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Are Oil Windfalls A Blessing Or A Curse
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Download or read book Oil Windfalls written by Alan H. Gelb and published by Oxford University Press. This book was released on 1988 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the full impact of oil windfalls on six developing producer countries - Algeria, Ecuador, Indonesia, Nigeria, Trinidad and Tobago, and Venezuela. This is the first time that the issue has been systematically analysed and related to economics policies and underlying macroeconomic characteristics. The book adopts a broad approach, blending institutional and political aspects with quantitative analysis which includes the results of sophisticated model simulations. It presents new information on how oil discoveries have been used by producer governments, and analyses of the consequences. Finally it concludes that much of the potential benefit to producers has been dissipated, and explains why producers may actually end up worse off despite revenue gains.
Book Synopsis Are Oil Windfalls a Blessing Or a Curse? by : Alan H. Gelb
Download or read book Are Oil Windfalls a Blessing Or a Curse? written by Alan H. Gelb and published by . This book was released on 1985 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil to Cash written by Todd Moss and published by CGD Books. This book was released on 2015-06-10 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.
Download or read book The Oil Curse written by Michael L. Ross and published by Princeton University Press. This book was released on 2013-09-08 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats--and twice as likely to descend into civil war--than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.
Book Synopsis The Institutions Curse by : Victor Menaldo
Download or read book The Institutions Curse written by Victor Menaldo and published by Cambridge University Press. This book was released on 2016-08-25 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Debunks the view that natural resources lead to terrible outcomes by demonstrating that oil and minerals are actually a blessing.
Book Synopsis Why Nations Fail by : Daron Acemoglu
Download or read book Why Nations Fail written by Daron Acemoglu and published by Currency. This book was released on 2013-09-17 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
Book Synopsis Oil Wealth and the Fate of the Forest by : Sven Wunder
Download or read book Oil Wealth and the Fate of the Forest written by Sven Wunder and published by Routledge. This book was released on 2005-08-16 with total page 645 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reduction in the size of the world's remaining rainforests is an issue of huge importance for all societies. This new book - an analysis of the impact of oil wealth on tropical deforestation in South America, Africa and Asia - takes a much more analytical approach than the usual fare of environmental studies. The focus on economies as a whole leads to a more balanced view than those that are often put forward and therefore, vitally, a view that is more valid. Of use to those who study environmental issues and economics, this book is potentially an indispensable tool for policy-makers the world over.
Book Synopsis Understanding and Avoiding the Oil Curse in Resource-rich Arab by : Ibrahim Elbadawi
Download or read book Understanding and Avoiding the Oil Curse in Resource-rich Arab written by Ibrahim Elbadawi and published by Cambridge University Press. This book was released on 2016-07-14 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: A variety of perspectives from leading economists provides fresh insight into how Arab countries may best exploit their oil revenues.
Book Synopsis Oil Windfalls in Ghana by : Jan Gottschalk
Download or read book Oil Windfalls in Ghana written by Jan Gottschalk and published by International Monetary Fund. This book was released on 2010-05-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use a calibrated multi-sector DSGE model to analyze the likely impact of oil windfalls on the Ghanaian economy, under alternative fiscal and monetary policy responses. We distinguish between the short-run impact, associated with demand-related pressures, and the medium run impact on competitiveness and growth. The impact on inflation and the real exchange rate could be moderate, especially if the fiscal authorities smooth oil-related spending or increase public spending’s import content. However, a policy mix that results in both a fiscal expansion and the simultaneous accumulation of the foreign currency proceeds from oil as international reserves—to offset the real appreciation—would raise demand pressures and crowd-out the private sector. In the medium term, the negative impact on competitiveness—resulting from ”Dutch Disease” effects—could be small, provided public spending increases the stock of productive public capital. These findings highlight the role of different policy responses, and their interaction, for the macroeconomic impact of oil proceeds.
