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Monocausalism versus Systems Approach to Development – The Possibility of Natural Resource-based Development

Author

Listed:
  • Allan Dahl Andersen

    (Center for Technology, Innovation and Culture (TIK), Oslo University, Norway)

  • Björn Johnson

    (Department of Business Studies, Aalborg University)

Abstract

Development economics has over the years produced several one-factor explanations that we term as “fundamentalisms”. The authors argue that these fundamentalisms are interdependent and complement each other, and hence, the process of economic development must be understood as systemic. The focus is on “production-structure fundamentalism” in the form of the resource curse. By use of empirical examples it is argued that resource-based development is possible by building institutions supporting development of new knowledge and competences. The paper concludes that rather than individual development factors, it is the by institutions sustained interdependency and interaction between different types of development factors that underlie development processes.

Suggested Citation

  • Allan Dahl Andersen & Björn Johnson, 2014. "Monocausalism versus Systems Approach to Development – The Possibility of Natural Resource-based Development," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 6(2), pages 27-54, July.
    • Handle: RePEc:umk:journl:v:6:y:2014:i:2:p:27-54
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    File URL: http://ijie.um.edu.my/filebank/published_article/6529/IE%202.pdf
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    Citations

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    Cited by:

    1. MASWANA, Jean-Claude & FAROOKI, Masuma, 2013. "African Economic Growth Prospects: A Resource Curse Perspective," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(2), pages 169-182.

    More about this item

    Keywords

    Industrial structure; Innovation systems; Linkages; Natural resources; Structural change;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative

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