Plundered Nations?: Successes and Failures in Natural Resource Extraction

Overview

The study of natural resource extraction in resource-rich countries often shows that plunder, rather than prosperity, has become the norm. Management of natural resources differs widely in every state; a close examination of the decision making chains in various states highlights the key principles that need to be followed to avoid distortion and dependence.

This book consists of eight case studies investigating the political economy of the decision chain, revealing where ...

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Overview

The study of natural resource extraction in resource-rich countries often shows that plunder, rather than prosperity, has become the norm. Management of natural resources differs widely in every state; a close examination of the decision making chains in various states highlights the key principles that need to be followed to avoid distortion and dependence.

This book consists of eight case studies investigating the political economy of the decision chain, revealing where various states have met with success, or failed disastrously. This original research provides a unique insight into how different countries have handled their resource extraction.

This book is essential reading for students, researchers and policy makers working across development economics and natural resource economics.

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Product Details

  • ISBN-13: 9780230290228
  • Publisher: Palgrave Macmillan
  • Publication date: 10/11/2011
  • Pages: 376
  • Sales rank: 1,486,967
  • Product dimensions: 5.50 (w) x 8.40 (h) x 1.00 (d)

Meet the Author

PAUL COLLIER CBE is Professor of Economics and Director of the Centre for the Study of African Economies, Oxford University. He has been Director of the Research Development Department of the World Bank and is also a Professeur invité at CERDI, Université d’Auverge, and at Paris 1. He is currently Advisor to the Strategy and Policy Department of the IMF, advisor to the Africa Region of the World Bank; and he has advised the British Government on its recent White Paper on economic development policy. He has been writing a monthly column for the Independent, and also writes for the New York Times, the Financial Times, the Wall Street Journal, and the Washington Post. His research covers the causes and consequences of civil war; the effects of aid and the problems of democracy in low-income and natural-resources rich societies.

ANTHONY J. VENABLES CBE is Professor of Economics at the University of Oxford where he also directs the Oxford Centre for the Analysis of Resource Rich Economies. He is a Fellow of the British Academy and of the Econometric Society and has previously worked as Chief Economist at the UK Department for International Development, Professor at the London School of Economics, and advisor to the UK Treasury. He has published extensively in the areas of international trade and spatial economics, including work on trade and imperfect competition, economic integration, multinational firms, and economic geography.

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Table of Contents

Key decisions for resource management: principles and practise; P.Collier& A.J.Venables
Governance and oil revenues in Cameroon; B.Gauthier& A.Zeufack
Missed opportunities: copper extraction in Zambia; C.Adam& M.Simpasa
Oil and plunder in Nigeria; O.Ajakaiye, P.Collier& A.Ekpo
Learning from failure: copper in Chile; R.Fuentes
Oil in Iran: dependence, distortions and distribution; M.Karshenas& A.Malik
The contest for control: oil and gas management in Russia; V.Kryukov, A.Tokarev& S.Yenikeyeff
Public prudence and private profligacy: Kazakhstan 2000-2008; A.Esanov& K.Kuralbayeva
The developmental state: Malaysia; Z.A.Yusof

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