Book Synopsis Sustaining Development in Mineral Economies by : Richard Auty
Download or read book Sustaining Development in Mineral Economies written by Richard Auty and published by Routledge. This book was released on 2002-09-26 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Feedback Economics by : Robert Y. Cavana
Download or read book Feedback Economics written by Robert Y. Cavana and published by Springer Nature. This book was released on 2021-06-30 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book approaches economic problems from a systems thinking and feedback perspective. By introducing system dynamics methods (including qualitative and quantitative techniques) and computer simulation models, the respective contributions apply feedback analysis and dynamic simulation modeling to important local, national, and global economics issues and concerns. Topics covered include: an introduction to macro modeling using a system dynamics framework; a system dynamics translation of the Phillips machine; a re-examination of classical economic theories from a feedback perspective; analyses of important social, ecological, and resource issues; the development of a biophysical economics module for global modelling; contributions to monetary and financial economics; analyses of macroeconomic growth, income distribution and alternative theories of well-being; and a re-examination of scenario macro modeling. The contributions also examine the philosophical differences between the economics and system dynamics communities in an effort to bridge existing gaps and compare methods. Many models and other supporting information are provided as online supplementary files. Consequently, the book appeals to students and scholars in economics, as well as to practitioners and policy analysts interested in using systems thinking and system dynamics modeling to understand and improve economic systems around the world. "Clearly, there is much space for more collaboration between the advocates of post-Keynesian economics and system dynamics! More generally, I would like to recommend this book to all scholars and practitioners interested in exploring the interface and synergies between economics, system dynamics, and feedback thinking." Comments in the Foreword by Marc Lavoie, Emeritus Professor, University of Ottawa and University of Sorbonne Paris Nord
Book Synopsis Public Sector Management and Economic Governance in Ghana by : Joseph R. A. Ayee
Download or read book Public Sector Management and Economic Governance in Ghana written by Joseph R. A. Ayee and published by Springer Nature. This book was released on with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Conflict, Peace, Security and Development by : Helen Hintjens
Download or read book Conflict, Peace, Security and Development written by Helen Hintjens and published by Routledge. This book was released on 2014-08-13 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whilst classical approaches linked development with peace, security has become central to understandings of both war and peacetime. This book uniquely reflects on how to deal with the convergence of war and peace in the context of global economic and geo-political development. It addresses methodological challenges in contemporary approaches to conflict, violence, security peace and development. Two dominant contemporary approaches are selected for debate on methodologies and ethical choices: rational choice and identity-based theorizing. The chapters are arranged as dialogues around contending approaches, to better understand how the inter-locking fields of violent conflict, peace, development and security can be researched and understood. The book considers how theoretical and methodological approaches relate to different ethical and political choices, including around engagement and intervention in the four interwoven fields. Theoretical, methodological and ethical issues emerge from the critical reviews of academic discourses and case-study based chapters from across the world, including Sri Lanka, Ghana, Colombia and Rwanda. This book is an invaluable resource for postgraduate students and researchers in Development Studies, Conflict Studies, Peace Studies and Security Studies.
Book Synopsis Companion to Environmental Studies by : Noel Castree
Download or read book Companion to Environmental Studies written by Noel Castree and published by Routledge. This book was released on 2018-05-01 with total page 958 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companion to Environmental Studies presents a comprehensive and interdisciplinary overview of the key issues, debates, concepts, approaches and questions that together define environmental studies today. The intellectually wide-ranging volume covers approaches in environmental science all the way through to humanistic and post-natural perspectives on the biophysical world. Though many academic disciplines have incorporated studying the environment as part of their curriculum, only in recent years has it become central to the social sciences and humanities rather than mainly the geosciences. ‘The environment’ is now a keyword in everything from fisheries science to international relations to philosophical ethics to cultural studies. The Companion brings these subject areas, and their distinctive perspectives and contributions, together in one accessible volume. Over 150 short chapters written by leading international experts provide concise, authoritative and easy-to-use summaries of all the major and emerging topics dominating the field, while the seven part introductions situate and provide context for section entries. A gateway to deeper understanding is provided via further reading and links to online resources. Companion to Environmental Studies offers an essential one-stop reference to university students, academics, policy makers and others keenly interested in ‘the environmental question’, the answer to which will define the coming century.
