BN.com Gift Guide

Escaping the Resource Curse / Edition 1

Hardcover (Print)
Used and New from Other Sellers
Used and New from Other Sellers
from $8.44
Usually ships in 1-2 business days
(Save 71%)
Other sellers (Hardcover)
  • All (14) from $8.44   
  • New (9) from $18.73   
  • Used (5) from $0.00   

Overview

The wealth derived from natural resources can have a tremendous impact on the economics and politics of producing countries. In the last quarter century, we have seen the surprising and sobering consequences of this wealth, producing what is now known as the "resource curse." Countries with large endowments of natural resources, such as oil and gas, often do worse than their poorer neighbors. Their resource wealth frequently leads to lower growth rates, greater volatility, more corruption, and, in extreme cases, devastating civil wars.

In this volume, leading economists, lawyers, and political scientists address the fundamental channels generated by this wealth and examine the major decisions a country must make when faced with an abundance of a natural resource. They identify such problems as asymmetric bargaining power, limited access to information, the failure to engage in long-term planning, weak institutional structures, and missing mechanisms of accountability. They also provide a series of solutions, including recommendations for contracting with oil companies and allocating revenue; guidelines for negotiators; models for optimal auctions; and strategies to strengthen state-society linkages and public accountability.

The contributors show that solutions to the resource curse do exist; yet, institutional innovations are necessary to align the incentives of key domestic and international actors, and this requires fundamental political changes and much greater levels of transparency than currently exist. It is becoming increasingly clear that past policies have not provided the benefits they promised. Escaping the Resource Curse lays out a path for radically improving the management of the world's natural resources.

Columbia University Press

Read More Show Less

Editorial Reviews

Lord Browne

This is a timely and important contribution to the debate on the so-called resource curse and how to avoid it--especially important in a time of concern about energy security and sustainable economic development. As someone who witnesses first hand the struggle for more transparency and good governance in the global energy business, I welcome the fresh, thought-provoking, and always illuminating insights offered in this collection of essays.

Ngozi Okonjo-Iweala

This is a timely and important effort to throw light on and seek solutions to the phenomenon of the 'resource curse' whose effects have contributed to keeping millions of people impoverished despite the wealth of their countries. It should be an essential handbook for policy makers in all oil-rich countries.

Canadian Business

A primer on ways governments and multinationals can ensure that resource wealth becomes not a curse but rather a source of sustained wealth.

Read More Show Less

Product Details

  • ISBN-13: 9780231141963
  • Publisher: Columbia University Press
  • Publication date: 5/15/2007
  • Series: Initiative for Policy Dialogue Series
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 432
  • Sales rank: 746,033
  • Product dimensions: 6.30 (w) x 9.10 (h) x 1.00 (d)

Meet the Author

Macartan Humphreys is assistant professor of political science at Columbia University and publishes on the politics of economic policy making, bargaining theory, and rebel behavior in civil war.

Jeffrey D. Sachs is the Director of The Earth Institute, Quetelet Professor of Sustainable Development, and Professor of Health Policy and Management at Columbia University. He is also Special Advisor to United Nations Secretary-General Ban Ki-moon and President and Co-Founder of Millennium Promise Alliance, a nonprofit organization aimed at ending extreme global poverty.He is author of hundreds of scholarly articles and many books, including The End of Poverty.

Joseph E. Stiglitz is a University Professor at Columbia University and former chief economist and senior vice-president of the World Bank. Among his books is Globalization and Its Discontents, which has been translated into twenty-eight languages. In 2001 he was awarded the Nobel Prize in economics.

Columbia University Press

Read More Show Less

Table of Contents


Foreword   George Soros     xi
Acknowledgments     xvii
Introduction: What Is the Problem with Natural Resource Wealth?   Macartan Humphreys   Jeffrey D. Sachs   Joseph E. Stiglitz     1
Dealing with Oil Corporations     21
What Is the Role of the State?   Joseph E. Stiglitz     23
How to Evaluate the Fiscal Terms of Oil Contracts   David Johnston     53
How to Negotiate an Oil Agreement   Jenik Radon     89
How Best to Auction Oil Rights   Peter Cramton     114
Managing the Macroeconomy     153
Are Oil Producers Rich?   Geoffrey Heal     155
How to Handle the Macroeconomics of Oil Wealth   Jeffrey D. Sachs     173
The Political Economy of Natural Resource Funds   Macartan Humphreys   Martin E. Sandbu     194
Handling the Politics     235
How Mineral-Rich States Can Reduce Inequality   Michael L. Ross     237
Ensuring Fairness: The Case for a Transparent Fiscal Social Contract   Terry Lynn Karl     256
Critical Issues for a Revenue Management Law   Joseph C. Bell   Teresa Maurea Faria     286
Future Directionsfor the Management of Natural Resources   Macartan Humphreys   Jeffrey D. Sachs   Joseph E. Stiglitz     322
Appendices     337
Abridged Sao Tome and Principe Oil Law     339
Abridged Timor-Leste Oil Law     367
Glossary of Oil Terms     375
Web Site References     389
Contributors     391
Index     397
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)