An analysis of the resource curse hypothesis and poverty in Africa

2021 ◽  
Vol 8 (4) ◽  
pp. 303
Author(s):  
Misheck Mutize ◽  
Kutlwano Motlhabane
Keyword(s):  
Resource Curse

Mechanisms of Resource Curse and Economic Policy

2007 ◽  
pp. 4-27 ◽  
Author(s):  
V. Polterovich ◽  
V. Popov ◽  
A. Tonis
Keyword(s):  
Real Exchange Rates ◽  
Resource Curse ◽  
Budget Deficits ◽  
Resource Abundance ◽  
Fuel Prices ◽  
Use Of Resources ◽  
Resource Wealth ◽  
The One ◽  
The Right ◽  
Rich Countries

This paper compares various mechanisms of resource curse leading to a potentially inefficient use of resources; it is demonstrated that each of these mechanisms is associated with market imperfections and can be "corrected" with appropriate government policies. Empirical evidence seems to suggest that resource abundant countries have on average lower budget deficits and inflation, and higher foreign exchange reserves. Besides, lower domestic fuel prices that are typical for resource rich countries have a positive effect on long-term growth even though they are associated with losses resulting from higher energy consumption. On top of that resource abundance allows to reduce income inequalities. So, on the one hand, resource wealth turns out to be conducive to growth, especially in countries with strong institutions. However, on the other hand, resource abundance leads to corruption of institutions and to overvalued real exchange rates. On balance, there is no solid evidence that resource abundant countries grow more slowly than the others, but there is evidence that they grow more slowly than could have grown with the right policies and institutions.

Kryzys gospodarczy w Wenezueli. Przyczyny i konsekwencje

2019 ◽  
pp. 77-88
Author(s):  
Michał Zaremba
Keyword(s):  
Resource Curse

Ropa naftowa jest najważniejszym surowcem energetycznym świata. Od lat 40. XX wieku gospodarka wenezuelska w coraz większym stopniu uzależniała się od produkcji i sprzedaży ropy na rynkach światowych - przychody z eksportu ropy naftowej osiągały poziom 50% PKB i ok. 96% przychodów z eksportu ogółem. W konsekwencji, gwałtowny spadek cen ropy w ostatnich latach doprowadził do poważnego kryzysu gospodarczego, który obecnie nosi znamiona kryzysu humanitarnego. Zasadna wydaje się teza, że obecny kryzys, w jakim znalazła się Wenezuela, w dużym stopniu jest zatem skutkiem oparcia gospodarki na monokulturze ropy naftowej, co w czasach dekoniunktury musiało znacząco odbić na funkcjonowaniu całej gospodarki. Wenezuela byłaby więc modelowym przykładem gospodarki podlegającej tzw. „klątwie surowcowej” (ang. resource curse) lub też „paradoksowi bogactwa” (ang. paradox of plenty). Celem artykułu jest przedstawienie sytuacji gospodarczej Wenezueli, źródeł kryzysu, przebiegu oraz perspektyw wyjścia z kryzysu.

Popular Resource Sovereignty

2018 ◽  
Author(s):  
Leif Wenar
Keyword(s):  
Human Rights ◽  
Natural Resources ◽  
Large Scale ◽  
Good Reason ◽  
Resource Curse ◽  
Civil Conflict ◽  
Popular Sovereignty ◽  
State Sovereignty ◽  
The People ◽  
Rich Countries

Article 1 of both of the major human rights covenants declares that the people of each country “shall freely dispose of their natural wealth and resources.” This chapter considers what conditions would have to hold for the people of a country to exercise this right—and why public accountability over natural resources is the only realistic solution to the “resource curse,” which makes resource-rich countries more prone to authoritarianism, civil conflict, and large-scale corruption. It also discusses why cosmopolitans, who have often been highly critical of prerogatives of state sovereignty, have good reason to endorse popular sovereignty over natural resources. Those who hope for more cosmopolitan institutions should see strengthening popular resource sovereignty as the most responsible path to achieving their own goals.

Conclusion

2017 ◽  
Author(s):  
Jonathon W. Moses ◽  
Bjørn Letnes
Keyword(s):  
Natural Resources ◽  
Resource Curse ◽  
Specific Model ◽  
Dutch Disease ◽  
Political Conditions

There is broad recognition that Norway manages its natural resources successfully. Policymakers are flocking to Norway to try to learn the lessons provided by the Norwegian model. This book describes the main challenges facing policymakers in resource-rich states (e.g., Dutch Disease, Resource Curse, Paradox of Plenty), and the sort of institutional solutions and policies that are available to them. We explain why the Norwegian authorities chose the solutions they did, and how these choices have changed over the years, in response to changing market and political conditions. The result is a book that offers insight and understanding as to why the country made the choices it did, rather than providing a specific model for export.

Beyond “Conflict Minerals”: The Congo’s Resource Curse Lives On

Dissent ◽  
2014 ◽  
Vol 61 (2) ◽  
pp. 61-68 ◽  
Author(s):  
Colin Kinniburgh
Keyword(s):  
Resource Curse ◽  
Conflict Minerals

A critical appreciation of extractives’ accounting: Transparency, accountability, the resource curse and other governance issues

2021 ◽  
Vol 74 ◽  
pp. 102279
Author(s):  
Lisa Baudot ◽  
G. Kenneth ◽  
Louise Crawford ◽  
Jim Haslam
Keyword(s):  
Resource Curse
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