Book Synopsis Developing indicators to diagnose Dutch Disease by : Lorenz Meyenburg
Download or read book Developing indicators to diagnose Dutch Disease written by Lorenz Meyenburg and published by Diplomarbeiten Agentur. This book was released on 2010-10-25 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Introduction: The term Dutch Disease (abbreviated to DD throughout the paper), introduced in 1977, refers to the adverse effects on Dutch manufacturing of the natural gas discoveries of the 1960s. The crucial sub-period from 1974 to 1979 after the oil price shock in 1973 / 1974 was then marked by a consumption driven booming government sector in the context of a European stagnation, and though this process in itself did not bear a disease character, the strong real appreciation due to an overvaluation of the Dutch Guilder and an inflexible labour market were at least the clearest possible signs of a disease. It is actually doubted that the DD is Dutch, but the existence of the DD as a general phenomenon is widely accepted in the literature. The fascination of the DD arises from its paradoxical nature that something intuitively good develops a dark side. There is a good side of every boom, its initial impact is beneficial and amounts to Pareto-improvement for the economy as a whole. This implies a rise in real living standards due to higher levels of public and private consumption and higher levels of investment (and savings). Windfalls, the linked fiscal revenues, and easier domestic and foreign borrowing can finance core public goods. Especially regarding developing countries, windfalls principally allow breaking out of the poverty trap: poverty lack of public finance lack of public goods lack of private investment poverty. Approaching the dark side, a favourable shock like a discovery of oil is a mixed blessing to developing countries, and research does not show a clear outperformance of the oil nations as a whole. The DD can be formulated as a provoking dilemma: Enjoy boom revenues to boost economic development while those revenues in fact turn out to be responsible for the economic stagnation through the deterioration of the tradeable sectors. The provoking nature of the DD runs the risk of being misused in the media in the longing for exciting economical statements, and a healthy mistrust should always accompany an alleged DD even in the literature, as the real problem can lie somewhere else in the dynamic economy. For example, in many countries, the downward trend in the share of manufacturing in national output is dominated by other reasons than a favourable shock. In general, policy choices can exacerbate or mitigate the DD, so that there is a direct connection, but the majority of influences rather works [...]
Book Synopsis Populist Moments and Extractivist States in Venezuela and Ecuador by : Teresa Kramarz
Download or read book Populist Moments and Extractivist States in Venezuela and Ecuador written by Teresa Kramarz and published by Springer Nature. This book was released on 2021-06-07 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the intersection of extractivism, populism, and accountability. Although populist politics are often portrayed as a driver of poor environmental governance, Populist Moments and Extractivist States identifies it as an intervening variable at best – one that emerges in response to the accountability deficits of extractive states. Case studies in Venezuela – for many, the prototypical petrostate – and Ecuador – which exchanged agribusiness dependency for oil decades later – illustrate how extractive states are oriented by a colonial logic of export and service. This logic regulates state-society-nature relationships and circumscribes avenues for local stakeholders to hold public officials and extractive industries to account for environmental and human harms. Populist moments of the early 21st century across Latin America responded to these conditions, promising more equitable and sustainable futures. However, rather than reversing the technocracy, verticalism, and exclusion of the recent past, populist moments often intensified and legitimated them in the drive to maximize and distribute resource rents. The result has been cyclical, as populist moments of hope and rupture fall prey to the extractivist states they tried, and failed, to replace.
Book Synopsis The Palgrave Handbook of African Political Economy by : Samuel Ojo Oloruntoba
Download or read book The Palgrave Handbook of African Political Economy written by Samuel Ojo Oloruntoba and published by Springer Nature. This book was released on 2020-06-23 with total page 1099 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook constitutes a specialist single compendium that analyses African political economy in its theoretical, historical and policy dimensions. It emphasizes the uniqueness of African political economy within a global capitalist system that is ever changing and complex. Chapters in the book discuss how domestic and international political economic forces have shaped and continue to shape development outcomes on the continent. Contributors also provoke new thinking on theories and policies to better position the continent’s economy to be a critical global force. The uniqueness of the handbook lies in linking theory and praxis with the past, future, and various dimensions of the political economy of Africa.
