The Curse of Natural Resources

A Developmental Analysis in a Comparative Context

Business & Finance, Economics, Urban & Regional
Cover of the book The Curse of Natural Resources by Sevil Acar, Palgrave Macmillan US
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Sevil Acar ISBN: 9781137587237
Publisher: Palgrave Macmillan US Publication: February 20, 2017
Imprint: Palgrave Macmillan Language: English
Author: Sevil Acar
ISBN: 9781137587237
Publisher: Palgrave Macmillan US
Publication: February 20, 2017
Imprint: Palgrave Macmillan
Language: English

This book examines the paradox that resource-rich countries often struggle to manage their resources in a way that will help their economies thrive. It looks at how a country's political regime and quality of governance can determine the degree to which it benefits - or suffers - from having natural resources, shifting away from the traditional focus on economic growth data to study the complex implications of these resources for human well-being and sustainable development. To this end, Acar examines a panel of countries in terms of the effects of their natural resources on human development and genuine saving, which is a sustainability indicator that takes into account the welfare of future generations by incorporating the changes in different kinds of capital. Acar finds that the exportation of agricultural raw materials is associated with significant deterioration in human development, while extractive resource exports, such as energy and minerals, have negative implications for genuine savings. Next, the book compares the development path of Norway before and after discovering oil, contrasting it with Sweden's development. The two countries, which followed almost identical paths until the 1970s, diverged significantly in terms of per capita income after Norway found oil.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book examines the paradox that resource-rich countries often struggle to manage their resources in a way that will help their economies thrive. It looks at how a country's political regime and quality of governance can determine the degree to which it benefits - or suffers - from having natural resources, shifting away from the traditional focus on economic growth data to study the complex implications of these resources for human well-being and sustainable development. To this end, Acar examines a panel of countries in terms of the effects of their natural resources on human development and genuine saving, which is a sustainability indicator that takes into account the welfare of future generations by incorporating the changes in different kinds of capital. Acar finds that the exportation of agricultural raw materials is associated with significant deterioration in human development, while extractive resource exports, such as energy and minerals, have negative implications for genuine savings. Next, the book compares the development path of Norway before and after discovering oil, contrasting it with Sweden's development. The two countries, which followed almost identical paths until the 1970s, diverged significantly in terms of per capita income after Norway found oil.

More books from Palgrave Macmillan US

Cover of the book The Development of Consumer Credit in Global Perspective by Sevil Acar
Cover of the book Feminist Theory in Pursuit of the Public by Sevil Acar
Cover of the book Grassroots Advocacy and Health Care Reform by Sevil Acar
Cover of the book Social Security and the Politics of Deservingness by Sevil Acar
Cover of the book The Democratization of Albania by Sevil Acar
Cover of the book Rethinking the Romance Genre by Sevil Acar
Cover of the book Front Line Public Diplomacy by Sevil Acar
Cover of the book Space, Gender, and Memory in Middle English Romance by Sevil Acar
Cover of the book Conflicts and Wars by Sevil Acar
Cover of the book Employment Guarantee Schemes by Sevil Acar
Cover of the book Organizations in the Face of Crisis by Sevil Acar
Cover of the book Global, Regional and Local Dimensions of Western Sahara’s Protracted Decolonization by Sevil Acar
Cover of the book An Ethnography of Household Energy Demand in the UK by Sevil Acar
Cover of the book The Evolution of Modern Fantasy by Sevil Acar
Cover of the book Brazil on the Global Stage by Sevil Acar
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy