Sustainable Development in Mineral Economies

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The mineral economies are an important group of developing countries which have suffered a "resource curse" over the past 20 years—showing a poorer performance than resource-deficient neighbors. This book draws upon case-studies and analysis of nine countries to demonstrate the difficulties currently faced and the policies which will be required in the future in order to take advantage of finite mineral resources to maintain the economic and social conditions for sustaining growth.

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Product Details

  • ISBN-13: 9780198294870
  • Publisher: Oxford University Press, USA
  • Publication date: 4/29/1999
  • Pages: 304
  • Lexile: 1550L (what's this?)
  • Product dimensions: 6.20 (w) x 9.30 (h) x 0.80 (d)

Meet the Author

Richard M. Auty is Reader in Geography at Lancaster University. A former consultant to the World Bank, UNCTAD, HIID, and KIET, he has also been Visiting Fellow at the Institute of Development Studies at the University of Sussex, the Harvard Institute for International Development, and the Research Program in Development Studies at the Woodrow Wilson School, Princeton.

Raymond F. Mikesell is Emeritus Professor of Economics at the University of Oregon.

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Table of Contents

List of Figures
List of Tables
I Overview 1
1 Aims and Structure of the Book 3
II Requirements for Sustainable Mineral-Driven Development 11
2 Economic Theory, Natural Resources, and Economic Growth 13
3 Macro-Requirements for Sustained Mineral-Driven Development 32
4 Mineral Asset Depletion and Sustainability 47
5 Environmental Issues 62
III The Macro Preconditions for Sustainability 81
6 The Mineral Economies' Economic Performance, 1970-1993 83
7 Successful Macro-Management over the Mineral-Driven Cycle 103
8 Mismanaged Mature Stage of the Mineral-Led Cycle 123
9 Substituting for Depleting Mineral Assets: Economic Diversification 138
IV Environmental and Socio-Political Sustainability 157
10 Substituting for Depleting Assets: Environmental Accounting 159
11 Internalizing Environmental Degradation Costs 181
12 Achieving Social Sustainability 205
V Policy Implications for Mineral-Led Development 221
13 Policies for the Sustainable Development of Mineral Economies 223
14 Policy Applications: Colombia 237
References 255
Index 271
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