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Resource Abundance and Economic Development
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Resource Abundance and Economic Development

R. M. Auty

Abstract

This book explores the factors behind the underperformance of resource-abundant developing countries compared to resource-deficient countries. Drawing on research from various subfields within economics literature, it argues that since the 1960s, the natural resource endowment of a developing country has strongly affected its capital utilisation efficiency and the nature of its long-term development trajectory. The book is divided into four parts. Part I presents an introduction to the volume. Part II examines the relationship between natural resource endowment and the four main types of capit ... More

Keywords: resource-abundant developing countries, resource-deficient, economic development, underperformance, capital, natural resources

Bibliographic Information

Print publication date: 2004 Print ISBN-13: 9780199275786
Published to Oxford Scholarship Online: April 2005 DOI:10.1093/0199275785.001.0001

Authors

Affiliations are at time of print publication.

R. M. Auty, editor
Lancaster University
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Contents

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PART I INTRODUCTION

1 Introduction and Overview

RICHARD M. AUTY

PART II CRITICAL PARAMETERS IN RESOURCE-BASED DEVELOPMENT MODELS

4 Natural Resources, Human Capital, and Growth

NANCY BIRDSALL, THOMAS PINCKNEY AND RICHARD SABOT

5 The Social Foundations of Poor Economic Growth in Resource-Rich Countries

MICHAEL WOOLCOCK, LANT PRITCHETT AND JONATHAN ISHAM

PART III LONG-TERM PERSPECTIVE ON, AND MODELS OF, RESOURCE-BASED GROWTH

8 Political Economy of Resource-Abundant States

RICHARD M. AUTY AND ALAN H. GELB

Part IV Development Trajectories of Resource-Abundant Countries

Part V Lessons for Policy Reform

PART VI CONCLUSIONS

End Matter