Curse of natural resources : a developmental analysis in a comparative context / Sevil Acar.
Acar, Sevil, author.
2017
HC85 .A23 2017
Available Online

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Title Curse of natural resources : a developmental analysis in a comparative context / Sevil Acar.
Author Acar, Sevil, author.
ISBN 9781137587237 (electronic book)
1137587237 (electronic book)
1137587229
9781137587220
Published New York : This Palgrave Macmillan imprint is published by Springer Nature, [2017]
Copyright ©2017
Language English
Description 1 online resource (xix, 244 pages)
Call Number HC85 .A23 2017
Dewey Decimal Classification 333.7
Summary This book examines the paradox that resource-rich countries often struggle to manage their resources in a way that will help their economies thrive. It looks at how a country's political regime and quality of governance can determine the degree to which it benefits - or suffers - from having natural resources, shifting away from the traditional focus on economic growth data to study the complex implications of these resources for human well-being and sustainable development. To this end, Acar examines a panel of countries in terms of the effects of their natural resources on human development and genuine saving, which is a sustainability indicator that takes into account the welfare of future generations by incorporating the changes in different kinds of capital. Acar finds that the exportation of agricultural raw materials is associated with significant deterioration in human development, while extractive resource exports, such as energy and minerals, have negative implications for genuine savings. Next, the book compares the development path of Norway before and after discovering oil, contrasting it with Sweden's development. The two countries, which followed almost identical paths until the 1970s, diverged significantly in terms of per capita income after Norway found oil.-- Provided by publisher.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Online resource; title from digital title page (viewed on March 13, 2017).
Available in Other Form Curse of natural resources.
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1 Introduction
2 Theoretical and Empirical Background
3 Natural Resources and Human Development
4 Natural Resources and Sustainability
5 Two-Country Comparison: Norway versus Sweden.-6 Conclusion.

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