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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, th...
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 story of how oil--and oil money--transformed political life in two major producer-nations
Advertising, long a controlling force in industrial society, has provoked an important body of imaginative work by English language writers. Michael Ross's Designing Fictions is the first study to investigate this symbiotic relationship on a broad scale. In view of the appreciable overlap between literary and promotional writing, Ross asks whether imaginative fiction has the latitude to critique advertising as an industry and as a literary form, and finds that intended critiques, time and again, turn out to be shot through with ambivalence. The texts considered include a wide range of books by British, American, and Canadian authors, from H.G. Wells’s pioneering fictional treatment of mass...
Improve your memory, sharpen your mind, and change your life—at any age! As we age, our memories become unreliable; we misplace things and forget details. In Ultimate Memory Magic, memory expert Jim Karol shows that these side effects of aging are not inevitable. His memory-boosting system, called “Cogmental Intelligence,” goes beyond preserving mental acuity and actually enhances memory and mental function through lifestyle changes and mental exercises. Concentration, alertness, and focus can all be strengthened—by anyone, at any age. Karol’s cutting-edge program will show readers how to: - Sharpen their thinking and regain their mental edge - Live healthier, mentally and physical...
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, th...
About the Book: This textbook is designed to inspire debate and discussion about the past, present, and future of the music industry--blending insights from legal, business, and policy perspectives. Students are introduced to the history of music as property in commerce; key technological and business milestones affecting all aspects of the creative process; legal protections for those who create music, those who own it, and those who want to use it; the competing (and recurring) policy debates from the past century that have influenced the way creative participants interact with one another; and the challenges and opportunities presented by the digital age. About the Authors: Julie Ross has...
Globalization, suggest the authors of this collection, is creating new opportunities - some legal, some illicit - for armed factions to pursue their agendas in civil war. Within this context, they analyze the key dynamics of war economies and the challenges posed for conflict resolution and sustainable peace. Thematic chapters consider key issues in the political economy of internal wars, as well as how differing types of resource dependency influence the scope, character, and duration of conflicts. Case studies of Burma, Colombia, Kosovo, Papua New Guinea, and Sri Lanka illustrate a range of ways in which belligerents make use of global markets and the transnational flow of resources. An underlying theme is the opportunities available to the international community to alter the economic incentive structure that inadvertently supports armed conflict.
The Bottom Billion is an elegant and impassioned synthesis from one of the world's leading experts on Africa and poverty. It was hailed as "the best non-fiction book so far this year" by Nicholas Kristoff of The New York Times.
Ross examines racial humour as a manifestation of post-colonialism and questions contemporary critiques of "political correctness." Looking at cartoons from pre-World War II issues of Punch, Ross shows how disdain for non-Europeans plays a key role in period British humour and links this idea to the racial humour in the work of Evelyn Waugh and Joyce Cary. He also demonstrates how these assumptions are later turned on their heads by writers such as Salman Rushdie.