Resource Endowments And Underdevelopment Is The Resource Curse Theory Convincing

Author : Tim Pfefferle
Publisher : GRIN Verlag
Page : 8 pages
File Size : 48,9 Mb
Release : 2016-07-11
Category : Business & Economics
ISBN : 9783668256958

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Resource Endowments and Underdevelopment. Is the Resource Curse Theory Convincing? by Tim Pfefferle Pdf

Essay from the year 2016 in the subject Economics - Economic Cycle and Growth, grade: 70, Oxford University (Department of International Development), language: English, abstract: Given the recent attention paid to the concept, a number of studies have investigated the intricacies of the resource curse. This essay will therefore examine whether the resource curse theory is convincing. To what extent can it explain phenomena relating to lack of development and economic growth? Given the vastness of the literature covering the resource curse, the essay will attempt to establish some order by presenting the most significant empirical findings, followed by an account of economics-based, institutional and anthropological understandings of the phenomenon. It will be argued that the resource curse concept is perhaps a misguided attempt to provide a heuristic device in order to understand broader development challenges. While institutions are indeed a crucial component determining the effects resource dependence can have on societal welfare, a deeper anthropological account highlights some of the gaps inherent in subscribing to the idea of a curse.

Author : Maiju Perälä
Publisher : Unknown
Page : 44 pages
File Size : 53,6 Mb
Release : 2003
Category : Developing countries
ISBN : UCSD:31822031195480

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Persistence of Underdevelopment by Maiju Perälä Pdf

Author : Richard Auty
Publisher : Routledge
Page : 306 pages
File Size : 41,9 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 : Edward B. Barbier
Publisher : Cambridge University Press
Page : 451 pages
File Size : 52,5 Mb
Release : 2019-09-19
Category : Business & Economics
ISBN : 9781107179264

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Natural Resources and Economic Development by Edward B. Barbier Pdf

The second edition of this landmark book explores how natural resources contribute to development in poor economies.

Author : Carol Lancaster,Nicolas Van de Walle
Publisher : Oxford University Press
Page : 753 pages
File Size : 55,8 Mb
Release : 2018
Category : Political Science
ISBN : 9780199845156

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The Oxford Handbook of the Politics of Development by Carol Lancaster,Nicolas Van de Walle Pdf

Modernization theory : does economic development cause democratization? / Jose Antonio Cheibub and James Raymond Vreeland -- Dependency theory / James Mahoney and Diana Rodriguez-Franco -- Structuralism / Elliott Green -- Political development / Robert H. Bates -- The Washington Consensus and the new political economy of economic reform / Kevin Morrison -- Penury traps and prosperity tales : why some countries escape poverty while others do not / M. Steven Fish -- Culture, politics and development / Michael Woolcock -- Religion, politics and economic development : synergies and disconnects / Katherine Marshall -- Does inequality harm economic development and democracy? : accounting for missing values, noncomparable observations, and endogeneity / Christian Houle -- Ethnicity and development / Nic Cheeseman -- Civil conflict and development / Håvard Hegre -- The politics of the resource curse : a review / Michael L. Ross -- Taxation and development / Mick Moore -- How do governments build capabilities to do great things? : ten cases, two competing explanations, one large research agenda / Matt Andrews -- Leadership and the politics of development / Adrian Leftwich and Heather Lyne De Ver -- Colonialism and development in africa / Leander Heldring and James A. Robinson -- Investment and debt / Layna Mosley -- The role of the state in harnessing trade-and-investment for development purposes / Theodore H. Moran -- International financial institutions and market liberalization in the developing world / Stephen C. Nelson -- Foreign aid and democratization in developing countries / Danielle Resnick -- Organizing for prosperity : collective action, political parties, and the political economy of development / Philip Keefer -- Missing links in the institutional chain / Anirudh Krishna -- The comparative politics of service delivery in developing countries / Evan S. Lieberman -- Party systems and the politics of development / Allen Hicken -- Populism and political representation / Kenneth M. Roberts -- Africa's political economy in the contemporary era / Peter M. Lewis -- The politics of development in Latin America and East Asia / James W. McGuire -- Development and underdevelopment in the Middle East and North Africa / Melani Cammett -- Rethinking the institutional foundations of china's hypergrowth : official incentives, institutional constraints, and local developmentalism / Fubing Su, Ran Tao, and Dali L. Yang -- The politics of growth in South Korea : miracle, crisis, and the new market economy / Stephan Haggard and Myung-Koo Kang

Author : Ian Bannon,Paul Collier
Publisher : World Bank Publications
Page : 432 pages
File Size : 55,6 Mb
Release : 2003-01-01
Category : Nature
ISBN : 0821355031

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Natural Resources and Violent Conflict by Ian Bannon,Paul Collier Pdf

Research carried out by the World Bank on the root causes of conflict and civil war finds that a developing country's economic dependence on natural resources or other primary commodities is strongly associated with the risk level for violent conflict. This book brings together a collection of reports and case studies that explore what the international community in particular can do to reduce this risk.; The text explains the links between natural resources and conflict and examines the impact of resource dependence on economic performance, governance, secessionist movements and revel financing. It then explores avenues for international action - from financial and resource reporting procedures and policy recommendations to commodity tracking systems and enforcement instruments, including sanctions, certification requirements, aid conditionality, legislative and judicial instruments.

