The Curse Of Natural Resources

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The Curse of Natural Resources

Sevil Acar
The Curse of Natural Resources Book PDF

Author : Sevil Acar
Publisher : Palgrave Macmillan
Page : 0 pages
File Size : 48,6 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.

Confronting the Curse

Cullen S. Hendrix,Marcus Noland
Confronting the Curse Book PDF

Author : Cullen S. Hendrix,Marcus Noland
Publisher : Peterson Institute for International Economics
Page : 221 pages
File Size : 54,6 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

The Institutions Curse

Victor Menaldo
The Institutions Curse Book PDF

Author : Victor Menaldo
Publisher : Cambridge University Press
Page : 417 pages
File Size : 41,8 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.

The Resource Curse

Syed Mansoob Murshed
The Resource Curse Book PDF

Author : Syed Mansoob Murshed
Publisher : Agenda Publishing
Page : 172 pages
File Size : 52,9 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.

Fiscal Policy and the Natural Resources Curse

Paul Mosley
Fiscal Policy and the Natural Resources Curse Book PDF

Author : Paul Mosley
Publisher : Taylor & Francis
Page : 246 pages
File Size : 48,6 Mb
Release : 2017-02-17
Category : Business & Economics
ISBN : 9781317370154

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Fiscal Policy and the Natural Resources Curse by Paul Mosley Pdf

It is widely accepted that natural resource wealth, especially in the form of oil and minerals, can be a key factor in inhibiting economic development. Many of the countries that are richest in natural resources – including oil, metals and diamonds – are amongst the world’s poorest. Why? Fiscal Policy and the Natural Resources Curse re-examines this ancient, unsolved puzzle, asking why many governments of natural resource-intensive countries are incapable, in a globalised world, of dealing with the natural-resource curse. This book offers a detailed analysis of the power-relationships which underpin the natural resource curse, using both statistical analysis and country case studies from Africa and Latin America to pinpoint the strategies that have enable developing countries to break out of the poverty trap. The book differs from other works on this subject, as it not only identifies the issues at stake but also offers solutions in the form of a series of suggested policy measures. The work focusses in particular on fiscal escape routes, namely measures to develop and diversify the tax system, and to reallocate and target public expenditure. This volume will be of great interest to scholars of economic development, the economics of natural resources and economic growth as well as all those with an interest in development, global politics and anti-poverty policies.

Natural Resources, Neither Curse nor Destiny

Daniel Lederman,William F Maloney
Natural Resources Neither Curse nor Destiny Book PDF

Author : Daniel Lederman,William F Maloney
Publisher : World Bank Publications
Page : 392 pages
File Size : 49,7 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.

Addressing the Natural Resource Curse

Mr.Arvind Subramanian,Xavier Sala-i-Martin
Addressing the Natural Resource Curse Book PDF

Author : Mr.Arvind Subramanian,Xavier Sala-i-Martin
Publisher : International Monetary Fund
Page : 47 pages
File Size : 54,7 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.

Corruption, Natural Resources and Development

Aled Williams,Philippe Le Billon
Corruption Natural Resources and Development Book PDF

Author : Aled Williams,Philippe Le Billon
Publisher : Edward Elgar Publishing
Page : 192 pages
File Size : 44,6 Mb
Release : 2017-01-27
Category : Electronic
ISBN : 9781785361203

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Corruption, Natural Resources and Development by Aled Williams,Philippe Le Billon Pdf

This book provides a fresh and extensive discussion of corruption issues in natural resources sectors. Reflecting on recent debates in corruption research and revisiting resource curse challenges in light of political ecology approaches, this volume provides a series of nuanced and policy-relevant case studies analyzing patterns of corruption around natural resources and options to reach anti-corruption goals. The potential for new variations of the resource curse in the forest and urban land sectors and the effectiveness of anti-corruption policies in resource sectors are considered in depth. Corruption in oil, gas, mining, fisheries, biofuel, wildlife, forestry and urban land are all covered, and potential solutions discussed.

Escaping the Resource Curse

Macartan Humphreys,Jeffrey D. Sachs,Joseph E. Stiglitz
Escaping the Resource Curse Book PDF

Author : Macartan Humphreys,Jeffrey D. Sachs,Joseph E. Stiglitz
Publisher : Columbia University Press
Page : 429 pages
File Size : 47,8 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.

Sustaining Development in Mineral Economies

Richard Auty
Sustaining Development in Mineral Economies Book PDF

Author : Richard Auty
Publisher : Routledge
Page : 306 pages
File Size : 44,7 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.

