are an economic curse rather than a blessing. This short primer explores the complexities of this idea and the debates that surround it, in particular under what conditions the resource curse might operate, if not universal. Discussion ranges over the nature of resource booms, the benefits and costs of export-led growth, the problems of deindustrialization and manufacturing base erosion, rent-seeking behavior and corruption, and the empirical evidence of the effects of natural resource dependence on growth. The treatment is nontechnical and accessible, drawing throughout on a range of illustrative examples from across the developed and developing world. The Resource Curse offers an authoritative introduction to one of the most perplexing issues of economic growth.

Author : Cullen S. Hendrix,Marcus Noland
Publisher : Peterson Institute for International Economics
Page : 221 pages
File Size : 48,7 Mb
Release : 2014
Category : Business & Economics
ISBN : 9780881326765

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Confronting the Curse by Cullen S. Hendrix,Marcus Noland Pdf

The political economy of natural resource wealth poses two interrelated challenges for American foreign policy, both involving governance issues in countries that are abundantly endowed with natural resources. The potentially negative impact of natural resources on development is captured in the phrase "the resource curse". The implications are the greatest for the commodity producers themselves, ranging from complications for macroeconomic management to political authoritarianism and, in the extreme, the precipitation of violent civil conflict. For US policy, the resource curse presents challenges with respect to coping with state failure and associated transborder phenomena. The issues extend to broader geopolitics. Resource abundance confers financial and political power on producers. China's emergence as a major importer and investor in extraction, willing to accommodate authoritarian producers, exacerbates the challenge, potentially undercutting international efforts to encourage greater transparency and improved management of natural resource wealth. This issue is of particular importance for US policy toward Africa

Author : Victor Menaldo
Publisher : Cambridge University Press
Page : 417 pages
File Size : 47,5 Mb
Release : 2016-08-25
Category : Political Science
ISBN : 9781107138605

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The Institutions Curse by Victor Menaldo Pdf

Debunks the view that natural resources lead to terrible outcomes by demonstrating that oil and minerals are actually a blessing.

Author : Mr.Arvind Subramanian,Xavier Sala-i-Martin
Publisher : International Monetary Fund
Page : 47 pages
File Size : 54,8 Mb
Release : 2003-07-01
Category : Nature
ISBN : 9781451856064

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Addressing the Natural Resource Curse by Mr.Arvind Subramanian,Xavier Sala-i-Martin Pdf

Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been primarily responsible for Nigeria's poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance.

Author : Brenda Shaffer,Taleh Ziyadov
Publisher : University of Pennsylvania Press
Page : 476 pages
File Size : 43,6 Mb
Release : 2011-12-30
Category : Political Science
ISBN : 9780812206173

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Beyond the Resource Curse by Brenda Shaffer,Taleh Ziyadov Pdf

When countries discover that they possess large deposits of oil and natural gas, the news is usually welcome. Yet, paradoxically, if they rely on their wealth of natural resources, they often set down a path of poor economic performance and governance challenges. Only a few resource-rich countries have managed to develop their economies fully and provide a better and sustainable standard of living for large segments of their populations. This phenomenon, known as the resource curse, is a core challenge for energy-exporting states. Beyond the Resource Curse focuses on this relationship between natural wealth and economic security, discussing the particular pitfalls and consistent perils facing oil- and gas-exporting states. The contributors to this volume look beyond the standard fields of research related to the resource curse. They also shed new light on the specific developmental problems of resource-rich exporting states around the globe, including Azerbaijan, Bahrain, Cambodia, East Timor, Iran, Norway, Russia, Trinidad and Tobago, the United Arab Emirates, and Venezuela. Policy makers and academics think of energy security solely in terms of the interests of energy importers. Beyond the Resource Curse shows that the constant volatility in energy markets creates energy security challenges for exporters as well.

Author : Sevil Acar
Publisher : Palgrave Macmillan
Page : 0 pages
File Size : 42,7 Mb
Release : 2017-02-27
Category : Business & Economics
ISBN : 1137587229

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The Curse of Natural Resources by Sevil Acar Pdf

This book examines the paradox that resource-rich countries often struggle to manage their resources in a way that will help their economies thrive. It looks at how a country's political regime and quality of governance can determine the degree to which it benefits - or suffers - from having natural resources, shifting away from the traditional focus on economic growth data to study the complex implications of these resources for human well-being and sustainable development. To this end, Acar examines a panel of countries in terms of the effects of their natural resources on human development and genuine saving, which is a sustainability indicator that takes into account the welfare of future generations by incorporating the changes in different kinds of capital. Acar finds that the exportation of agricultural raw materials is associated with significant deterioration in human development, while extractive resource exports, such as energy and minerals, have negative implications for genuine savings. Next, the book compares the development path of Norway before and after discovering oil, contrasting it with Sweden's development. The two countries, which followed almost identical paths until the 1970s, diverged significantly in terms of per capita income after Norway found oil.

