Sustaining Development in Mineral Economies

The Resource Curse Thesis

Nonfiction, Science & Nature, Science, Biological Sciences, Environmental Science, Business & Finance, Economics
Cover of the book Sustaining Development in Mineral Economies by Richard Auty, Taylor and Francis
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Author: Richard Auty ISBN: 9781134867899
Publisher: Taylor and Francis Publication: September 26, 2002
Imprint: Routledge Language: English
Author: Richard Auty
ISBN: 9781134867899
Publisher: Taylor and Francis
Publication: September 26, 2002
Imprint: Routledge
Language: English

It is widely believed that natural mineral resources are desirable. However there is growing evidence that this may not always be the case. Indeed, it seems that natural assets can distort the economy to such a degree that the benefit actually becomes a curse.
In Sustaining Development in Mineral Economies, Richard Auty highlights these drawbacks and the devastating effect they can have on developing economies. With reference to six ore-exporters (viz. Peru, Bolivia, Chile, Jamaica, Zambia and Papua New Guinea) he outlines how things can go badly wrong. He particularly stresses the need to avoid `Dutch Disease' whereby competitiveness is drained out of the agriculture and manufacturing sectors so that in the long term growth falters.

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It is widely believed that natural mineral resources are desirable. However there is growing evidence that this may not always be the case. Indeed, it seems that natural assets can distort the economy to such a degree that the benefit actually becomes a curse.
In Sustaining Development in Mineral Economies, Richard Auty highlights these drawbacks and the devastating effect they can have on developing economies. With reference to six ore-exporters (viz. Peru, Bolivia, Chile, Jamaica, Zambia and Papua New Guinea) he outlines how things can go badly wrong. He particularly stresses the need to avoid `Dutch Disease' whereby competitiveness is drained out of the agriculture and manufacturing sectors so that in the long term growth falters.

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