Sustaining development in mineral economies : the resource curse thesis
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Bibliographic Information
Sustaining development in mineral economies : the resource curse thesis
Routledge, 1993
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Note
Includes bibliographical references (p. 259-268) and index
Description and Table of Contents
Description
It is widely believed that natural mineral resources are desirable. However there is growing evidence that this may not always be the case. Indeed, it seems that natural assets can distort the economy to such a degree that the benefit actually becomes a curse.
In Sustaining Development in Mineral Economies, Richard Auty highlights these drawbacks and the devastating effect they can have on developing economies. With reference to six ore-exporters (viz. Peru, Bolivia, Chile, Jamaica, Zambia and Papua New Guinea) he outlines how things can go badly wrong. He particularly stresses the need to avoid `Dutch Disease' whereby competitiveness is drained out of the agriculture and manufacturing sectors so that in the long term growth falters.
Table of Contents
List of figures and tables, 1 THE RESOURCE CURSE THESIS AND MINERAL ECONOMIES, Part I: Coping with mineral price downswings, Part II: Macro policy in four developing American countries, Part III: Sectoral resilience in the developing Americas, Part IV: Inter-cultural comparison, Part V: Conclusions and policy implications, References, Index
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