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Author : Richard M. Auty,Haydn I. Furlonge Publisher : Oxford University Press, USA Page : 278 pages File Size : 52,6 Mb Release : 2019 Category : Business & Economics ISBN : 9780198828860
The Rent Curse by Richard M. Auty,Haydn I. Furlonge Pdf
This book compares models of low-rent and high-rent development to explain the divergent growth of regions and to query the continued prioritization of industrialization over agriculture and export services as the engine of economic prosperity.
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.
The “Resource Curse” in the Persian Gulf by Mehran Kamrava Pdf
The "Resource Curse" in the Persian Gulf systematically address the little studied notion of a "resource curse" in relation to the Persian Gulf by examining the historical causes and genesis of the phenomenon and its consequences in a variety of areas, including human development, infrastructural growth, clientelism, state-building and institutional evolution, and societal and gender relations. The book explores how across the Arabian Peninsula, oil wealth began accruing to the state at a particular juncture in the state-building process, when traditional, largely informal patterns of shaikhly rule were relatively well established, but the formal institutional apparatuses of the state were not yet fully formed. The chapters show that oil wealth had a direct impact on subsequent developments in these two complementary areas. Contributors discuss how on one hand, the distribution of petrodollars enabled political elites to solidify existing patterns of rule through deepening clientelist practices and by establishing new, dependent clients; and how on the other, rent revenues gave state leaders the opportunity to establish and shape institutions in ways that solidified their political control. The "Resource Curse" in the Persian Gulf will be of great interest to scholars of Middle Eastern studies, focusing on a variety of subject areas, including human development, human resources, clientelism, infrastructural growth, institutional evolution, state-building, and societal and gender relations. This book was originally published as a special issue in the Journal of Arabian Studies.
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.
An “artfully presented [and] engaging” look at the insidious effects of financialization on our lives and politics by the author of Treasure Islands (The Boston Globe). How didthe banking sector grow from a supporter of business to the biggest business in the world? Financial journalist Nicholas Shaxson takes us on a terrifying journey through the world economy, exposing tax havens, monopolists, megabanks, private equity firms, Eurobond traders, lobbyists, and a menagerie of scoundrels quietly financializing our entire society, hurting both business and individuals. Shaxson shows how we got here, telling the story of how finance re-engineered the global economic order in the last half-century, with the aim not of creating wealth but extracting it from the underlying economy. Under the twin gospels of “national competitiveness” and “shareholder value,” megabanks and financialized corporations have provoked a race to the bottom between states to provide the most subsidized environment for big business, encouraged a brain drain into finance, fostered instability and inequality, and turned a blind eye to the spoils of organized crime. From Ireland to Iowa, he shows the insidious effects of financialization on our politics and on communities who were promised paradise but got poverty wages instead. We need a strong financial system—but when it grows too big it becomes a monster. The Finance Curse is the explosive story of how finance got a stranglehold on society, and reveals how we might release ourselves from its grasp. Revised with new chapters “[Discusses] corrupt financiers in London and New York City, geographically obscure tax havens, the bizarre realm of wealth managers in South Dakota, a ravaged newspaper in New Jersey, and a shattered farm economy in Iowa . . . A vivid demonstration of how corruption and greed have become the main organizing principles in the finance industry.” —Kirkus Reviews
Author : Jonathan Di John Publisher : Penn State Press Page : 215 pages File Size : 42,7 Mb Release : 2015-12-21 Category : Business & Economics ISBN : 9780271076904
Since the discovery of abundant oil resources in the 1920s, Venezuela has had an economically privileged position among the nations of Latin America, which has led to its being treated by economic and political analysts as an exceptional case. In her well-known study of Venezuela’s political economy, The Paradox of Plenty (1997), Stanford political scientist Terry Karl argued that this oil wealth induced extraordinary corruption, rent-seeking, and centralized intervention that resulted in restricting productivity and growth. What this and other studies of Venezuela’s economy fail to explain, however, is how such conditions have accompanied both growth and stagnation at different periods of Venezuela’s history and why countries experiencing similar levels of corruption and rent-seeking produce divergent developmental outcomes. By investigating the record of economic development in Venezuela from 1920 to the present, Jonathan Di John shows that the key to explaining why the economy performed much better between 1920 and 1980 than in the post-1980 period is to understand how political strategies interacted with economic strategies—specifically, how politics determined state capacity at any given time and how the stage of development and development strategies affected the nature of political conflicts. In emphasizing the importance of an approach that looks at the political economy, not just at the economy alone, Di John advances the field methodologically while he contributes to a long-needed history of Venezuela’s economic performance in the twentieth century.
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.
