Escaping the Resource Curse

Escaping the Resource Curse

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)

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Book Details  


Publisher: Columbia University Press (May 22, 2007)

Collection: Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization

Parent ISBN: 9780231141963

Language: English


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