Why Does Development Fail in Resource Rich Economies: The Catch 22 of Mineral Wealth

There has been a lot of interest within the scientific and policy communities in the ‘resource curse’; that is, the tendency of mineral rich economies to turn into development failures. Yet, after more than 20 years of intensive research and action, ‘the curse’ still lingers as a very real global problem, because of volatile mineral prices, bad governance and conflict.

This book incorporates current original research on the resource curse (from some of the most prominent contributors to thi...