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Author: Richard M. Auty
Publisher: Oxford University Press, USA
ISBN: 0198828861
Category : Business & Economics
Languages : en
Pages : 278
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Book Description
This book compares models of low-rent and high-rent development to explain the divergent growth of regions and to query the continued prioritization of industrialization over agriculture and export services as the engine of economic prosperity.
Author: Richard M. Auty
Publisher: Oxford University Press, USA
ISBN: 0198828861
Category : Business & Economics
Languages : en
Pages : 278
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Book Description
This book compares models of low-rent and high-rent development to explain the divergent growth of regions and to query the continued prioritization of industrialization over agriculture and export services as the engine of economic prosperity.
Author: Syed Mansoob Murshed
Publisher: Agenda Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 172
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Book Description
The "resource curse," or "paradox of plenty," refers to the long-established notion central in development economics that countries rich in natural resources, particularly minerals and fuels, perform less well economically than countries with fewer natural resources. In other words, resources are an economic curse rather than a blessing. This short primer explores the complexities of this idea and the debates that surround it, in particular under what conditions the resource curse might operate, if not universal. Discussion ranges over the nature of resource booms, the benefits and costs of export-led growth, the problems of deindustrialization and manufacturing base erosion, rent-seeking behavior and corruption, and the empirical evidence of the effects of natural resource dependence on growth. The treatment is nontechnical and accessible, drawing throughout on a range of illustrative examples from across the developed and developing world. The Resource Curse offers an authoritative introduction to one of the most perplexing issues of economic growth.
Author: Nicholas Shaxson
Publisher: Grove Press
ISBN: 0802146384
Category : Business & Economics
Languages : en
Pages : 425
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Book Description
An “artfully presented [and] engaging” look at the insidious effects of financialization on our lives and politics by the author of Treasure Islands (The Boston Globe). How didthe banking sector grow from a supporter of business to the biggest business in the world? Financial journalist Nicholas Shaxson takes us on a terrifying journey through the world economy, exposing tax havens, monopolists, megabanks, private equity firms, Eurobond traders, lobbyists, and a menagerie of scoundrels quietly financializing our entire society, hurting both business and individuals. Shaxson shows how we got here, telling the story of how finance re-engineered the global economic order in the last half-century, with the aim not of creating wealth but extracting it from the underlying economy. Under the twin gospels of “national competitiveness” and “shareholder value,” megabanks and financialized corporations have provoked a race to the bottom between states to provide the most subsidized environment for big business, encouraged a brain drain into finance, fostered instability and inequality, and turned a blind eye to the spoils of organized crime. From Ireland to Iowa, he shows the insidious effects of financialization on our politics and on communities who were promised paradise but got poverty wages instead. We need a strong financial system—but when it grows too big it becomes a monster. The Finance Curse is the explosive story of how finance got a stranglehold on society, and reveals how we might release ourselves from its grasp. Revised with new chapters “[Discusses] corrupt financiers in London and New York City, geographically obscure tax havens, the bizarre realm of wealth managers in South Dakota, a ravaged newspaper in New Jersey, and a shattered farm economy in Iowa . . . A vivid demonstration of how corruption and greed have become the main organizing principles in the finance industry.” —Kirkus Reviews
Author: Mehran Kamrava
Publisher: Routledge
ISBN: 1000727092
Category : History
Languages : en
Pages : 196
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Book Description
The "Resource Curse" in the Persian Gulf systematically address the little studied notion of a "resource curse" in relation to the Persian Gulf by examining the historical causes and genesis of the phenomenon and its consequences in a variety of areas, including human development, infrastructural growth, clientelism, state-building and institutional evolution, and societal and gender relations. The book explores how across the Arabian Peninsula, oil wealth began accruing to the state at a particular juncture in the state-building process, when traditional, largely informal patterns of shaikhly rule were relatively well established, but the formal institutional apparatuses of the state were not yet fully formed. The chapters show that oil wealth had a direct impact on subsequent developments in these two complementary areas. Contributors discuss how on one hand, the distribution of petrodollars enabled political elites to solidify existing patterns of rule through deepening clientelist practices and by establishing new, dependent clients; and how on the other, rent revenues gave state leaders the opportunity to establish and shape institutions in ways that solidified their political control. The "Resource Curse" in the Persian Gulf will be of great interest to scholars of Middle Eastern studies, focusing on a variety of subject areas, including human development, human resources, clientelism, infrastructural growth, institutional evolution, state-building, and societal and gender relations. This book was originally published as a special issue in the Journal of Arabian Studies.
