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Author: Macartan Humphreys
Publisher: Columbia University Press
ISBN: 0231512104
Category : Business & Economics
Languages : en
Pages : 429
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Book Description
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.
Author: Macartan Humphreys
Publisher: Columbia University Press
ISBN: 0231512104
Category : Business & Economics
Languages : en
Pages : 429
Get Book Here
Book Description
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.
Author: Macartan Humphreys
Publisher: Columbia University Press
ISBN: 0231141963
Category : Business & Economics
Languages : en
Pages : 429
Get Book Here
Book Description
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.
Author: Todd Moss
Publisher: CGD Books
ISBN: 1933286695
Category : Business & Economics
Languages : en
Pages : 190
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Book Description
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.
Author: Douglas Cumming
Publisher: Oxford University Press
ISBN: 0198754809
Category : Business & Economics
Languages : en
Pages : 737
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Book Description
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.
Author: Daniel Lederman
Publisher: World Bank Publications
ISBN: 0821365460
Category : Nature
Languages : en
Pages : 396
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Book Description
'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.
Author: Jeffrey D. Sachs
Publisher: Random House Canada
ISBN: 0307359972
Category : Business & Economics
Languages : en
Pages : 337
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Book Description
For the first time, Jeffrey Sachs, the pre-eminent economist of our times, turns his attention to his homeland, the United States, to reveal the stunning inadequacy of American-style capitalism and to offer a bold and ambitious plan to change it. Jeffrey Sachs has visited more than a hundred countries on five continents, invited to help diagnose and cure seemingly intractable economic problems. Now, in the wake of the worst recession in recent history, Sachs turns his focus on the United States. The complexity of the world economy means that the American form of capitalism, which has been exported around the globe, brought the world to the brink of the precipice--and it will do so again, if measures aren't taken to fix it. This will require not only government action but for US citizens to reach a consensus on their government's role in everyday life and on their basic values--hugely controversial issues in recent years. The scary thing is if they don't, it will affect us all. The good news is that Sachs, in this book, clearly and persuasively leads his readers to an understanding of what the common ground of reform can and should--indeed, must--be.
Author: Atsushi Iimi
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 38
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Book Description
Botswana is typical of the countries that are endowed with abundant natural resources. Although it is commonly accepted that resource-rich economies tend to fail in accelerating growth, Botswana has experienced the most remarkable economic performance in the region. Using the latest cross-country data, this study empirically readdresses the question of whether resource abundance can contribute to growth. It finds that governance determines the extent to which the growth effects of resource wealth can materialize. In developing countries in particular, the quality of regulation, such as the predictability of changes of regulations, and anticorruption policies, such as transparency and accountability in the public sector, are most important for effective natural resource management and growth.
Author: Andrew Rosser
Publisher:
ISBN: 9780869056981
Category : Accounting
Languages : en
Pages : 46
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Book Description
Author: P. H. Liotta
Publisher: Praeger
ISBN:
Category : Nature
Languages : en
Pages : 216
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Book Description
Highlighting the connections between climate change and human security, this book offers an examination of the meaning of climate change and global warming while maintaining a perspective on the implications of environmental effects on all forms of security - national, international, and human. Highlighting the connections between climate change and human security, this book elucidates possible outcomes such as a sudden inability to produce enough food, rapidly advancing desertification producing water scarcities where none existed before, and greater demands for energy, resulting in increased air pollution. The destabilising effects of these possibilities create many potential challenges for national security in a globalised world, which we may lead to greater military intervention. This book offers a broad examination of the meaning of climate change and global warming while maintaining a strategic perspective on the implications of environmental effects on all forms of security - national, international, and human (transcending borders and having more to do with basic resources). Given the uncertainty surrounding climate change as a specific event, the authors argue for recognising the profound social, political, and human impact that could take place in the coming years. While recognising the inherent dangers of prediction, the authors effectively present the case that the time to not only recognise - but deal with - potentially profound outcomes is now.
Author: Karl Wohlmuth
Publisher: Lit Verlag
ISBN:
Category : Business & Economics
Languages : en
Pages : 676
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Book Description
This volume analyses policy-oriented papers, development projections, and proposals of how to overcome African countries' dependence on a few primary commodities. African countries' state of commodity dependence, their efforts to diversify exports, and their vulnerability to crises, conflicts and disasters are also discussed.