Author : Daniel Lederman,William F Maloney
Publisher : World Bank Publications
Page : 392 pages
File Size : 47,5 Mb
Release : 2006-10-23
Category : Nature
ISBN : 0821365460

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Natural Resources, Neither Curse nor Destiny by Daniel Lederman,William F Maloney Pdf

'Natural Resources: Neither Course nor Destiny' brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant natural resources. The evidence suggests that natural resources are neither a curse nor destiny. Natural resources can actually spur economic development when combined with the accumulation of knowledge for economic innovation. Furthermore, natural resource abundance need not be the only determinant of the structure of trade in developing countries. In fact, the accumulation of knowledge, infrastructure, and the quality of governance all seem to determine not only what countries produce and export, but also how firms and workers produce any good.

Author : Andrew Rosser
Publisher : Unknown
Page : 42 pages
File Size : 43,8 Mb
Release : 2006
Category : Conservation of natural resources
ISBN : UOM:39015069198615

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The Political Economy of the Resource Curse by Andrew Rosser Pdf

This paper presents a critical survey of the literature on the "resource curse", focusing on three main questions: (i) are natural resources bad for development?; (ii) what causes the resource curse?; and, (iii) how can the resource curse be overcome? In respect of these questions, three observations are made. First, while the literature provides considerable evidence that natural resource abundance is associated with various negative development outcomes, this evidence is by no means conclusive. Second, existing explanations for the resource curse do not adequately account for the role of social forces or external political and economic environments in shaping development outcomes in resource abundant countries, nor for the fact that, while most resource abundant countries have performed poorly in developmental terms, a few have done quite well. Finally, recommendations for overcoming the resource curse have not generally taken into account the issue of political feasibility.

Author : Macartan Humphreys,Jeffrey D. Sachs,Joseph E. Stiglitz
Publisher : Columbia University Press
Page : 429 pages
File Size : 42,5 Mb
Release : 2007-05-22
Category : Business & Economics
ISBN : 9780231512107

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Escaping the Resource Curse by Macartan Humphreys,Jeffrey D. Sachs,Joseph E. Stiglitz Pdf

The wealth derived from natural resources can have a tremendous impact on the economics and politics of producing countries. In the last quarter century, we have seen the surprising and sobering consequences of this wealth, producing what is now known as the "resource curse." Countries with large endowments of natural resources, such as oil and gas, often do worse than their poorer neighbors. Their resource wealth frequently leads to lower growth rates, greater volatility, more corruption, and, in extreme cases, devastating civil wars. In this volume, leading economists, lawyers, and political scientists address the fundamental channels generated by this wealth and examine the major decisions a country must make when faced with an abundance of a natural resource. They identify such problems as asymmetric bargaining power, limited access to information, the failure to engage in long-term planning, weak institutional structures, and missing mechanisms of accountability. They also provide a series of solutions, including recommendations for contracting with oil companies and allocating revenue; guidelines for negotiators; models for optimal auctions; and strategies to strengthen state-society linkages and public accountability. The contributors show that solutions to the resource curse do exist; yet, institutional innovations are necessary to align the incentives of key domestic and international actors, and this requires fundamental political changes and much greater levels of transparency than currently exist. It is becoming increasingly clear that past policies have not provided the benefits they promised. Escaping the Resource Curse lays out a path for radically improving the management of the world's natural resources.

Author : Syed Mansoob Murshed
Publisher : Unknown
Page : 0 pages
File Size : 54,6 Mb
Release : 2023
Category : Resource curse
ISBN : OCLC:1401958059

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The Resource Curse by Syed Mansoob Murshed Pdf

'The Resource Curse' refers to the long-established notion central in development economics that countries rich in natural resources, particularly minerals and fuels, perform less well economically than countries with fewer natural resources. In other words, resources are an economic curse rather than a blessing. This short primer explores the complexities of this idea and the debates that surround it, in particular under what conditions the resource curse might operate, if not universal. Discussion ranges over the nature of resource booms, the benefits and costs of export-led growth, the problems of deindustrialisation and manufacturing base erosion, rent-seeking behaviour and corruption and the empirical evidence of the effects of natural resource dependence on growth.