Author: Jonathan Di John
Publisher: Penn State Press
ISBN: 0271076909
Category : Business & Economics
Languages : en
Pages : 215
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Book Description
Since the discovery of abundant oil resources in the 1920s, Venezuela has had an economically privileged position among the nations of Latin America, which has led to its being treated by economic and political analysts as an exceptional case. In her well-known study of Venezuela’s political economy, The Paradox of Plenty (1997), Stanford political scientist Terry Karl argued that this oil wealth induced extraordinary corruption, rent-seeking, and centralized intervention that resulted in restricting productivity and growth. What this and other studies of Venezuela’s economy fail to explain, however, is how such conditions have accompanied both growth and stagnation at different periods of Venezuela’s history and why countries experiencing similar levels of corruption and rent-seeking produce divergent developmental outcomes. By investigating the record of economic development in Venezuela from 1920 to the present, Jonathan Di John shows that the key to explaining why the economy performed much better between 1920 and 1980 than in the post-1980 period is to understand how political strategies interacted with economic strategies—specifically, how politics determined state capacity at any given time and how the stage of development and development strategies affected the nature of political conflicts. In emphasizing the importance of an approach that looks at the political economy, not just at the economy alone, Di John advances the field methodologically while he contributes to a long-needed history of Venezuela’s economic performance in the twentieth century.
Author: Robert T. Deacon
Publisher:
ISBN: 9781601984968
Category : Political Science
Languages : en
Pages : 110
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Book Description
The Political Economy of the Natural Resources Curse focuses on political economy theories of the resource curse and scrutinizes how well, or poorly, these theories have been integrated with empirical work. One reason why this integration is important lies in the practical importance of pinning down the causal links involved in the resource curse. A second reason for focusing on integration of theory and empirics is that the resource curse is a potentially fruitful venue for testing political economy theories generally. The Political Economy of the Natural Resources Curse starts with an overview of the broader economic literature on the resource curse, explaining how interest first arose and summarizing the market-based and political economy theories developed to explain it. After these preliminaries, the focus tightens to political economy research on the resource curse and examines theories and empirical evidence on the link between political conditions and perverse responses to resource booms. Section 3 reviews political economy theories of the resource curse based on rent-seeking. Section 4 reviews political economy theories that incorporate institutions explicitly. Papers offering general empirical findings without developing new theory are covered in Section 5. Conclusions are presented in Section 6 and focus on strengths and weaknesses of the existing literature, whether empirical analysis has successfully corroborated or refuted predictions from theoretical analysis, opportunities for future empirical research, and the question of whether or not the resource curse is a 'real' phenomenon.
Author: Mr.Arvind Subramanian
Publisher: International Monetary Fund
ISBN: 1451856067
Category : Nature
Languages : en
Pages : 47
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Book Description
Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been primarily responsible for Nigeria's poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance.
Author: Frank Peretti
Publisher: Thomas Nelson Inc
ISBN: 1595544453
Category : Juvenile Fiction
Languages : en
Pages : 285
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Book Description
This story could have come straight from the headlines about many schools around the country and will lead kids and young adults to an understanding of peer pressure and the pain that comes from being different. In Baker, Washington, three popular student athletes lie in comas following loss of muscle coordination, severe paranoia, and hallucinations. It's whispered that they're victims of Abel Frye, the cursed ghost who has haunted the school since he died there in the 1930s. Now the curse is spreading, and the students are running scared. Veritas means truth and this series is uniquely positioned to help teenagers discover truth for themselves. As the author of This Present Darkness and as someone who struggled through his teenage years, no one is better suited than Frank Peretti to join with readers on this quest for truth.
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: Arthur Walters
Publisher: Troubador Publishing Ltd
ISBN: 1789018129
Category : Fiction
Languages : en
Pages : 368
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Book Description
Sarah Jenkinson, a freelance journalist, has not been seen or heard from since telling Ethan Menhennett, the American editor and owner of 'The National Heritage Gazette', that she is visiting a restored, but previously, unknown, Cornish Engine House. Desperate for copy for the forthcoming edition of the magazine and hounded by his assistant Claire's concern for Sarah's safety, Ethan travels from London to Cornwall to find her. However, due to Sarah's reputation as a party animal, he is reluctant to unnecessarily involve the Police. Unhurt, but shaken after crashing his hire car, Ethan is awakened by Jenny Woodford, a divorcee in her thirties, who takes him back to her house to recuperate. Jenny is then shocked to learn that Sarah was visiting Wheal Hingston, a mine which in the 16th Century was said to be cursed following the death of six villagers by the hand of Martha Guildeforde, a psychopathic female executioner and lover of the sadistic Judge Fredricks. Unexpectedly, Jenny runs away, leaving Ethan tired, confused and unclear as to his whereabouts over the last twenty-four hours. He rings Claire and despite what she tells him about the disappearance of four American tourists, he insists on continuing his search. Promising Claire he will call the police if he doesn't find Sarah by the end of the day, he sets off hoping to retrace his steps. Discovering the deaths of many Cornish men and boys in two underground tragedies have not been forgotten, nor those responsible forgiven, Ethan soon wishes he'd listened to Claire. The story which unfolds not only relates the modern-day horrors experienced by a man drawn into a sequence of events he could never have imagined, but also tells of the hardship faced by Cornish Miners and their families, in their centuries past quest to satisfy the greed of those who invested funds in a dangerous and life expectancy reducing industry.
