The institutions curse : natural resources, politics, and development

Resource Information

The work The institutions curse : natural resources, politics, and development represents a distinct intellectual or artistic creation found in European University Institute Library. This resource is a combination of several types including: Work, Language Material, Books.

Label

The institutions curse : natural resources, politics, and development

Title remainder

natural resources, politics, and development

Statement of responsibility

Victor Menaldo, University of Washington

Creator

• Menaldo, Victor, 1977-

Subject

• Developing countries -- Politics and government
• Economic development -- Developing countries
• Institution building -- Developing countries
• Natural resources -- Developing countries

Language

eng

Summary

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 bad institutions have also condemned nations to suffer from ills unduly attributed to minerals and oil. Victor Menaldo also argues that natural resources can actually play an integral role in stimulating state capacity, capitalism, industrialization, and democracy, even if resources are themselves often a symptom of underdevelopment. Despite being cursed by their institutions, weak states are blessed by their resources: greater oil means more development, both historically and across countries today.--

Member of

• Business and public policy

Assigning source

Provided by publisher

Cataloging source

UkCbUP

Index

index present

Literary form

non fiction

Nature of contents

dictionaries

Series statement

• Business and public policy
• Cambridge Social Sciences eBooks