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Economic Development and the Resource Curse Thesis

In: Economic and Political Reform in Developing Countries

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  • Richard M. Auty

Abstract

The successful industrialisation of many East Asian countries contrasts with the disappointing outcome in much of Latin America and subSaharan Africa. Not surprisingly, given this geographical pattern, explanations usually stress cultural factors (in the form of a work ethic or type of political regime) or environmental factors (the level of urbanisation or the natural resource endowment). Closely linked to this controversy is a second dispute about the mechanism by which the causal factor impacts on a country’s industrialisation. Specifically, some researchers emphasise macroeconomic policy as the mechanism (Lal, 1983; Stern, 1990) while others cite trade and industry policy (Amsden, 1989; Wade, 1990).

Suggested Citation

  • Richard M. Auty, 1995. "Economic Development and the Resource Curse Thesis," Palgrave Macmillan Books, in: Oliver Morrissey & Frances Stewart (ed.), Economic and Political Reform in Developing Countries, chapter 3, pages 58-80, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-13460-1_4
    DOI: 10.1007/978-1-349-13460-1_4
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    Cited by:

    1. Elvis Dze Achuo & Tii N. Nchofoung & Simplice A. Asongu & Gildas Dohba Dinga, 2021. "Unravelling the Mysteries of Underdevelopment in Africa," Working Papers of the African Governance and Development Institute. 21/073, African Governance and Development Institute..
    2. Nchofoung, Tii N. & Achuo, Elvis Dze & Asongu, Simplice A., 2021. "Resource rents and inclusive human development in developing countries," Resources Policy, Elsevier, vol. 74(C).
    3. Obadia Kyetuza Bishoge & Benatus Norbert Mvile, 2020. "The “resource curse” from the oil and natural gas sector: how can Tanzania avoid it in reality?," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 33(3), pages 389-404, October.
    4. Wu, Yingjia & Cao, Nannan & Muda, Iskandar & Rady, Ahmed & Abduvaxitovna, Shamansurova Zilola, 2024. "Financial development and natural resource nexus: Evaluating the importance of mineral in BRICS economies," Resources Policy, Elsevier, vol. 89(C).
    5. Hayat, Arshad & Rakshit, Shoumyadeep, 2020. "Natural resources curse or blessing? Evidence from a large panel dataset," MPRA Paper 101704, University Library of Munich, Germany.
    6. Bruno Venditto & Dirk Hanshom & John Ashipala, 2004. "Economic reform programmes, labour market institutions, employment and the role of the social partners in Namibia," Development and Comp Systems 0408006, University Library of Munich, Germany.
    7. Xiao Dai & Jian Wu & Liang Yan & Qian Zhang & Fangli Ruan & Dan Wang, 2019. "Industrial Structure Restructuring, Production Factor Allocation Analysis: Based on a Mineral Resource-Intensive City—Jiaozuo City," Sustainability, MDPI, vol. 11(4), pages 1-19, February.
    8. Smělá Monika & Sejkora Jiří, 2022. "Natural Resource Revenue Management: Which Institutional Factors Matter?," Review of Economic Perspectives, Sciendo, vol. 22(1), pages 3-23, March.

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