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The Political Economy of Resources and Development offers a unique
and multidisciplinary perspective on how the commodity boom of the
mid-2000s reshaped the model of development throughout Latin
America and elsewhere in the developing world. Governments
increased taxes and royalties on the resource sector, the
nationalization of foreign firms returned to the mainstream
economic policy agenda, and public spending on social and
developmental goals surged. These trends, often described as
resource nationalism, have developed into a strategy for economic
development, generated a re-imagining of the state and its
institutional possibilities, and created a new but very significant
political risk for extractive enterprises. However, these
innovations, which constitute the most dramatic change in
development policy in Latin America since the advent of
neoliberalism, have so far received little attention from either
academic or policy-oriented publications. This book explores the
reasons behind these policies, and their effects on states, firms,
and development trajectories. This text brings together renowned
thematic experts to examine the political-economic causes of
resource nationalism, as well as its manifestation in six Latin
American countries. The causal variables considered by the
contributors to this collection include a range of
political-economic determinants of policy including commodity
prices; the influence of ideology and national politics; ideas
about industrial policy; relations between host governments and
investors; and how countries respond to opportunities provided by
regional initiatives and the new geography of the global economy.
This volume is essential reading in development economics,
political economy, and Latin American studies, as well as for those
who want to understand what economic development means after
neoliberalism.
The Political Economy of Resources and Development offers a unique
and multidisciplinary perspective on how the commodity boom of the
mid-2000s reshaped the model of development throughout Latin
America and elsewhere in the developing world. Governments
increased taxes and royalties on the resource sector, the
nationalization of foreign firms returned to the mainstream
economic policy agenda, and public spending on social and
developmental goals surged. These trends, often described as
resource nationalism, have developed into a strategy for economic
development, generated a re-imagining of the state and its
institutional possibilities, and created a new but very significant
political risk for extractive enterprises. However, these
innovations, which constitute the most dramatic change in
development policy in Latin America since the advent of
neoliberalism, have so far received little attention from either
academic or policy-oriented publications. This book explores the
reasons behind these policies, and their effects on states, firms,
and development trajectories. This text brings together renowned
thematic experts to examine the political-economic causes of
resource nationalism, as well as its manifestation in six Latin
American countries. The causal variables considered by the
contributors to this collection include a range of
political-economic determinants of policy including commodity
prices; the influence of ideology and national politics; ideas
about industrial policy; relations between host governments and
investors; and how countries respond to opportunities provided by
regional initiatives and the new geography of the global economy.
This volume is essential reading in development economics,
political economy, and Latin American studies, as well as for those
who want to understand what economic development means after
neoliberalism.
The most comprehensive introduction to international development,
with chapters by leading experts who explore the field's most
pressing issues and debates. Introduction to International
Development is a collection of contributed chapters comprised of
original essays by leading experts from a variety of disciplines.
With four new chapters and the most up-to-date content on the
global COVID-19 pandemic, this fully revised edition continues to
give students a foundational overview to the field as well as
in-depth coverage of issues at the heart of today's most pressing
international debates.
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