The Curse of Natural Resources

A Developmental Analysis in a Comparative Context

Authors: Acar, Sevil

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  • Shifts focus from economic growth data to human development and sustainable savings
  • Distinguishes the effects of different resources from an institutional perspective
  • Explores the historical roots of institutions that can cope with the resource-development contradiction 
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  • ISBN 978-1-137-58723-7
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About this book

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.

About the authors

Sevil Acar is Associate Professor of Economics at Istanbul Kemerburgaz University, Turkey. Her research focuses on environmental and resource economics, particularly natural capital accounting, sustainability, fossil fuel subsidies, and the resource curse. Her articles have appeared in Structural Change and Economic Dynamics, Ecological Economics, International Review of Environmental and Resource Economics, Ecological Indicators, and Energy Policy.

Table of contents (6 chapters)

Table of contents (6 chapters)

Buy this book

eBook $84.99
price for USA in USD
  • ISBN 978-1-137-58723-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • Immediate eBook download after purchase and usable on all devices
  • Bulk discounts available
Hardcover $139.99
price for USA in USD
Softcover $109.99
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
The Curse of Natural Resources
Book Subtitle
A Developmental Analysis in a Comparative Context
Authors
Copyright
2017
Publisher
Palgrave Macmillan US
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-58723-7
DOI
10.1057/978-1-137-58723-7
Hardcover ISBN
978-1-137-58722-0
Softcover ISBN
978-1-349-93218-4
Edition Number
1
Number of Pages
XIX, 244
Number of Illustrations
1 b/w illustrations, 47 illustrations in colour
Topics