Why Does Development Fail in Resource Rich Economies

Why Does Development Fail in Resource Rich Economies : The Catch 22 of Mineral Wealth

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There has been a lot of interest within the scientific and policy communities in the `resource curse'; that is, the tendency of mineral rich economies to turn into development failures. Yet, after more than 20 years of intensive research and action, `the curse' still lingers as a very real global problem, because of volatile mineral prices, bad governance and conflict. This book incorporates current original research on the resource curse (from some of the most prominent contributors to this literature), combined with a critical reflection on the current stock of knowledge. It is a unique attempt to provide a more holistic and interdisciplinary picture of the resource curse and its multi-scale effects. This edited volume reflects the current academic diversity that characterises the resource curse literature with a mix of different methodological approaches (both quantitative and qualitative analyses) and a diverse geographical focus (Latin America, Sub-Saharan Africa, global). Taken together the studies emphasize the complexities and conditionalities of the `curse' - its presence/intensity being largely context-specific, depending on the type of resources, socio-political institutions and linkages with the rest of the economy and society. This book was originally published as a special issue of the Journal of Development Studies.show more

Product details

  • Hardback | 150 pages
  • 171 x 248mm
  • Taylor & Francis Ltd
  • London, United Kingdom
  • English
  • 113889558X
  • 9781138895584

About Elissaios Papyrakis

Elissaios Papyrakis is Senior Lecturer in Economics at the International Institute of Social Studies of the Erasmus University Rotterdam in the Netherlands and in the School of International Development of the University of East Anglia in the UK. His work lies at the intersection of environment and development issues.show more

Table of contents

1. The Resource Curse - What Have We Learned from Two Decades of Intensive Research: Introduction to the Special Issue Elissaios Papyrakis 2. The Anthropology of Extraction: Critical Perspectives on the Resource Curse Emma Gilberthorpe and Dinah Rajak 3. The Impact of Natural Resources: Survey of Recent Quantitative Evidence Frederick van der Ploeg and Steven Poelhekke 4. The Institutional and Psychological Foundations of Natural Resource Policies Paul Collier 5. Guyana Gold: A Unique Resource Curse? Gavin Hilson and Tim Laing 6. Righting the Resource Curse: Institutional Politics and State Capabilities in Edo State, Nigeria Doug Porter and Michael Watts 7. Natural Resources and Small Island Economies: Mauritius and Trinidad and Tobago R. M. Auty 8. Resources and Governance in Sierra Leone's Civil War Maarten Voors, Peter van der Windt, Kostadis J. Papaioannou and Erwin Bulte 9. Corruption and the Extractive Industries Transparency Initiative Elissaios Papyrakis, Matthias Rieger and Emma Gilberthorpe ãshow more