Resource Endowments And Underdevelopment Is The Resource Curse Theory Convincing

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Resource Endowments and Underdevelopment. Is the Resource Curse Theory Convincing?

Author : Tim Pfefferle
Publisher : GRIN Verlag
ISBN 13 : 3668256950
Total Pages : 14 pages
Book Rating : 4.6/5 (682 download)

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Book Synopsis Resource Endowments and Underdevelopment. Is the Resource Curse Theory Convincing? by : Tim Pfefferle

Download or read book Resource Endowments and Underdevelopment. Is the Resource Curse Theory Convincing? written by Tim Pfefferle and published by GRIN Verlag. This book was released on 2016-07-11 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Persistence of Underdevelopment

Author : Maiju Perälä
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Persistence of Underdevelopment by : Maiju Perälä

Download or read book Persistence of Underdevelopment written by Maiju Perälä and published by . This book was released on 2003 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Political Economy of the Natural Resource Curse

Author : Robert T. Deacon
Publisher :
ISBN 13 : 9781601984968
Total Pages : 110 pages
Book Rating : 4.9/5 (849 download)

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Book Synopsis The Political Economy of the Natural Resource Curse by : Robert T. Deacon

Download or read book The Political Economy of the Natural Resource Curse written by Robert T. Deacon and published by . This book was released on 2011 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Natural Resources, Neither Curse nor Destiny

Author : Daniel Lederman
Publisher : World Bank Publications
ISBN 13 : 0821365460
Total Pages : 396 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Natural Resources, Neither Curse nor Destiny by : Daniel Lederman

Download or read book Natural Resources, Neither Curse nor Destiny written by Daniel Lederman and published by World Bank Publications. This book was released on 2006-10-23 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: '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.

Diversified Development

Author : Indermit S. Gill
Publisher : World Bank Publications
ISBN 13 : 1464801207
Total Pages : 400 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Diversified Development by : Indermit S. Gill

Download or read book Diversified Development written by Indermit S. Gill and published by World Bank Publications. This book was released on 2014-02-26 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Natural Resources and Violent Conflict

Author : Ian Bannon
Publisher : World Bank Publications
ISBN 13 : 9780821355039
Total Pages : 432 pages
Book Rating : 4.3/5 (55 download)

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Book Synopsis Natural Resources and Violent Conflict by : Ian Bannon

Download or read book Natural Resources and Violent Conflict written by Ian Bannon and published by World Bank Publications. This book was released on 2003-01-01 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Covering Oil

Author : Svetlana Tsalik
Publisher : Lifting the Resource Curse
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Covering Oil by : Svetlana Tsalik

Download or read book Covering Oil written by Svetlana Tsalik and published by Lifting the Resource Curse. This book was released on 2005 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Revenue Watch program and the Initiative for Policy Dialogue promote transparency and civic participation in natural resource policymaking. Journalists know how hard it is to report on government management of oil, gas, and other natural resource revenues. Governments and industry are seldom forthcoming. And reporters themselves usually lack the background in economics, engineering, geology, and corporate finance helpful to understanding the energy industry and the effects of resource wealth. This book attempts to redress the balance with practical information in easy to understand language. Chapters include Understanding the Resource Curse, A Primer on Oil, Oil Companies and the International Oil Market, the ABCs of Petroleum Contracts, and the Environmental, Social, and Human Rights Impacts of Oil Development. Tip sheets inform reporters about stories to pursue and questions to ask.

Our Continent, Our Future

Author : P. Thandika Mkandawire
Publisher : IDRC
ISBN 13 : 155250204X
Total Pages : 192 pages
Book Rating : 4.5/5 (525 download)

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Book Synopsis Our Continent, Our Future by : P. Thandika Mkandawire

Download or read book Our Continent, Our Future written by P. Thandika Mkandawire and published by IDRC. This book was released on 2014-05-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Winners and Losers

Author : D. Michael Shafer
Publisher : Cornell University Press
ISBN 13 : 9780801481888
Total Pages : 296 pages
Book Rating : 4.4/5 (818 download)

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Book Synopsis Winners and Losers by : D. Michael Shafer

Download or read book Winners and Losers written by D. Michael Shafer and published by Cornell University Press. This book was released on 1994 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Natural Resources in Latin America and the Caribbean

Author : Emily Sinnott
Publisher : World Bank Publications
ISBN 13 : 9780821384824
Total Pages : 82 pages
Book Rating : 4.3/5 (848 download)

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Book Synopsis Natural Resources in Latin America and the Caribbean by : Emily Sinnott

Download or read book Natural Resources in Latin America and the Caribbean written by Emily Sinnott and published by World Bank Publications. This book was released on 2010-01-01 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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."

