Escaping the Resource Curse

Escaping the Resource Curse
Title Escaping the Resource Curse PDF eBook
Author Macartan Humphreys
Publisher Columbia University Press
Pages 429
Release 2007-05-22
Genre Business & Economics
ISBN 0231512104

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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. In this volume, leading economists, lawyers, and political scientists address the fundamental channels generated by this wealth and examine the major decisions a country must make when faced with an abundance of a natural resource. They identify such problems as asymmetric bargaining power, limited access to information, the failure to engage in long-term planning, weak institutional structures, and missing mechanisms of accountability. They also provide a series of solutions, including recommendations for contracting with oil companies and allocating revenue; guidelines for negotiators; models for optimal auctions; and strategies to strengthen state-society linkages and public accountability. The contributors show that solutions to the resource curse do exist; yet, institutional innovations are necessary to align the incentives of key domestic and international actors, and this requires fundamental political changes and much greater levels of transparency than currently exist. It is becoming increasingly clear that past policies have not provided the benefits they promised. Escaping the Resource Curse lays out a path for radically improving the management of the world's natural resources.

Understanding and Avoiding the Oil Curse in Resource-rich Arab

Understanding and Avoiding the Oil Curse in Resource-rich Arab
Title Understanding and Avoiding the Oil Curse in Resource-rich Arab PDF eBook
Author Ibrahim Elbadawi
Publisher Cambridge University Press
Pages 497
Release 2016-07-14
Genre Business & Economics
ISBN 1107141729

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A variety of perspectives from leading economists provides fresh insight into how Arab countries may best exploit their oil revenues.

Natural Resources, Neither Curse nor Destiny

Natural Resources, Neither Curse nor Destiny
Title Natural Resources, Neither Curse nor Destiny PDF eBook
Author Daniel Lederman
Publisher World Bank Publications
Pages 396
Release 2006-10-23
Genre Nature
ISBN 0821365460

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'Natural Resources: Neither Course nor Destiny' brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant natural resources. The evidence suggests that natural resources are neither a curse nor destiny. Natural resources can actually spur economic development when combined with the accumulation of knowledge for economic innovation. Furthermore, natural resource abundance need not be the only determinant of the structure of trade in developing countries. In fact, the accumulation of knowledge, infrastructure, and the quality of governance all seem to determine not only what countries produce and export, but also how firms and workers produce any good.

The Oxford Handbook of Sovereign Wealth Funds

The Oxford Handbook of Sovereign Wealth Funds
Title The Oxford Handbook of Sovereign Wealth Funds PDF eBook
Author Douglas Cumming
Publisher Oxford University Press
Pages 737
Release 2017
Genre Business & Economics
ISBN 0198754809

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Sovereign Wealth Funds have become increasingly powerful and influential investors. Their increasing role, and unusual character as both political and market actors, raise a number of issues with regard to finance, politics, regulation, and international business. This handbook draws together the growing but fragmented research on SWFs.

Oil to Cash

Oil to Cash
Title Oil to Cash PDF eBook
Author Todd Moss
Publisher CGD Books
Pages 190
Release 2015-06-10
Genre Business & Economics
ISBN 1933286695

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Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.

The Oil Curse

The Oil Curse
Title The Oil Curse PDF eBook
Author Michael L. Ross
Publisher Princeton University Press
Pages 314
Release 2013-09-08
Genre Political Science
ISBN 0691159637

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Explaining—and solving—the oil curse in the developing world Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth—and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats—and twice as likely to descend into civil war—than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.

The Political Economy of Accounting Reform in Developing Countries

The Political Economy of Accounting Reform in Developing Countries
Title The Political Economy of Accounting Reform in Developing Countries PDF eBook
Author Andrew Rosser
Publisher
Pages 46
Release 1999
Genre Accounting
ISBN 9780869056981

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