Escaping the Resource Curse
-26 %

Escaping the Resource Curse

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ISBN-13:
9780231141963
Einband:
Buch
Erscheinungsdatum:
01.06.2007
Seiten:
408
Autor:
Macartan Humphreys
Gewicht:
721 g
Format:
237x161x37 mm
Serie:
Initiative for Policy Dialogue
Sprache:
Englisch
Beschreibung:
Examines the major decisions a country must make when faced with an abundance of a natural resource. This work provides a series of solutions, including recommendations for contracting with oil companies, and guidelines for negotiators. It lays out a path for radically improving the management of the world's natural resources.
The wealth derived from natural resources can have a tremendous impact on the economics and politics of producing countries. In the last quarter century, we have seen the surprising and sobering consequences of this wealth, producing what is now known as the "resource curse." Countries with large endowments of natural resources, such as oil and gas, often do worse than their poorer neighbors. Their resource wealth frequently leads to lower growth rates, greater volatility, more corruption, and, in extreme cases, devastating civil wars.