Political risk and natural resources: An empirical investigation of related technology strategy

2016 ◽  
Vol 2016 (1) ◽  
pp. 13581
Author(s):  
Bettina Lynda Bastian
Author(s):  
M. Steven Fish

This article examines why some countries remain poor while others are able to overcome poverty. It looks at some of the plausible causes of poverty and wealth, including culture, politics, economic statism, reliance on natural resources, reliance on foreign aid, and reliance on market-nurturing reform. The article considers some of the lessons that can be learned from China with respect to undertaking market-nurturing reforms. It also discusses four reasons that explain why more countries do not pursue a market-oriented strategy despite its manifest advantages: aversion to political risk, greed, laziness, and the enduring intellectual and ideological appeal of statism. Finally, it argues that countries that adopt good economic policies have the best chance of getting out of poverty.


2022 ◽  
Vol 75 ◽  
pp. 102540
Author(s):  
Arshad Ahmad Khan ◽  
Jianchao Luo ◽  
Adnan Safi ◽  
Sufyan Ullah Khan ◽  
Muhammad Abu Sufyan Ali

2015 ◽  
Vol 11 (2) ◽  
pp. 174-194
Author(s):  
Celine Tan

AbstractThis paper explores the implications of political risk insurance (PRI) in the regulation and governance of natural resources sectors in developing countries. Operating in a hybrid public–private sphere, PRI arrangements involve a more complex web of contractual and non-contractual relations than commercial insurance products, and parties to such arrangements are inserted into a much more intricate framework of legal and political governance, with correspondingly broader international and domestic implications. The paper argues that PRI represents a form of government rationality that provides a framework for organising and regulating the behaviour of actors involved in natural resource investments in developing countries. In natural resources projects where tensions regularly exist between the interests of the foreign investor, the host state and local communities, PRI arrangements can reframe the terms of engagement between these various stakeholders and redefine the host state's engagement with the broader international community.


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