The institutions curse natural resources, politics, and development
Victor Menaldo
- Cambridge (Inglaterra) Cambridge University Press 2016
- 300 páginas
- Business and public policy .
1. Introduction; 2. Three puzzles and some building blocks; 3. Intellectual heritage of the institutions curse view; 4. The institutions curse; 5. Not manna from heaven after all: the endogeneity of oil; 6. The resource blessing; 7. Whither the Arab Spring?; 8. Conclusions
The ʽresource curseʼ is the view that countries with extensive natural resources tend to suffer from a host of undesirable outcomes, including the weakening of state capacity, authoritarianism, fewer public goods, war, and economic stagnation. This book debunks this view, arguing that there is an ʽinstitutions curseʼ rather than a resource curse. Legacies endemic to the developing world have impelled many countries to develop natural resources as a default sector in lieu of cultivating modern and diversified economies, and.
9781316503362 9781107138605
Recursos naturales Países en desarrollo Política y gobierno Desarrollo económico