Thinking global, living local: Voices in a globalized world

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  • Governance Strategies to Remedy the Natural Resource Curse

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    The seemingly paradoxical outcome of resource-rich countries being development-poor is, in fact, quite predictable given that autocratic governments often rule  resource-rich states. Addressing the resource curse requires changing the incentives facing political leaders so that they are rewarded for transparency and confront robust international legal penalties when they do not. […]

  • Natural Resource Abundance and Economic Growth

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    One of the surprising features of modern economic growth is that economies abundant in natural resources have tended to grow slower than economies without substantial natural resources. In this paper we show that economies with a high ratio of natural resource exports to GDP in 1970 (the base year) tended […]

  • From Curse to Blessing. Natural Resources and Institutional Quality

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    Can a country have plenty of natural resources and yet fail to grow and develop? The resource curse paradox is more than a “worstcase scenario.” There is robust empirical evidence for a negative relationship between natural resource wealth and economic growth. [issuu layout=http%3A%2F%2Fskin.issuu.com%2Fv%2Flight%2Flayout.xml showflipbtn=true documentid=110509095345-14013963d43e452c9c0528f85a245299 docname=world_bank_from_curse_to_blessing username=FutureChallenges loadinginfotext=From%20Curse%20to%20Blessing.%20Natural%20Resources%20and%20Institutional%20Quality showhtmllink=true tag=botswana […]

  • Curse or Blessing? Natural Resources and Human Development

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    This paper argues against a natural resource curse for human development. We find evidence that changes in human development from 1970 to 2005, proxied by changes in the Human Development Index, are positively and significantly correlated with natural resource abundance. While our results are consistent with those of other authors […]