January 3, 2011

Is the Resource Curse Real?

International Relations and Security Network, International Relations and Security Network

AP Photo

This paper undertakes a critical survey of the ‘resource curse’ and examines the proposition that mineral and fuel abundance generates growth-restricting forms of state intervention and extraordinarily large degrees of rent-seeking and corruption. The analysis surveys the Dutch Disease, rentier state, and rent-seeking versions of the resource curse and finds they have significant shortcomings in terms of both theory and evidence. It also discusses particular growth strategies that have been effective in producing long-run economic growth in mineral- and fuel-abundant developing countries.

Read Full Article ››

TAGGED: Resource Wars, Resource-Politik, oil

RECOMMENDED ARTICLES

May 12, 2012
Around the World, Energy War Heating Up
Michael Klare, The Nation
Conflict and intrigue over valuable energy supplies have been features of the international landscape for a long time. Major wars over oil have been fought every decade or so since World War I, and smaller engagements have... more ››
The viability of water supplies throughout key regions of China, India, Pakistan, South Africa and the US are under threat from unsustainable domestic, agricultural and industrial demands, according to a new study that maps water... more ››
May 17, 2012
The Future of Oil
International Monetary Fund
We discuss and reconcile two diametrically opposed views concerning the future of world oil production and prices. The geological view expects that physical constraints will dominate the future evolution of oil output and prices.... more ››