Escaping the Resource Curse

Author : Macartan Humphreys
Publisher : Columbia University Press
ISBN 13 : 0231512104
Total Pages : 429 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Escaping the Resource Curse by : Macartan Humphreys

Download or read book Escaping the Resource Curse written by Macartan Humphreys and published by Columbia University Press. This book was released on 2007-05-22 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

World Development Report 2017

Author : World Bank Group
Publisher : World Bank Publications
ISBN 13 : 1464809518
Total Pages : 605 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis World Development Report 2017 by : World Bank Group

Download or read book World Development Report 2017 written by World Bank Group and published by World Bank Publications. This book was released on 2017-01-23 with total page 605 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? World Development Report 2017: Governance and the Law addresses these fundamental questions, which are at the heart of development. Policy making and policy implementation do not occur in a vacuum. Rather, they take place in complex political and social settings, in which individuals and groups with unequal power interact within changing rules as they pursue conflicting interests. The process of these interactions is what this Report calls governance, and the space in which these interactions take place, the policy arena. The capacity of actors to commit and their willingness to cooperate and coordinate to achieve socially desirable goals are what matter for effectiveness. However, who bargains, who is excluded, and what barriers block entry to the policy arena determine the selection and implementation of policies and, consequently, their impact on development outcomes. Exclusion, capture, and clientelism are manifestations of power asymmetries that lead to failures to achieve security, growth, and equity. The distribution of power in society is partly determined by history. Yet, there is room for positive change. This Report reveals that governance can mitigate, even overcome, power asymmetries to bring about more effective policy interventions that achieve sustainable improvements in security, growth, and equity. This happens by shifting the incentives of those with power, reshaping their preferences in favor of good outcomes, and taking into account the interests of previously excluded participants. These changes can come about through bargains among elites and greater citizen engagement, as well as by international actors supporting rules that strengthen coalitions for reform.

Timber Booms and Institutional Breakdown in Southeast Asia

Author : Michael L. Ross
Publisher : Cambridge University Press
ISBN 13 : 9781139432115
Total Pages : 262 pages
Book Rating : 4.4/5 (321 download)

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Book Synopsis Timber Booms and Institutional Breakdown in Southeast Asia by : Michael L. Ross

Download or read book Timber Booms and Institutional Breakdown in Southeast Asia written by Michael L. Ross and published by Cambridge University Press. This book was released on 2001-01-08 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The End of Development

Author : Andrew Brooks
Publisher : Zed Books Ltd.
ISBN 13 : 1786990229
Total Pages : 129 pages
Book Rating : 4.7/5 (869 download)

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Book Synopsis The End of Development by : Andrew Brooks

Download or read book The End of Development written by Andrew Brooks and published by Zed Books Ltd.. This book was released on 2017-05-15 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why did some countries grow rich while others remained poor? Human history unfolded differently across the globe. The world is separated in to places of poverty and prosperity. Tracing the long arc of human history from hunter gatherer societies to the early twenty first century in an argument grounded in a deep understanding of geography, Andrew Brooks rejects popular explanations for the divergence of nations. This accessible and illuminating volume shows how the wealth of ‘the West’ and poverty of ‘the rest’ stem not from environmental factors or some unique European cultural, social or technological qualities, but from the expansion of colonialism and the rise of America. Brooks puts the case that international inequality was moulded by capitalist development over the last 500 years. After the Second World War, international aid projects failed to close the gap between ‘developed’ and ‘developing’ nations and millions remain impoverished. Rather than address the root causes of inequality, overseas development assistance exacerbate the problems of an uneven world by imposing crippling debts and destructive neoliberal policies on poor countries. But this flawed form of development is now coming to an end, as the emerging economies of Asia and Africa begin to assert themselves on the world stage. The End of Development provides a compelling account of how human history unfolded differently in varied regions of the world. Brooks argues that we must now seize the opportunity afforded by today’s changing economic geography to transform attitudes towards inequality and to develop radical new approaches to addressing global poverty, as the alternative is to accept that impoverishment is somehow part of the natural order of things.

Problem-Driven Political Economy Analysis

Author : Verena Fritz
Publisher : World Bank Publications
ISBN 13 : 1464801223
Total Pages : 289 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Problem-Driven Political Economy Analysis by : Verena Fritz

Download or read book Problem-Driven Political Economy Analysis written by Verena Fritz and published by World Bank Publications. This book was released on 2014-01-13 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents eight good practice examples of problem-driven political economy analysis conducted at the World Bank, and reflect what the Bank has so far been able to achieve in mainstreaming this approach into its operations and policy dialogue.

Crude Existence

Author : Kristin Reed
Publisher : Univ of California Press
ISBN 13 : 0520258223
Total Pages : 338 pages
Book Rating : 4.5/5 (22 download)

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Book Synopsis Crude Existence by : Kristin Reed

Download or read book Crude Existence written by Kristin Reed and published by Univ of California Press. This book was released on 2009-11-15 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: After decades of civil war and instability, the African country of Angola is experiencing a spectacular economic boom thanks to its most valuable natural resource: oil. Focusing on the everyday realities of people living in the extraction zones, Reed explores the exclusion, degradation, and violence that are the fruits of petrocapitalism in Angola.

Understanding Modern Nigeria

Author : Toyin Falola
Publisher : Cambridge University Press
ISBN 13 : 1108837972
Total Pages : 691 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis Understanding Modern Nigeria by : Toyin Falola

Download or read book Understanding Modern Nigeria written by Toyin Falola and published by Cambridge University Press. This book was released on 2021-06-24 with total page 691 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to the politics and society of post-colonial Nigeria, highlighting the key themes of ethnicity, democracy, and development.