Confronting the Curse: The Economics and Geopolotics of Natural Resource Governance
Jan 2014 · Peterson Institute for International Economics
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About this ebook
Countries blessed with abundant natural resources often seek financial and political power from their supposedly lucky status. But the potentially negative impact of natural resources on development of poor countries is captured in the phrase "the resource curse." Instead of success and prosperity, producers of gold, oil, rubber, sugar, and other commodities--many in the least developed parts of Africa and Asia--often remain mired in poverty and plagued by economic mismanagement, political authoritarianism, foreign exploitation, and violent conflict.
These difficulties and the many challenges they pose for American foreign policy are the focus of this important new book. Marcus Noland and Cullen S. Hendrix review recent developments as poor countries struggle to avoid the "resource curse" but fall too often into that trap. They call for support for international efforts to encourage greater transparency and improved management of natural resource wealth and for new partnerships between the West and the developing world to "confront the curse."
Countries blessed with abundant natural resources often seek financial and political power from their supposedly lucky status. But the potentially negative impact of natural resources on development of poor countries is captured in the phrase "the resource curse." Instead of success and prosperit...
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About the author
Marcus Noland, Senior Fellow, has been the Senior Economist for International Economics at the Council of Economic Advisers, as well as a visiting professor at Johns Hopkins University, the University of Southern California, Tokyo University, Saitama University, the University of Ghana & a visiting scholar at the Korea Development Institute. He has written many articles on international economics & is the coauthor of Global Economic Effects of the Asian Currency Devaluations (1998), Reconcilable Differences? United States-Japan Economic Conflict with C. Fred Bergsten (1993), Pacific Basin Developing Countries: Prospects for the Future (1990) & Japan in the World Economy with Bela Balassa (1988), the coeditor of Pacific Dynamism & the International Economic System (1993) & editor of Economic Integration of the Korean Peninsula (1998).
Marcus Noland, Senior Fellow, has been the Senior Economist for International Economics at the Council of Economic Advisers, as well as a visiting professor at Johns Hopkins University, the University of Southern California, Tokyo University, Saitama University, the University of Ghana & a visiti...
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