Resource Abundance and Economic Development
ISBN13: 9780199246885ISBN10: 0199246882
Hardback,
360 pages
Also available:
Paperback
Aug 2001,
In Stock
Price:
$135.00 (06)See more from the series
Description
Since the 1960s the economies of the resource-poor nations have grown much faster than those of the resource-abundant nations. This book explains the disappointing performance of resource-abundant nations by extending the growth accounting framework to include natural and social capital.Features
- Provides a comprehensive explanation of the 'resource curse'
- Develops two basic models to explain the divergent development trajectories of resource-poor and resource-rich developing countries
- Demonstrates how policies for economic reform in both developing market economies and transition economies must be adapted to reflect endowments of natural and social capital
About the Author(s)
R. M. Auty is Professor of Economic Geography in the Department of Geography at Lancaster University.
