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The Oil Curse: How Petroleum Wealth Shapes the Development of Nations

By Michael L. Ross
eBook
$32.00
By Michael L. Ross
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Explaining—and solving—the oil curse in the developing world

Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth—and how they can turn oil from a curse into a blessing.

Ross traces the oil curse to the upheaval of the 1970s, when oil prices s...

Categories

BusinessEconomicsEconomic ConditionsEconomic Conditions - General & Miscellaneous