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The Political Economy of the Resource Curse

The Political Economy of the Resource Curse
Author: Andrew Rosser
Publisher:
Total Pages: 42
Release: 2006
Genre: Conservation of natural resources
ISBN:

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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

The Political Economy of the Natural Resource Curse
Author: Robert T. Deacon
Publisher:
Total Pages: 110
Release: 2011
Genre: Political Science
ISBN: 9781601984968

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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.


Rents to Riches?

Rents to Riches?
Author: Naazneen Barma
Publisher: World Bank Publications
Total Pages: 303
Release: 2011-12-08
Genre: Business & Economics
ISBN: 0821387162

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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 Oxford Handbook of the Politics of Development

The Oxford Handbook of the Politics of Development
Author: Carol Lancaster
Publisher: Oxford University Press
Total Pages: 753
Release: 2018
Genre: Political Science
ISBN: 0199845158

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Modernization theory : does economic development cause democratization? / Jose Antonio Cheibub and James Raymond Vreeland -- Dependency theory / James Mahoney and Diana Rodriguez-Franco -- Structuralism / Elliott Green -- Political development / Robert H. Bates -- The Washington Consensus and the new political economy of economic reform / Kevin Morrison -- Penury traps and prosperity tales : why some countries escape poverty while others do not / M. Steven Fish -- Culture, politics and development / Michael Woolcock -- Religion, politics and economic development : synergies and disconnects / Katherine Marshall -- Does inequality harm economic development and democracy? : accounting for missing values, noncomparable observations, and endogeneity / Christian Houle -- Ethnicity and development / Nic Cheeseman -- Civil conflict and development / Håvard Hegre -- The politics of the resource curse : a review / Michael L. Ross -- Taxation and development / Mick Moore -- How do governments build capabilities to do great things? : ten cases, two competing explanations, one large research agenda / Matt Andrews -- Leadership and the politics of development / Adrian Leftwich and Heather Lyne De Ver -- Colonialism and development in africa / Leander Heldring and James A. Robinson -- Investment and debt / Layna Mosley -- The role of the state in harnessing trade-and-investment for development purposes / Theodore H. Moran -- International financial institutions and market liberalization in the developing world / Stephen C. Nelson -- Foreign aid and democratization in developing countries / Danielle Resnick -- Organizing for prosperity : collective action, political parties, and the political economy of development / Philip Keefer -- Missing links in the institutional chain / Anirudh Krishna -- The comparative politics of service delivery in developing countries / Evan S. Lieberman -- Party systems and the politics of development / Allen Hicken -- Populism and political representation / Kenneth M. Roberts -- Africa's political economy in the contemporary era / Peter M. Lewis -- The politics of development in Latin America and East Asia / James W. McGuire -- Development and underdevelopment in the Middle East and North Africa / Melani Cammett -- Rethinking the institutional foundations of china's hypergrowth : official incentives, institutional constraints, and local developmentalism / Fubing Su, Ran Tao, and Dali L. Yang -- The politics of growth in South Korea : miracle, crisis, and the new market economy / Stephan Haggard and Myung-Koo Kang


Confronting the Curse

Confronting the Curse
Author: Cullen S. Hendrix
Publisher: Peterson Institute for International Economics
Total Pages: 221
Release: 2014
Genre: Business & Economics
ISBN: 0881326763

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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


The Oil Curse

The Oil Curse
Author: Michael L. Ross
Publisher: Princeton University Press
Total Pages: 314
Release: 2013-09-08
Genre: Political Science
ISBN: 0691159637

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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.


The Institutions Curse

The Institutions Curse
Author: Victor Menaldo
Publisher: Cambridge University Press
Total Pages: 417
Release: 2016-08-25
Genre: Political Science
ISBN: 1107138604

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Debunks the view that natural resources lead to terrible outcomes by demonstrating that oil and minerals are actually a blessing.


Winners and Losers

Winners and Losers
Author: D. Michael Shafer
Publisher: Cornell University Press
Total Pages: 296
Release: 1994
Genre: Business & Economics
ISBN: 9780801481888

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Understanding and Avoiding the Oil Curse in Resource-rich Arab

Understanding and Avoiding the Oil Curse in Resource-rich Arab
Author: Ibrahim Elbadawi
Publisher: Cambridge University Press
Total Pages: 497
Release: 2016-07-14
Genre: Business & Economics
ISBN: 1107141729

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A variety of perspectives from leading economists provides fresh insight into how Arab countries may best exploit their oil revenues.


China's Contained Resource Curse

China's Contained Resource Curse
Author: Jing Vivian Zhan
Publisher: Cambridge University Press
Total Pages: 237
Release: 2022-03-31
Genre: Political Science
ISBN: 131651126X

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A novel empirical study of the 'resource curse' and the state response in contemporary China.