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Author: Richard Auty
Publisher: Routledge
ISBN: 1134867891
Category : Business & Economics
Languages : en
Pages : 306
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Book 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.
Author: Richard Auty
Publisher: Routledge
ISBN: 1134867891
Category : Business & Economics
Languages : en
Pages : 306
Get Book Here
Book 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.
Author: Richard M. Auty
Publisher: Clarendon Press
ISBN: 9780198294870
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
This book discusses mineral economies in Botswana, Chile, Colombia, Indonesia, Jamaica, Namibia, Papua New Guinea, Peru, and Trinidad and Tobago.
Author: Richard Auty
Publisher: Routledge
ISBN: 1134867905
Category : Business & Economics
Languages : en
Pages : 283
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Book Description
This highlights the drawbacks of possessing natural mineral resources. These can quickly become a curse on the ore-exporting economies of developing countries leading to drainage of resources and the faltering of long term growth
Author: Tony Addison
Publisher: Oxford University Press
ISBN: 0198817363
Category : Business & Economics
Languages : en
Pages : 766
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Book Description
This book is about the challenges and opportunities facing developing countries in using their extractive industries to achieve inclusive and sustainable development. It recognizes the importance of using oil, gas, and mining to achieve inclusive change.
Author: R. M. Auty
Publisher: Oxford University Press
ISBN: 0199246882
Category : Business & Economics
Languages : en
Pages : 357
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Book Description
Since the 1960s the per capita incomes of the resource-poor countries have grown significantly faster than those of the resource-abundant countries. In fact, in recent years economic growth has been inversely proportional to the share of natural resource rents in GDP, so that the small mineral-driven economies have performed least well and the oil-driven economies worst of all. Yet the mineral-driven resource-rich economies have high growth potential because the mineral exportsboost their capacity to invest and to import."Resource Abundance and Economic Development" explains the disappointing performance of resource-abundant countries by extending the growth accounting framework to include natural and social capital. The resulting synthesis identifies two contrasting development trajectories: the competitive industrialization of the resource-poor countries and the staple trap of many resource-abundant countries. The resource-poor countries are less prone to policy failure than the resource-abundant countriesbecause social pressures force the political state to align its interests with the majority poor and follow relatively prudent policies. Resource-abundant countries are more likely to engender political states in which vested interests vie to capture resource surpluses (rents) at the expense of policycoherence. A longer dependence on primary product exports also delays industrialization, heightens income inequality, and retards skill accumulation. Fears of 'Dutch disease' encourage efforts to force industrialization through trade policy to protect infant industry. The resulting slow-maturing manufacturing sector demands transfers from the primary sector that outstrip the natural resource rents and sap the competitiveness of the economy.The chapters in this collection draw upon historical analysis and models to show that a growth collapse is not the inevitable outcome of resource abundance and that policy counts. Malaysia, a rare example of successful resource-abundant development, is contrasted with Ghana, Bolivia, Saudi Arabia, Mexico, and Argentina, which all experienced a growth collapse. The book also explores policies for reviving collapsed economies with reference to Costa Rica, South Africa, Russia and Central Asia. Itdemonstrates the importance of initial conditions to successful economic reform.
Author: Elissaios Papyrakis
Publisher: Routledge
ISBN: 1351716360
Category : Business & Economics
Languages : en
Pages : 213
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Book Description
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.
Author: Sheila Devasahayam
Publisher: CRC Press
ISBN: 1498733069
Category : Technology & Engineering
Languages : en
Pages : 735
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Book Description
Sustainable practices within the mining and energy sectors are assuming greater significance due to uncertainty and change within the global economy and safety, security, and health concerns. This book examines sustainability issues facing the mining and energy sectors by addressing six major themes: Mining and Mineral Processing; Metallurgy and Recycling; Environment; Energy; Socioeconomic and Regulatory; and Sustainable Materials and Fleets. Emphasizing an integrated transdisciplinary approach, it deliberates on optimizing mining productivity and energy efficiency and discusses integrated waste management practices. It discusses risk management, cost cutting, and integration of sustainable practices for long-term business value. It gives a comprehensive outlook for sustainable mineral futures from academic and industry perspectives covering mine to mill optimization, waste, risk and water management, improved efficiencies in mining tools and equipment, and performance indicators for sustainable developments. It covers how innovation and research underpin management of natural resources including sustainable carbon management. •Focuses on mining and mineral processing, metallurgy and recycling, the environment, energy, socioeconomic and regulatory issues, and sustainable materials and fleets. •Describes metallurgy and recycling and uses economic, environmental and social parameter analyses to identify areas for improvement in iron, steel, aluminium, lead, zinc, copper, and gold production. •Discusses current research on mining, performance indicators for sustainable development, sustainability in mining equipment, risk and safety management, and renewable energy resources •Covers alternative and conventional energy sources for the mineral sector as well water treatment and remediation and energy sustainability in mining. •Provides an overview of sustainable carbon management. •Offers an interdisciplinary approach with international focus.
Author: Jeremy Richards
Publisher: Springer Science & Business Media
ISBN: 3642011039
Category : Science
Languages : en
Pages : 519
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Book Description
This is the first book of peer-reviewed, edited papers that examines the minerals industry in relation to sustainable development. The book takes a proactive, positivist, and solution-oriented approach, while not shying away from the fundamental problems.
Author: Jörg Mayer
Publisher: Edward Elgar Publishing
ISBN: 9781782541295
Category : Business & Economics
Languages : en
Pages : 240
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Book Description
An examination of the factors that influence economic growth and sustainable development in countries with a significant natural resource sector. It looks at how to make the primary sector sufficiently productive to provide for investment in both itself and other sectors of the economy.
Author: Sevil Acar
Publisher: Springer
ISBN: 1137587237
Category : Business & Economics
Languages : en
Pages : 250
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Book Description
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.