Author : Richard Auty
Publisher : Routledge
Page : 306 pages
File Size : 54,7 Mb
Release : 2002-09-26
Category : Business & Economics
ISBN : 9781134867899

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Sustaining Development in Mineral Economies by Richard Auty Pdf

It is widely believed that natural mineral resources are desirable. However there is growing evidence that this may not always be the case. Indeed, it seems that natural assets can distort the economy to such a degree that the benefit actually becomes a curse. In Sustaining Development in Mineral Economies, Richard Auty highlights these drawbacks and the devastating effect they can have on developing economies. With reference to six ore-exporters (viz. Peru, Bolivia, Chile, Jamaica, Zambia and Papua New Guinea) he outlines how things can go badly wrong. He particularly stresses the need to avoid `Dutch Disease' whereby competitiveness is drained out of the agriculture and manufacturing sectors so that in the long term growth falters.

Author : Andrea Gawrich,Anja Franke,Jana Windwehr
Publisher : Verlag Barbara Budrich
Page : 213 pages
File Size : 53,6 Mb
Release : 2010-12-20
Category : Political Science
ISBN : 9783866496774

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Are Resources a Curse? by Andrea Gawrich,Anja Franke,Jana Windwehr Pdf

Energy as a Curse The analysis of rentierism in Post-soviet states, which this book presents, underscores the need for further research as rentier state concepts have mainly been applied to “older” rentier states like African, Latin American and Arab countries. An important contribution to a topical discussion. During the last 30 years, many resource-rich countries have experienced economic and political stagnation (“resource curse”). They have developed deficient political systems in which the process of modern state formation is being undercut (“rentier state”) as well as economic structures in which sectors that provide strong incentives for the accumulation of physical and human capital are under-represented (“Dutch disease”). This is very much the same in many of the post-Soviet states with high resource incomes since the mid 1990s. These incomes present opportunities for reducing poverty and promoting economic growth. But instead of taking advantage of these opportunities many of them present authoritarian regimes with high levels of corruption, low political freedom and rent-seeking elites. The book gives a detailed analysis of rentierism in Post-soviet states.

Author : Robert T. Deacon
Publisher : Unknown
Page : 110 pages
File Size : 47,6 Mb
Release : 2011
Category : Political Science
ISBN : 1601984960

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The Political Economy of the Natural Resource Curse by Robert T. Deacon Pdf

The Political Economy of the Natural Resources Curse focuses on political economy theories of the resource curse and scrutinizes how well, or poorly, these theories have been integrated with empirical work. One reason why this integration is important lies in the practical importance of pinning down the causal links involved in the resource curse. A second reason for focusing on integration of theory and empirics is that the resource curse is a potentially fruitful venue for testing political economy theories generally. The Political Economy of the Natural Resources Curse starts with an overview of the broader economic literature on the resource curse, explaining how interest first arose and summarizing the market-based and political economy theories developed to explain it. After these preliminaries, the focus tightens to political economy research on the resource curse and examines theories and empirical evidence on the link between political conditions and perverse responses to resource booms. Section 3 reviews political economy theories of the resource curse based on rent-seeking. Section 4 reviews political economy theories that incorporate institutions explicitly. Papers offering general empirical findings without developing new theory are covered in Section 5. Conclusions are presented in Section 6 and focus on strengths and weaknesses of the existing literature, whether empirical analysis has successfully corroborated or refuted predictions from theoretical analysis, opportunities for future empirical research, and the question of whether or not the resource curse is a 'real' phenomenon.

Author : Deborah Itriago
Publisher : Oxfam
Page : 54 pages
File Size : 43,5 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 9781848144736

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Lifting the Resource Curse: How poor people can and should benefit from the revenues of extractive industries by Deborah Itriago Pdf

Author : Cristián Ducoing,José Peres-Cajías
Publisher : Springer Nature
Page : 324 pages
File Size : 46,9 Mb
Release : 2021-07-01
Category : Business & Economics
ISBN : 9783030710446

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Natural Resources and Divergence by Cristián Ducoing,José Peres-Cajías Pdf

Is the 'natural resource curse' destiny? Are different ways to link natural resources and economic development? Using two particular regions as case studies, this edited collection examines the divergent development paths of natural resource rich countries over the past two centuries. Bolivia, Chile and Peru are neighbour states with a common history and are globally known by their mining endowments. Norway and Sweden have also a strong common history, and different natural resource endowments (forestry, mining and fishing) are essential to understand their current economic success. By comparing natural resource management in the long run in these two divergent regions, this book can help rethink how developing countries can better take advantage of their natural resource endowments. Specifically, the book examines the interaction between natural resources and different key determinants of long-term development: trade, fiscal policy, sustainability, human capital accumulation and business strategies.