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Sustaining Development in Mineral Economies
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.
Resource Abundance and Economic Development
Since the 1960s the per capita incomes of the resource-poor countries have grown significantly faster than those of the resource-abundant countries. In fact, in recent years economic growth has been inversely proportional to the share of natural resource rents in GDP, so that the small mineral-driven economies have performed least well and the oil-driven economies worst of all. Yet the mineral-driven resource-rich economies have high growth potential because the mineral exportsboost their capacity to invest and to import."Resource Abundance and Economic Development" explains the disappointing performance of resource-abundant countries by extending the growth accounting framework to include n...
The Rent Curse
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.
Sustainable Development in Mineral Economies
This book discusses mineral economies in Botswana, Chile, Colombia, Indonesia, Jamaica, Namibia, Papua New Guinea, Peru, and Trinidad and Tobago.
International Handbook of Development Economics
The essays are concise, yet comprehensive, and each essay contains a substantial set of references, which an interested researcher or student could follow up. . . In addition to representing multidisciplinary interactions, this collection encompasses several different perspectives within development economics, so the reader can learn, for example, both about neoclassical approaches and dependency theories in the same volume. This makes the collection unique and all the more valuable. . . This is a very good reference collection, as the individual essays are informative and provide a good overall perspective on the topic that they set out to address. The extensive bibliography at the end of e...
Environmental Politics
Shannon O'Lear brings a geographer's perspective to environmental politics. The book considers issues of climate change, energy, food security, toxins, waste, and resource conflict to explore how political, economic, ideological and military power have contributed to the generation of environmental issues and the formation of dominant narratives about them. The book encourages the reader to think critically about the power dynamics that shape (and limit) how we think about environmental issues and to expand the reader's understanding of why it matters that these issues are discussed at particular spatial scales. Applying a geographer's sense of scale and power leads to a better understanding of the complexity of environmental issues and will help formulate mitigation and adaptation strategies. The book will appeal mainly to advanced students and researchers from a geography background, but also to social and political scientists who wish to look at the topic from this different perspective.
Natural Resources and Economic Growth
The relationship between natural capital and economic growth is an open debate in the field of economic development. Is an abundance of natural resources a blessing or a curse for economic performance? The field of Economic History offers an excellent vantage to explore the relevance of institutions, technical progress and supply-demand drivers. Natural Resources and Economic Growth contains theoretical and empirical articles by leading scholars who have studied this subject in different historical periods from the 19th century to the present day and in different parts of the world. Part I presents the theoretical issues and discusses the meaning of the "curse" and the relevance of the histo...
Challenging the Orthodoxies
This book provides an up-to-date interdisciplinary critique of the new economic orthodoxy as represented by the Washington Consensus. The originator of the term, John Williamson, updates his original thesis which is then discussed by an interdisciplinary group of scholars that includes economists, environmentalists, political scientists, institutionalists, sociologists and a philosopher. The papers span a range of viewpoints which includes sympathetic modifications to the consensus as well as strong rejections of it.
Petroleum Resource Management in Africa
This book explores Ghana’s newfound oil wealth and how the revenues it generates can be used to produce inclusive economic growth and development. Comparisons are made with neighboring countries, including Nigeria, Angola, and Equatorial Guinea, to highlight how petroleum resources can create jobs, increase research and development skills, and generate government revenue to invest in local services and infrastructure. The impact of global developments, such as the 2014-16 oil slump and innovation within the industry, are also covered. Petroleum Resource Management in Africa to provide policy suggestions and an operational framework for other petroleum producing countries. It will be of interest to academics and policymakers interested in resource and development economics.
