Sustaining Development in Mineral Economies: The Resource Curse Thesis (Hardcover) (ISBN-13: 9780415094825)

It is widely believed that natural mineral resources are desirable. However there is growing evidence that this may not always be the case. Indeed, it seems that natural assets can distort the economy to such a degree that the benefit actually becomes a curse.
In Sustaining Development in Mineral Economies, Richard Auty highlights these drawbacks and the devastating effect they can have on developing economies. With reference to six ore-exporters (viz. Peru, Bolivia, Chile, Jamaica, Zambia and Papua New Guinea) he outlines how things can go badly wrong. He particularly stresses the need to avoid Dutch Disease' whereby competitiveness is drained out of the agriculture and manufacturing sectors so that in the long term growth falters.

Author: Richard Auty
ISBN-10: 0415094828
ISBN-13: 9780415094825
Publisher: Routledge
Language: English
Published: 04/22/1993
Pages: 284
Format: Hardcover
Weight: 1.12lbs
Size: 8.50h x 5.50w x 0.75d