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The Global Institutional Order and the Problem of Resource Curse

Author

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  • Frank Aragbonfoh Abumere

    (Freelance Researcher on Global Governance. Bielefeld, Germany.)

Abstract

This paper is aimed at analysing the role of the global institutional order in resource curse. To achieve this aim, the author discussed the complexity of resource curse and the multifaceted nature of the activities that cause resource curse. Despite the complexity of resource curse and the multifaceted nature of the activities that cause resource curse, the particular role of the global institutional order is identified, among different causal roles played by different agents, and thus attributed causal responsibility to the global institutional order. This attribution of causal responsibility is based on the implicit argument, which pervades this paper, that any actor or agent that contributes to causing resource curse is responsible on the ‘level’, and to the extent, the actor or agent contributes to causing resource curse.

Suggested Citation

  • Frank Aragbonfoh Abumere, 2015. "The Global Institutional Order and the Problem of Resource Curse," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 6(3), pages 81-87, September.
    • Handle: RePEc:aii:ijcmss:v:6:y:2015:i:3:p:81-87
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    References listed on IDEAS

    as
    1. Sachs, J-D & Warner, A-M, 1995. "Natural Resource Abundance and Economic Growth," Papers 517a, Harvard - Institute for International Development.
    2. Krueger, Anne O, 1974. "The Political Economy of the Rent-Seeking Society," American Economic Review, American Economic Association, vol. 64(3), pages 291-303, June.
    3. Auty, R. & Warhurst, A., 1993. "Sustainable development in mineral exporting economies," Resources Policy, Elsevier, vol. 19(1), pages 14-29, March.
    4. Xavier Sala-i-Martin & Arvind Subramanian, 2013. "Addressing the Natural Resource Curse: An Illustration from Nigeria," Journal of African Economies, Centre for the Study of African Economies, vol. 22(4), pages 570-615, August.
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