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Author : Victor Menaldo
Release : 2016-08-25
Genre : Business & Economics
Kind : eBook
Book Rating : 604/5 ( reviews)
Book Synopsis The Institutions Curse by : Victor Menaldo
Download or read book The Institutions Curse written by Victor Menaldo. This book was released on 2016-08-25. Available in PDF, EPUB and Kindle. Book excerpt: Debunks the view that natural resources lead to terrible outcomes by demonstrating that oil and minerals are actually a blessing.
Author : Michael L. Ross
Release : 2013-09-08
Genre : Political Science
Kind : eBook
Book Rating : 637/5 ( reviews)
Book Synopsis The Oil Curse by : Michael L. Ross
Download or read book The Oil Curse written by Michael L. Ross. This book was released on 2013-09-08. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Sevil Acar
Release : 2017-02-20
Genre : Business & Economics
Kind : eBook
Book Rating : 237/5 ( reviews)
Book Synopsis The Curse of Natural Resources by : Sevil Acar
Download or read book The Curse of Natural Resources written by Sevil Acar. This book was released on 2017-02-20. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the paradox that resource-rich countries often struggle to manage their resources in a way that will help their economies thrive. It looks at how a country's political regime and quality of governance can determine the degree to which it benefits - or suffers - from having natural resources, shifting away from the traditional focus on economic growth data to study the complex implications of these resources for human well-being and sustainable development. To this end, Acar examines a panel of countries in terms of the effects of their natural resources on human development and genuine saving, which is a sustainability indicator that takes into account the welfare of future generations by incorporating the changes in different kinds of capital. Acar finds that the exportation of agricultural raw materials is associated with significant deterioration in human development, while extractive resource exports, such as energy and minerals, have negative implications for genuine savings. Next, the book compares the development path of Norway before and after discovering oil, contrasting it with Sweden's development. The two countries, which followed almost identical paths until the 1970s, diverged significantly in terms of per capita income after Norway found oil.
Author : Victor Menaldo
Release : 2016-08-16
Genre : Political Science
Kind : eBook
Book Rating : 470/5 ( reviews)
Book Synopsis The Institutions Curse by : Victor Menaldo
Download or read book The Institutions Curse written by Victor Menaldo. This book was released on 2016-08-16. Available in PDF, EPUB and Kindle. Book excerpt: The 'resource curse' is the view that countries with extensive natural resources tend to suffer from a host of undesirable outcomes, including the weakening of state capacity, authoritarianism, fewer public goods, war, and economic stagnation. This book debunks this view, arguing that there is an 'institutions curse' rather than a resource curse. Legacies endemic to the developing world have impelled many countries to develop natural resources as a default sector in lieu of cultivating modern and diversified economies, and bad institutions have also condemned nations to suffer from ills unduly attributed to minerals and oil. Victor Menaldo also argues that natural resources can actually play an integral role in stimulating state capacity, capitalism, industrialization, and democracy, even if resources are themselves often a symptom of underdevelopment. Despite being cursed by their institutions, weak states are blessed by their resources: greater oil means more development, both historically and across countries today.
Author : Mr.Arvind Subramanian
Release : 2003-07-01
Genre : Nature
Kind : eBook
Book Rating : 067/5 ( reviews)
Book Synopsis Addressing the Natural Resource Curse by : Mr.Arvind Subramanian
Download or read book Addressing the Natural Resource Curse written by Mr.Arvind Subramanian. This book was released on 2003-07-01. Available in PDF, EPUB and Kindle. Book excerpt: 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.