A Dictionary of Human Geography

Noel Castree,Rob Kitchin,Alisdair Rogers
A Dictionary of Human Geography Book PDF

Author : Noel Castree,Rob Kitchin,Alisdair Rogers
Publisher : Oxford University Press, USA
Page : 594 pages
File Size : 51,6 Mb
Release : 2013-04-25
Category : Reference
ISBN : 9780199599868

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A Dictionary of Human Geography by Noel Castree,Rob Kitchin,Alisdair Rogers Pdf

This new dictionary provides over 2,000 clear and concise entries on human geography, covering basic terms and concepts as well as biographies, organisations, and major periods and schools. Authoritative and accessible, this is a must-have for every student of human geography, as well as for professionals and interested members of the public.

Natural Resource Endowment and the Fallacy of Development in Cameroon

Fonjong, Lotsmart
Natural Resource Endowment and the Fallacy of Development in Cameroon Book PDF

Author : Fonjong, Lotsmart
Publisher : Langaa RPCIG
Page : 364 pages
File Size : 40,8 Mb
Release : 2019-10-05
Category : Business & Economics
ISBN : 9789956551248

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Natural Resource Endowment and the Fallacy of Development in Cameroon by Fonjong, Lotsmart Pdf

Cameroon is rich in petroleum, minerals, tropical forests, wildlife, water systems, fertile lands, and much more. Paradoxically however, most citizens live in abject poverty and without jobs, potable water, electricity, good healthcare and roads. This book is a thoughtful interrogation of some of the structural factors driving persistent poverty in Cameroon in the midst of natural resource abundance. It engages in a multidimensional critical analysis of the impact of natural resources on basic development indicators and concludes that good resource governance and sound management are the missing link. Natural resources alone will not create socio-economic prosperity void of good management with a clear development vision and strategy in Cameroon. The book assembles a wide diversity of analysis, views, perspectives and recommendations from economists, development experts, social and political scientists, on Cameroon’s current development inertia. What emerges in the end is a coherent interdisciplinary analysis of the natural resource-development paradox as it plays out in an African setting. Theories and good practices from Africa and beyond are systematically applied to identify and critique present policy and management approaches while providing alternative options that can unlock Cameroon’s natural resource wealth for national prosperity.

Beyond the Resource Curse

Brenda Shaffer,Taleh Ziyadov
Beyond the Resource Curse Book PDF

Author : Brenda Shaffer,Taleh Ziyadov
Publisher : University of Pennsylvania Press
Page : 476 pages
File Size : 41,5 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.

Natural Resources and Economic Development

Edward B. Barbier
Natural Resources and Economic Development Book PDF

Author : Edward B. Barbier
Publisher : Cambridge University Press
Page : 451 pages
File Size : 51,8 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.

Resource Abundance and Economic Development

R. M. Auty
Resource Abundance and Economic Development Book PDF

Author : R. M. Auty
Publisher : Oxford University Press
Page : 357 pages
File Size : 49,6 Mb
Release : 2001-06-28
Category : Business & Economics
ISBN : 9780199246885

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Resource Abundance and Economic Development by R. M. Auty Pdf

Since the 1960s the per capita incomes of the resource-poor countries have grown significantly faster than those of the resource-abundant countries. In fact, in recent years economic growth has been inversely proportional to the share of natural resource rents in GDP, so that the small mineral-driven economies have performed least well and the oil-driven economies worst of all. Yet the mineral-driven resource-rich economies have high growth potential because the mineral exportsboost their capacity to invest and to import."Resource Abundance and Economic Development" explains the disappointing performance of resource-abundant countries by extending the growth accounting framework to include natural and social capital. The resulting synthesis identifies two contrasting development trajectories: the competitive industrialization of the resource-poor countries and the staple trap of many resource-abundant countries. The resource-poor countries are less prone to policy failure than the resource-abundant countriesbecause social pressures force the political state to align its interests with the majority poor and follow relatively prudent policies. Resource-abundant countries are more likely to engender political states in which vested interests vie to capture resource surpluses (rents) at the expense of policycoherence. A longer dependence on primary product exports also delays industrialization, heightens income inequality, and retards skill accumulation. Fears of 'Dutch disease' encourage efforts to force industrialization through trade policy to protect infant industry. The resulting slow-maturing manufacturing sector demands transfers from the primary sector that outstrip the natural resource rents and sap the competitiveness of the economy.The chapters in this collection draw upon historical analysis and models to show that a growth collapse is not the inevitable outcome of resource abundance and that policy counts. Malaysia, a rare example of successful resource-abundant development, is contrasted with Ghana, Bolivia, Saudi Arabia, Mexico, and Argentina, which all experienced a growth collapse. The book also explores policies for reviving collapsed economies with reference to Costa Rica, South Africa, Russia and Central Asia. Itdemonstrates the importance of initial conditions to successful economic reform.