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The Institutional and Psychological Foundations of Natural Resource Policies

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  • Paul Collier

Abstract

The pressures of political interests which drive the resource curse are well-understood. But ordinary citizens are usually cast both as the innocent victims of this process, and as the potential solution if only governments could be made more accountable to them. This paper draws upon recent developments in social psychology to discuss the formation of mass opinions on two aspects of resource ownership. One is the spatial assignment of ownership between local and national claims, which has been a significant cause of conflict. The other is the assignment of revenues between current consumption and future investment, which has usually been excessively biased towards the former. I suggest why, in the absence of an active government communications policy to offset them, known psychological biases may interact with resource discoveries to generate mass opinions which contribute to these problems.

Suggested Citation

  • Paul Collier, 2017. "The Institutional and Psychological Foundations of Natural Resource Policies," Journal of Development Studies, Taylor & Francis Journals, vol. 53(2), pages 217-228, February.
    • Handle: RePEc:taf:jdevst:v:53:y:2017:i:2:p:217-228
    DOI: 10.1080/00220388.2016.1160067
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    Cited by:

    1. Nicolas Berman & Mathieu Couttenier & Victoire Girard, 2023. "Mineral Resources and the Salience of Ethnic Identities," The Economic Journal, Royal Economic Society, vol. 133(653), pages 1705-1737.
    2. Papyrakis, Elissaios & Parcero, Osiris Jorge, 2022. "The psychology of mineral wealth: Empirical evidence from Kazakhstan," Resources Policy, Elsevier, vol. 77(C).
    3. Girard, Victoire & Kudebayeva, Alma & Toews, Gerhard, 2020. "Inflated Expectations and Commodity Prices: Evidence from Kazakhstan," GLO Discussion Paper Series 469, Global Labor Organization (GLO), revised 2020.
    4. Cobbing, Jude & Hiller, Bradley, 2019. "Waking a sleeping giant: Realizing the potential of groundwater in Sub-Saharan Africa," World Development, Elsevier, vol. 122(C), pages 597-613.
    5. Cust,James Frederick & Mihalyi,David, 2017. "Evidence for a presource curse ? oil discoveries, elevated expectations, and growth disappointments," Policy Research Working Paper Series 8140, The World Bank.
    6. Vincent Géronimi & Claire Mainguy, 2020. "Exploitation minière et développement : des effets toujours controversés. Introduction," Mondes en développement, De Boeck Université, vol. 0(1), pages 7-29.
    7. Konrad Gunesch, "undated". "The Naturel Resourse Curse: A Socioeconomic and Sociopolitical Analysis of Causes and Symptoms Combined with Macroeconomic Solution Suggestions for International Development Policy and Practice," Review of Socio - Economic Perspectives 201821, Reviewsep.
    8. Tom Ogwang & Frank Vanclay, 2019. "Social Impacts of Land Acquisition for Oil and Gas Development in Uganda," Land, MDPI, vol. 8(7), pages 1-15, July.
    9. Jonathan Munemo, 2022. "Do African resource rents promote rent-seeking at the expense of entrepreneurship?," Small Business Economics, Springer, vol. 58(3), pages 1647-1660, March.
    10. Medase, S. Kehinde & Ahali, Aaron Yaw & Belitski, Maksim, 2023. "Natural resources, quality of institutions and entrepreneurship activity," Resources Policy, Elsevier, vol. 83(C).
    11. Cust,James Frederick & Mensah,Justice Tei, 2020. "Natural Resource Discoveries, Citizen Expectations and Household Decisions," Policy Research Working Paper Series 9372, The World Bank.
    12. Victoire Girard & Nicolas Berman & Mathieu Couttenier, 2020. "Natural resources and the salience of ethnic identities," NOVAFRICA Working Paper Series wp2007, Universidade Nova de Lisboa, Nova School of Business and Economics, NOVAFRICA.
    13. Paul Fenton Villar, 2022. "Is there a Mineral-Induced ‘Economic Euphoria’?: Evidence from Latin America," Journal of Happiness Studies, Springer, vol. 23(4), pages 1403-1430, April.
    14. Vijge, Marjanneke J. & Metcalfe, Robin & Wallbott, Linda & Oberlack, Christoph, 2019. "Transforming institutional quality in resource curse contexts: The Extractive Industries Transparency Initiative in Myanmar," Resources Policy, Elsevier, vol. 61(C), pages 200-209.
    15. Iasmin Goes, 2023. "Examining the effect of IMF conditionality on natural resource policy," Economics and Politics, Wiley Blackwell, vol. 35(1), pages 227-285, March.
    16. Goes, Iasmin & Kaplan, Stephen B., 2024. "Crude credit: The political economy of natural resource booms and sovereign debt management," World Development, Elsevier, vol. 180(C).

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