Langbeschreibung
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.
Inhaltsverzeichnis
1. Introduction2. The Dutch disease and deindustrialization3. Growth and the institutional resource curse4. Empirical evidence on the resource curse5. Resource rents and violent internal conflict6. Managing resource rents7. Concluding commentsAppendix 1: Growth collapse from rent seekingApprendix 2: A model of civil war with greed and grievances