The Political Economy Of The Resource Curse
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The Political Economy Of The Resource Curse
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Author : Andrew Rosser
language : en
Publisher:
Release Date : 2006
The Political Economy Of The Resource Curse written by Andrew Rosser and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Conservation of natural resources categories.
This paper presents a critical survey of the literature on the "resource curse", focusing on three main questions: (i) are natural resources bad for development?; (ii) what causes the resource curse?; and, (iii) how can the resource curse be overcome? In respect of these questions, three observations are made. First, while the literature provides considerable evidence that natural resource abundance is associated with various negative development outcomes, this evidence is by no means conclusive. Second, existing explanations for the resource curse do not adequately account for the role of social forces or external political and economic environments in shaping development outcomes in resource abundant countries, nor for the fact that, while most resource abundant countries have performed poorly in developmental terms, a few have done quite well. Finally, recommendations for overcoming the resource curse have not generally taken into account the issue of political feasibility.
The Political Economy Of The Natural Resource Curse
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Author : Robert T. Deacon
language : en
Publisher:
Release Date : 2011
The Political Economy Of The Natural Resource Curse written by Robert T. Deacon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Political Science categories.
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.
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.
China S Contained Resource Curse
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Author : Jing Vivian Zhan
language : en
Publisher: Cambridge University Press
Release Date : 2022-03-31
China S Contained Resource Curse written by Jing Vivian Zhan 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 2022-03-31 with Political Science categories.
A novel empirical study of the 'resource curse' and the state response in contemporary China.
Confronting The Curse
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Author : Cullen S. Hendrix
language : en
Publisher: Peterson Institute for International Economics
Release Date : 2014
Confronting The Curse written by Cullen S. Hendrix and has been published by Peterson Institute for International Economics this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Geopolitik categories.
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
Rents To Riches
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Author : Naazneen Barma
language : en
Publisher: World Bank Publications
Release Date : 2011-12-08
Rents To Riches written by Naazneen Barma and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-08 with Business & Economics categories.
This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.
The Political Economy Of Resource Regulation
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Author : Andreas R.D. Sanders
language : en
Publisher: UBC Press
Release Date : 2019-04-01
The Political Economy Of Resource Regulation written by Andreas R.D. Sanders and has been published by UBC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-01 with Political Science categories.
Industrialist John Paul Getty famously quipped, “The meek shall inherit the earth, but not its mineral rights.” Throughout history, natural resources have been sources of wealth and power and catalysts for war and peace. The case studies gathered in this innovative volume examine how the intersection of ideas, interest groups, international institutions, and political systems gave birth to distinctive regulatory regimes at various times and places in the modern world. Spanning seven continents and focusing on both advanced and developing economies, it offers unique insights into why some resource-rich countries have flourished while others have been mired in poverty and corruption.
Beyond The Resource Curse
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Author : Brenda Shaffer
language : en
Publisher: University of Pennsylvania Press
Release Date : 2011-12-30
Beyond The Resource Curse written by Brenda Shaffer and has been published by University of Pennsylvania Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-12-30 with Political Science categories.
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.
The Politics And Economics Of Indonesia S Natural Resources
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Author : Budy P Resosudarmo
language : en
Publisher: Institute of Southeast Asian Studies
Release Date : 2005
The Politics And Economics Of Indonesia S Natural Resources written by Budy P Resosudarmo and has been published by Institute of Southeast Asian Studies this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Nature categories.
The challenges in using and managing natural resources in Indonesia are immense. They include ensuring that resource utilisation benefits most Indonesians; optimising the rate of exploitation of mineral reserves, bearing in mind the interests of future generations; and achieving sustainable forest and maritime exploitation. Recent rapid political change under reformasi and decentralisation may seem to have provided opportunities for a long-term development path that embraces both resource sus...
The Political Economy Of Natural Resource Funds
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Author : Eyene Okpanachi
language : en
Publisher: Springer Nature
Release Date : 2021-08-13
The Political Economy Of Natural Resource Funds written by Eyene Okpanachi and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-13 with Political Science categories.
This book aims to foster a better understanding of the particular challenges faced by resource-dependent countries or jurisdictions in managing their resource revenues through natural resource funds (NRFs). It explores the varieties of natural resource management strategies as dictated primarily by domestic politics, and how the potential negative distributional consequences of resource wealth management (the resource curse) may add political dimensions and potential conflicts to decisions about NRFs in ways that other sovereign wealth funds (SWFs) do not experience. By bridging the existing academic and practical knowledge gap arising from the limited attention given to the domestic politics of NRFs and state-society relations, this edited book is a valuable resource for academics, policymakers, and civil society actors in resource-driven economies and especially those interested in learning from comparative experiences of natural resource wealth management through NRFs.