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The Rent CurseNatural Resources, Policy Choice, and Economic Development$
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Richard M Auty and Haydn I Furlonge

Print publication date: 2018

Print ISBN-13: 9780198828860

Published to Oxford Scholarship Online: January 2019

DOI: 10.1093/oso/9780198828860.001.0001

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Aims, Approach, and Structure of the Study

Aims, Approach, and Structure of the Study

(p.3) 1 Aims, Approach, and Structure of the Study
The Rent Curse

Richard M. Auty

Haydn I. Furlonge

Oxford University Press

This study sheds new light on several development controversies in addition to the resource curse including industrial policy, premature deindustrialization, urban bias, rural neglect, and dual track reform. The approach uses two stylized facts rent-driven models to analyze the political economy of economic development. It illustrates the models with two country case studies: high-rent Trinidad and Tobago and low-rent Mauritius. The stylized facts models provide a nuanced explanation of the rent curse and are applied to compare and explain the contrasting post-1960 development outcomes in five principal global developing regions: sub-Saharan Africa, Latin America, East Asia, South Asia, and the Gulf.

Keywords:   Case studies, stylized facts models, global regional comparison

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