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Resource curse: natural resources and their divergent impact on development in Madagascar

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  • Josué, ANDRIANADY

Abstract

Madagascar, renownedforits rich biodiversity and abundant natural resources, faces a perplex ing paradox: the very assets that hold promise for economic advancement often present formidable barriers to development. Thisstudydelvesintotheintricatedynamicsofthe“rawmaterialcurse”in Madagascar, where the exploitation of natural resources fails to translate into sustained economic growth and prosperity. Through an in-depth analysis of economic data and empirical evidence, we uncover the complex interplay between natural resource abundance, economic dependency, and development outcomes. Our findings underscore the urgent need for targeted policy inter ventions to mitigate the adverse effects of resource dependence and foster inclusive development. By shedding light on the challenges posed by the raw material curse, this research aims to inform policymakers, stakeholders, and the international community about the imperative of sustainable and equitable resource management in Madagascar’s quest for socio-economic advancement.

Suggested Citation

  • Josué, ANDRIANADY, 2024. "Resource curse: natural resources and their divergent impact on development in Madagascar," MPRA Paper 121647, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:121647
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    File URL: https://mpra.ub.uni-muenchen.de/121647/1/MPRA_paper_121647.pdf
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    References listed on IDEAS

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    1. Jeffrey D. Sachs & Andrew M. Warner, 1995. "Natural Resource Abundance and Economic Growth," NBER Working Papers 5398, National Bureau of Economic Research, Inc.
    2. Barrak Ghanim Algharabali & Saud Asaad Al-Thaqeb, 2023. "The Natural Resource Curse: Is It Really a Curse?," International Journal of Energy Economics and Policy, Econjournals, vol. 13(4), pages 237-245, July.
    3. Auty, Richard M., 2001. "The political economy of resource-driven growth," European Economic Review, Elsevier, vol. 45(4-6), pages 839-846, May.
    4. Matata Ponyo Mapon & Jean-Paul K. Tsasa, 2019. "The artefact of the Natural Resources Curse," Papers 1911.09681, arXiv.org.
    5. Edward B. Barbier, 2005. "Natural Resource-Based Economic Development in History," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 6(3), pages 103-152, July.
    6. Pietro F. Peretto, 2009. "Is the “curse of natural resources” really a curse?," Levine's Working Paper Archive 814577000000000164, David K. Levine.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Madagascar; natural resources; raw material curse; economic development; resource dependency; inclusive growth.;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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