Escaping The Resource Curse
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Escaping The Resource Curse
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Author : Macartan Humphreys
language : en
Publisher: Columbia University Press
Release Date : 2007-05-22
Escaping The Resource Curse written by Macartan Humphreys and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-05-22 with Business & Economics categories.
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.
Escaping The Resource Curse
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Author : Macartan Humphreys
language : en
Publisher: Columbia University Press
Release Date : 2007
Escaping The Resource Curse written by Macartan Humphreys and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
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.
The Oxford Handbook Of Sovereign Wealth Funds
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Author : Douglas Cumming
language : en
Publisher: Oxford University Press
Release Date : 2017
The Oxford Handbook Of Sovereign Wealth Funds written by Douglas Cumming and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Business & Economics categories.
Sovereign Wealth Funds have become increasingly powerful and influential investors. Their increasing role, and unusual character as both political and market actors, raise a number of issues with regard to finance, politics, regulation, and international business. This handbook draws together the growing but fragmented research on SWFs.
The Political Economy Of Violence
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Author : Daniel S. Leon
language : en
Publisher: Universal-Publishers
Release Date : 2010-10
The Political Economy Of Violence written by Daniel S. Leon and has been published by Universal-Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10 with Political Science categories.
This study will attempt to answer the question of how can the rise in social violence since the 1980s be explained in the oil-rich nation of Venezuela? The once relatively peaceful nation of Venezuela has seen a dramatic rise in social violence over the last three decades that has placed her amongst some of the world's most dangerous countries. A review of the relevant literature will reveal that the study of a social phenomenon such as violence, in a nation such as Venezuela, is a complicated task because there are a number of different, but in many cases interlinked, variables that contribute to the formation of this social phenomenon. Therefore, the conceptual framework will consist of a multi-variable analysis so that this study may go about to formulate an appropriate explanation based on the complex causes and effects that surround this issue. However, special attention will be given to the nation's developmental history, which has given way to a severe socio-political crisis. Although special attention will be given to this important variable, no hierarchy of variables will be established, as the convoluted nature of social events makes it very difficult to formulate one. Other factors that will also be analyzed as they contribute to the rise of social violence are: the nation's vast hydrocarbon wealth (which is always an outstanding variable because of its economic importance), economic reform and liberalization, and the urbanization process. Although there have been several studies on oil-rich nations (including Venezuela), their economic dynamics, the Latin American urbanization process, and the Venezuelan political crisis, there is an absence of studies that include these intervening factors in a comprehensive manner. This study hopes to fill this gap.
The Oil Curse
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Author : Michael L. Ross
language : en
Publisher: Princeton University Press
Release Date : 2013-09-08
The Oil Curse written by Michael L. Ross and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-08 with Political Science categories.
Explaining—and solving—the oil curse in the developing world 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.
Escaping The Oil Curse And Making Poverty History
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Author : Arthur Bainomugisha
language : en
Publisher:
Release Date : 2006
Escaping The Oil Curse And Making Poverty History written by Arthur Bainomugisha and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Gas industry categories.
Understanding And Avoiding The Oil Curse In Resource Rich Arab Economies
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Author : Ibrahim Elbadawi
language : en
Publisher: Cambridge University Press
Release Date : 2019-05-16
Understanding And Avoiding The Oil Curse In Resource Rich Arab Economies written by Ibrahim Elbadawi and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-16 with Business & Economics categories.
For over eighty years the Arab region has derived massive wealth from its natural resources, yet the region's economies remain little diversified, while the oil market is experiencing major structural shifts with the advent of shale gas. Moreover, the resource itself is eventually exhaustible. Under these conditions economic prosperity cannot be sustainable. The critical question is how can the countries of this region escape the 'oil curse'? In this volume, leading economists argue that the curse is not a predestined outcome but a result of weak institutions and bad governance. A variety of analytical perspectives and examination of various international case studies leads to the conclusion that natural resources can only spur economic development when combined with sound political institutions and effective economic governance. This volume, with its unique focus on the Arab region, will be an important reference for researchers and policymakers alike.
The Resource Curse In The Persian Gulf
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Author : Mehran Kamrava
language : en
Publisher: Routledge
Release Date : 2020-05-21
The Resource Curse In The Persian Gulf written by Mehran Kamrava and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-21 with History categories.
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.
Escaping The Resource Curse
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Author : Macartan Humphreys
language : id
Publisher:
Release Date : 2007
Escaping The Resource Curse written by Macartan Humphreys and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Oil And Politics In The Gulf Of Guinea
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Author : Ricardo Soares de Oliveira
language : en
Publisher: [email protected]
Release Date : 2007
Oil And Politics In The Gulf Of Guinea written by Ricardo Soares de Oliveira and has been published by [email protected] this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
The Gulf of Guinea, on Africa's Atlantic coast, supplies fifteen per cent of America's oil and has recently experienced an immense inflow of investment. But why are American, European, and Asian oil companies enthusiastically committing tens of billions of dollars of long-term investment to the Gulf of Guinea's failing states, which are characterized by ruthless elites, recurrent warfare, and some of the world's most detrimental development practices? The answer is the Gulf's large petroleum reserves, which allow the elites of Angola, Equatorial Guinea, and Nigeria to reap the benefits of international investment and expertise regardless of their behavior. Their macabre partnership with importers, producers, and oil companies seems immune to the political tragedies festering across the Gulf of Guinea, where the state, while largely moribund, is kept from collapsing in order to keep oil flowing to its investors. Ricardo M. S. Soares de Oliveira analyzes the political economy of oil in this strategically vital region. He writes a conceptually sophisticated and empirically rich account of the Gulf's "successful failed states," providing insight on the peculiar political economy of oil and drawing a captivating portrait of the evils unleashed by the presence of petroleum.