Sarah Jenkinson, a freelance journalist, has not been seen or heard from since telling Ethan Menhennett, the American editor and owner of 'The National Heritage Gazette', that she is visiting a restored, but previously, unknown, Cornish Engine House. Desperate for copy for the forthcoming edition of the magazine and hounded by his assistant Claire's concern for Sarah's safety, Ethan travels from London to Cornwall to find her. However, due to Sarah's reputation as a party animal, he is reluctant to unnecessarily involve the Police. Unhurt, but shaken after crashing his hire car, Ethan is awakened by Jenny Woodford, a divorcee in her thirties, who takes him back to her house to recuperate. Jenny is then shocked to learn that Sarah was visiting Wheal Hingston, a mine which in the 16th Century was said to be cursed following the death of six villagers by the hand of Martha Guildeforde, a psychopathic female executioner and lover of the sadistic Judge Fredricks. Unexpectedly, Jenny runs away, leaving Ethan tired, confused and unclear as to his whereabouts over the last twenty-four hours. He rings Claire and despite what she tells him about the disappearance of four American tourists, he insists on continuing his search. Promising Claire he will call the police if he doesn't find Sarah by the end of the day, he sets off hoping to retrace his steps. Discovering the deaths of many Cornish men and boys in two underground tragedies have not been forgotten, nor those responsible forgiven, Ethan soon wishes he'd listened to Claire. The story which unfolds not only relates the modern-day horrors experienced by a man drawn into a sequence of events he could never have imagined, but also tells of the hardship faced by Cornish Miners and their families, in their centuries past quest to satisfy the greed of those who invested funds in a dangerous and life expectancy reducing industry.
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.
The Curse of Carne's Hold: A Tale of Adventure by G. A. Henty Pdf
"The Curse of Carne's Hold: A Tale of Adventure" by G. A. Henty. Published by Good Press. Good Press publishes a wide range of titles that encompasses every genre. From well-known classics & literary fiction and non-fiction to forgotten−or yet undiscovered gems−of world literature, we issue the books that need to be read. Each Good Press edition has been meticulously edited and formatted to boost readability for all e-readers and devices. Our goal is to produce eBooks that are user-friendly and accessible to everyone in a high-quality digital format.
Companion to the Political Economy of Rent Seeking by R. D. Congleton,A. L. Hillman Pdf
The quest for benefit from existing wealth or by seeking privileged benefit through influence over policy is known as rent seeking. Much rent seeking activity involves government and political decisions and is therefore in the domain of political econo
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.
Global Justice and Resource Curse by Frank Aragbonfoh Abumere Pdf
This book explores whether any theory alone is sufficiently capable of resolving the complexity of global justice, arguing that a combination of statism and cosmopolitanism is needed. In current times, xenophobia, nationalism and populism have amplified othering in both domestic and international politics. In global justice, the dichotomy between the ‘polis’ and the ‘cosmopolis’ separates statism from cosmopolitanism. Using resource curse as a complex case of global justice, the author demonstrates how neither statism nor cosmopolitanism alone are sufficient but goes on to argue that a combination of the two theories is simultaneously necessary and sufficient to resolve the complexity of global justice. He demonstrates how statism is primarily applied to the institutional dimensions of resource curse and only secondarily applied to the interactional dimensions, while cosmopolitanism is applied to the interactional dimensions but only secondarily applied to the institutional dimensions, and therefore a combination of both theories is needed to resolve the problem of resource curse – using the strength of the former to compensate for the weakness of the latter, and vice versa. Global justice is widely taught and researched as one of the most important areas in political philosophy and political theory. This book will be of great interest to students and researchers, philosophers and political scientists of African politics, political theory, political philosophy, international relations and international development.
Art investigator Madison Dupre knows a fake when she sees it. When the mysterious Dr. Kaseem offers to pay her a handsome sum to "ransom" a scarab stolen from the tomb of King Tut, her gut tells her to walk away. Since she still needs to pay the rent, Madison throws caution to wind and prepares to search for the Heart of Egypt. Before she can pack a suitcase, she finds herself framed for murder and on the run. Her leads take her to Stonehenge, England, where a Druid sex cult worships a "goddess of love," a woman with enough personal wealth to buy a host of admirers. Madison finds an admirer of her own in Rafi al-Din, an Egyptian antiquities investigator she knows she can't trust, but who arouses her passions. Drawn to Egypt in search of the scarab, Madison is trapped in the land of the Pharaohs when her passport is seized at the airport. She knows she is being played by Kaseem, who believes the Heart has the power to galvanize the masses to support his secret cause. From the famed Khan marketplace, to the Valley of the Kings and the incredible colossi at Abu Simbel, Madison treads a careful path among tomb robbers, assassins, and political fanatics. She must dodge curses both ancient and modern to stay alive. The wild and epic stories of Harold Robbins live on in this sweeping series by Junius Podrug. At the Publisher's request, this title is being sold without Digital Rights Management Software (DRM) applied.
