Sustaining Development in Mineral Economies: The Resource Curse ThesisIt is widely believed that natural mineral resources are desirable. However there is growing evidence that this may not always be the case. Indeed, it seems that natural assets can distort the economy to such a degree that the benefit actually becomes a curse. In Sustaining Development in Mineral Economies, Richard Auty highlights these drawbacks and the devastating effect they can have on developing economies. With reference to six ore-exporters (viz. Peru, Bolivia, Chile, Jamaica, Zambia and Papua New Guinea) he outlines how things can go badly wrong. He particularly stresses the need to avoid `Dutch Disease' whereby competitiveness is drained out of the agriculture and manufacturing sectors so that in the long term growth falters. |
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Sustaining Development in Mineral Economies: The Resource Curse Thesis Richard Auty Vista previa restringida - 2002 |
Sustaining Development in Mineral Economies: The Resource Curse Thesis Richard M. Auty No hay ninguna vista previa disponible - 1993 |
Sustaining Development in Mineral Economies: The Resource Curse Thesis Richard M. Auty No hay ninguna vista previa disponible - 1993 |
Términos y frases comunes
50 per cent accelerated adjustment alumina Auty average bauxite bauxite levy Bolivia Bougainville capital cent of GDP Chapter Chile Chilean Codelco competitive diversification copper prices costs country’s debt service decline deterioration devaluation developing American countries developing countries disadjustment doctrinaire orthodoxy domestic Dutch disease early economic growth economic trajectory exchange rate appreciation expanded exports external shocks favourable Financial foreign exchange four countries four developing American GDP growth government revenues government’s hard mineral hydrocarbon impact import substitution income increased inflation interest rates investment Jamaica late macroeconomic macroeconomic policy manufacturing sector mineral boom mineral economies mineral price mineral stabilization fund mining firms mining sector MNCs negative non-mining tradeables sector ofthe oil shock orthodox policies output Peru Peru’s Peruvian Petroperu PNG’s political populist boom production real exchange rate recovery reform regime rent-seeking resilience resource curse thesis structuralist sustained Syrquin and Chenery Table terms of trade trends windfall World Bank YPFB Zambia
Información bibliográfica
| Título | Sustaining Development in Mineral Economies: The Resource Curse Thesis |
| Autor | Richard Auty |
| Editor | Routledge, 2002 |
| ISBN | 1134867905, 9781134867905 |
| N.º de páginas | 288 páginas |
| Exportar cita | BiBTeX EndNote RefMan |