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Confronting the Curse - The Economics and Geopolitics of Natural Resource Governance (Paperback)
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Confronting the Curse - The Economics and Geopolitics of Natural Resource Governance (Paperback)
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Countries blessed with abundant natural resources often seek
financial and political power from their supposedly lucky status.
But the potentially negative impact of natural resources on
development of poor countries is captured in the phrase "the
resource curse." Instead of success and prosperity, producers of
gold, oil, rubber, sugar, and other commodities-many in the least
developed parts of Africa and Asia-often remain mired in poverty
and plagued by economic mismanagement, political authoritarianism,
foreign exploitation, and violent conflict. These difficulties and
the many challenges they pose for American foreign policy are the
focus of this important new book. Marcus Noland and Cullen S.
Hendrix review recent developments as poor countries struggle to
avoid the "resource curse" but fall too often into that trap. They
call for support for international efforts to encourage greater
transparency and improved management of natural resource wealth and
for new partnerships between the West and the developing world to
"confront the curse."
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