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| Author | : Richard M. Auty |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 278 |
| Release | : 2019 |
| Genre | : Business & Economics |
| ISBN | : 0198828861 |
This book compares models of low-rent and high-rent development to explain the divergent growth of regions and to query the continued prioritization of industrialization over agriculture and export services as the engine of economic prosperity.
| Author | : Syed Mansoob Murshed |
| Publisher | : Agenda Publishing |
| Total Pages | : 172 |
| Release | : 2018 |
| Genre | : Business & Economics |
| ISBN | : |
The "resource curse," or "paradox of plenty," refers to the long-established notion central in development economics that countries rich in natural resources, particularly minerals and fuels, perform less well economically than countries with fewer natural resources. In other words, resources are an economic curse rather than a blessing. This short primer explores the complexities of this idea and the debates that surround it, in particular under what conditions the resource curse might operate, if not universal. Discussion ranges over the nature of resource booms, the benefits and costs of export-led growth, the problems of deindustrialization and manufacturing base erosion, rent-seeking behavior and corruption, and the empirical evidence of the effects of natural resource dependence on growth. The treatment is nontechnical and accessible, drawing throughout on a range of illustrative examples from across the developed and developing world. The Resource Curse offers an authoritative introduction to one of the most perplexing issues of economic growth.
| Author | : Mr.Arvind Subramanian |
| Publisher | : International Monetary Fund |
| Total Pages | : 47 |
| Release | : 2003-07-01 |
| Genre | : Nature |
| ISBN | : 1451856067 |
Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been primarily responsible for Nigeria's poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance.
| Author | : Mehran Kamrava |
| Publisher | : Routledge |
| Total Pages | : 196 |
| Release | : 2020-05-21 |
| Genre | : History |
| ISBN | : 1000727092 |
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.
| Author | : Jonathan Di John |
| Publisher | : Penn State Press |
| Total Pages | : 215 |
| Release | : 2015-12-21 |
| Genre | : Business & Economics |
| ISBN | : 0271076909 |
Since the discovery of abundant oil resources in the 1920s, Venezuela has had an economically privileged position among the nations of Latin America, which has led to its being treated by economic and political analysts as an exceptional case. In her well-known study of Venezuela’s political economy, The Paradox of Plenty (1997), Stanford political scientist Terry Karl argued that this oil wealth induced extraordinary corruption, rent-seeking, and centralized intervention that resulted in restricting productivity and growth. What this and other studies of Venezuela’s economy fail to explain, however, is how such conditions have accompanied both growth and stagnation at different periods of Venezuela’s history and why countries experiencing similar levels of corruption and rent-seeking produce divergent developmental outcomes. By investigating the record of economic development in Venezuela from 1920 to the present, Jonathan Di John shows that the key to explaining why the economy performed much better between 1920 and 1980 than in the post-1980 period is to understand how political strategies interacted with economic strategies—specifically, how politics determined state capacity at any given time and how the stage of development and development strategies affected the nature of political conflicts. In emphasizing the importance of an approach that looks at the political economy, not just at the economy alone, Di John advances the field methodologically while he contributes to a long-needed history of Venezuela’s economic performance in the twentieth century.
| Author | : Michael L. Ross |
| Publisher | : Princeton University Press |
| Total Pages | : 314 |
| Release | : 2013-09-08 |
| Genre | : Political Science |
| ISBN | : 0691159637 |
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.
| Author | : Frank Peretti |
| Publisher | : Thomas Nelson Inc |
| Total Pages | : 285 |
| Release | : 2008-02 |
| Genre | : Juvenile Fiction |
| ISBN | : 1595544453 |
This story could have come straight from the headlines about many schools around the country and will lead kids and young adults to an understanding of peer pressure and the pain that comes from being different. In Baker, Washington, three popular student athletes lie in comas following loss of muscle coordination, severe paranoia, and hallucinations. It's whispered that they're victims of Abel Frye, the cursed ghost who has haunted the school since he died there in the 1930s. Now the curse is spreading, and the students are running scared. Veritas means truth and this series is uniquely positioned to help teenagers discover truth for themselves. As the author of This Present Darkness and as someone who struggled through his teenage years, no one is better suited than Frank Peretti to join with readers on this quest for truth.
| Author | : Victor Menaldo |
| Publisher | : Cambridge University Press |
| Total Pages | : 417 |
| Release | : 2016-08-25 |
| Genre | : Business & Economics |
| ISBN | : 1107138604 |
Debunks the view that natural resources lead to terrible outcomes by demonstrating that oil and minerals are actually a blessing.
| Author | : Harold Robbins |
| Publisher | : Forge Books |
| Total Pages | : 329 |
| Release | : 2011-11-08 |
| Genre | : Fiction |
| ISBN | : 1466833726 |
Art investigator Madison Dupre knows a fake when she sees it. When the mysterious Dr. Kaseem offers to pay her a handsome sum to "ransom" a scarab stolen from the tomb of King Tut, her gut tells her to walk away. Since she still needs to pay the rent, Madison throws caution to wind and prepares to search for the Heart of Egypt. Before she can pack a suitcase, she finds herself framed for murder and on the run. Her leads take her to Stonehenge, England, where a Druid sex cult worships a "goddess of love," a woman with enough personal wealth to buy a host of admirers. Madison finds an admirer of her own in Rafi al-Din, an Egyptian antiquities investigator she knows she can't trust, but who arouses her passions. Drawn to Egypt in search of the scarab, Madison is trapped in the land of the Pharaohs when her passport is seized at the airport. She knows she is being played by Kaseem, who believes the Heart has the power to galvanize the masses to support his secret cause. From the famed Khan marketplace, to the Valley of the Kings and the incredible colossi at Abu Simbel, Madison treads a careful path among tomb robbers, assassins, and political fanatics. She must dodge curses both ancient and modern to stay alive. The wild and epic stories of Harold Robbins live on in this sweeping series by Junius Podrug. At the Publisher's request, this title is being sold without Digital Rights Management Software (DRM) applied.
| Author | : Richard Auty |
| Publisher | : Routledge |
| Total Pages | : 306 |
| Release | : 2002-09-26 |
| Genre | : Business & Economics |
| ISBN | : 1134867891 |
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.
