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Why Does Development Fail in Resource Rich Economies - The Catch 22 of Mineral Wealth (Paperback)
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Why Does Development Fail in Resource Rich Economies - The Catch 22 of Mineral Wealth (Paperback)
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There has been a lot of interest within the scientific and policy
communities in the 'resource curse'; that is, the tendency of
mineral rich economies to turn into development failures. Yet,
after more than 20 years of intensive research and action, 'the
curse' still lingers as a very real global problem, because of
volatile mineral prices, bad governance and conflict. This book
incorporates current original research on the resource curse (from
some of the most prominent contributors to this literature),
combined with a critical reflection on the current stock of
knowledge. It is a unique attempt to provide a more holistic and
interdisciplinary picture of the resource curse and its multi-scale
effects. This edited volume reflects the current academic diversity
that characterises the resource curse literature with a mix of
different methodological approaches (both quantitative and
qualitative analyses) and a diverse geographical focus (Latin
America, Sub-Saharan Africa, global). Taken together the studies
emphasize the complexities and conditionalities of the 'curse' -
its presence/intensity being largely context-specific, depending on
the type of resources, socio-political institutions and linkages
with the rest of the economy and society. This book was originally
published as a special issue of the Journal of Development Studies.
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