Author : Indermit S. Gill,Ivailo Izvorski,Willem van Eeghen,Donato De Rosa
Publisher : World Bank Publications
Page : 400 pages
File Size : 44,6 Mb
Release : 2014-02-26
Category : Business & Economics
ISBN : 9781464801204

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Diversified Development by Indermit S. Gill,Ivailo Izvorski,Willem van Eeghen,Donato De Rosa Pdf

Eurasian economies have to become efficient more productive, job-creating, and stable. But efficiency is not the same as diversification. Governments need to worry less about the composition of exports and production and more about asset portfolios natural resources, built capital, and economic institutions.

Author : Macartan Humphreys,Jeffrey D. Sachs,Joseph E. Stiglitz
Publisher : Columbia University Press
Page : 429 pages
File Size : 46,7 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 : Daniel Lederman,William F Maloney
Publisher : World Bank Publications
Page : 392 pages
File Size : 44,9 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 : Ellen Lust
Publisher : CQ Press
Page : 1342 pages
File Size : 47,7 Mb
Release : 2023-02-01
Category : Political Science
ISBN : 9781071844489

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The Middle East by Ellen Lust Pdf

In the The Middle East, Sixteenth Edition, Ellen Lust brings important new coverage to this comprehensive, balanced, and superbly researched text. In clear prose, Lust and her outstanding contributors explain the landscape of this changing region by examining both regional trends and individual countries. The Sixteenth Edition adds a chapter on Sudan, and other country chapters have been streamlined and fully updated to reflect domestic, regional, and international changes of the past three years. This best-selling text offers a wealth of information to help readers not only comprehend more fully the world around them, but also recognize and formulate policies that can more successfully engage the vitally important Middle East.

Author : Michael L. Ross
Publisher : Cambridge University Press
Page : 262 pages
File Size : 43,6 Mb
Release : 2001-01-08
Category : Political Science
ISBN : 1139432117

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Timber Booms and Institutional Breakdown in Southeast Asia by Michael L. Ross Pdf

Scholars have long studied how institutions emerge and become stable. But why do institutions sometimes break down? In this book, Michael L. Ross explores the breakdown of the institutions that govern natural resource exports in developing states. He shows that these institutions often break down when states receive positive trade shocks - unanticipated windfalls. Drawing on the theory of rent-seeking, he suggests that these institutions succumb to a problem he calls 'rent-seizing' - the predatory behavior of politicians who seek to supply rent to others, and who purposefully dismantle institutions that restrain them. Using case studies of timber booms in Indonesia, Malaysia and the Philippines, he shows how windfalls tend to trigger rent-seizing activities that may have disastrous consequences for state institutions, and for the government of natural resources. More generally, he shows how institutions can collapse when they have become endogenous to any rent-seeking process.

Author : Mr.Arvind Subramanian,Xavier Sala-i-Martin
Publisher : International Monetary Fund
Page : 47 pages
File Size : 55,6 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 : Ellen Lust
Publisher : SAGE
Page : 1073 pages
File Size : 40,6 Mb
Release : 2014
Category : History
ISBN : 9781452241494

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The Middle East, 13th Edition by Ellen Lust Pdf

Lust and her outstanding contributors have fully revised the text to take into account the watershed events that have taken place in the Middle East since the 2011 uprisings. The book also adds important coverage with a new thematic chapter on religion, society, and politics in the region, which examines the role of both Islam and Judaism. New to this edition: - Every chapter has been thoroughly revised to cover all of the major changes in the region since the uprisings of 2011 - The Overview section now contains a chapter on religion, society, and politics in the Middle East that examines the role of both Islam and Judaism - Expanded coverage of the role of social movements and activism in the chapter, Actors and Public Opinion. - Country chapters have been revised to more explicitly address religion, society and politics - In light of user feedback, the thematic chapters have been reordered to fit more naturally with teaching progression preferred by most faculty

Author : P. Thandika Mkandawire,Charles Chukwuma Soludo
Publisher : IDRC
Page : 192 pages
File Size : 43,7 Mb
Release : 2014-05-14
Category : Political Science
ISBN : 9781552502044

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Our Continent, Our Future by P. Thandika Mkandawire,Charles Chukwuma Soludo Pdf

Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.

Author : Emily Sinnott,John Nash,Augusto de la Torre
Publisher : World Bank Publications
Page : 82 pages
File Size : 52,9 Mb
Release : 2010-01-01
Category : BUSINESS & ECONOMICS
ISBN : 0821384821

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Natural Resources in Latin America and the Caribbean by Emily Sinnott,John Nash,Augusto de la Torre Pdf

"The question of how to treat commodity production and how to manage recurrent cycles of booms and busts has always been a challenge for policymakers in commodity-dependent countries, including many in the LAC region. These challenges have led to allegations of a "commodity curse'' that retards development in these countries, but as of yet, there is no consensus as to whether such a curse exists, and if so, how can negative effects be minimized. This book contributes to this debate. Much of the report is focused on an examination of specific channels through which commodity dependence may affect the economic and institutional development of countries. This includes broadly 4 sets of concerns: one set dealing with the direct economic effects of commodity dependence and the implications for long-term growth; one dealing with the interactions between commodity production and the rents it generates on the one hand, and a country's institutions on the other; a third dealing with the macroeconomic challenges of managing the volatility of revenue flows, including the distributional implications at the household level posed by cyclicality of social spending; and a final set associated with potential negative environmental and social impacts. The book finds that some commonly accepted negative effects of dependence on natural resources are largely myths, while some are realities. But all can be managed, and the book draws on the best available information in existing literature as well as original analysis to provide practical advice on how to do so. It also presents descriptive facts and analysis of the impacts in LAC of the recent commodity boom, helping the reader understand the implications for the region's development and policies. It should be of great interest to policy-makers and analysts, as well as laypersons interested in the economics of commodity markets and their role in economic development."