Natural Resources and Economic Development

Natural Resources and Economic Development
Author: Edward Barbier
Publisher: Cambridge University Press
Total Pages: 438
Release: 2005
Genre: Business & Economics
ISBN: 9780521706513

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A comprehensive analysis of natural resource use and economic development in poor countries, first published in 2005.

Natural Resources, Growth, and Development

Natural Resources, Growth, and Development
Author: Clement A. Tisdell
Publisher: Praeger
Total Pages: 0
Release: 1990-09-18
Genre: Business & Economics
ISBN: 0275934799

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Focuses on the environmental consequences of economic change and argues that the management and conservation of biological resources is a requirement for sustained economic growth. The author suggests a course of action which will allow economic growth while protecting resources.

Natural Resources and Economic Growth

Natural Resources and Economic Growth
Author: Marc Badia-Miró
Publisher: Routledge Explorations in Economic History
Total Pages: 374
Release: 2018-08-06
Genre: Economic development
ISBN: 9781138339620

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The relationship between natural capital and economic growth is an open debate in the field of economic development. Is an abundance of natural resources a blessing or a curse for economic performance? The field of Economic History offers an excellent vantage to explore the relevance of institutions, technical progress and supply-demand drivers. Natural Resources and Economic Growth contains theoretical and empirical articles by leading scholars who have studied this subject in different historical periods from the 19th century to the present day and in different parts of the world. Part I presents the theoretical issues and discusses the meaning of the "curse" and the relevance of the historical perspective. Part II captures the diversity of experiences, presenting thirteen independent case studies based on historical results from North and South America, Africa, Asia, Oceania and Europe. This book emphasizes that an abundance of natural resources is not a fixed situation. It is a process that reacts to changes in the structure of commodity prices and factor endowments, and progress requires capital, labour, technical change and appropriate institutional arrangements. This abundance is not a given, but is part of the evolution of the economic system. History shows that institutional quality is the key factor to deal with abundant natural resources and, especially, with the rents derived from their use and exploitation. This wide ranging volume will be of great relevance to all those with an interest in economic history, development, economic growth, natural resources, world history and institutional economics.

Technology, Natural Resources and Economic Growth

Technology, Natural Resources and Economic Growth
Author: Shunsuke Managi
Publisher: Edward Elgar Publishing
Total Pages: 449
Release: 2011
Genre: Technology & Engineering
ISBN: 1849807418

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Through a combination of global data analysis and focused country level analysis, this timely book provides answers to the most pertinent country and industry specific questions defining the current relationship between technology, natural resources and economic growth. Technology, Natural Resources and Economic Growth will provide a valuable resource for a wide readership including postgraduate students, researchers, academics and policy makers working in the fields of environmental and ecological economics.

Resource Abundance and Economic Development

Resource Abundance and Economic Development
Author: R. M. Auty
Publisher: Oxford University Press
Total Pages: 357
Release: 2001-06-28
Genre: Business & Economics
ISBN: 0199246882

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Since the 1960s the per capita incomes of the resource-poor countries have grown significantly faster than those of the resource-abundant countries. In fact, in recent years economic growth has been inversely proportional to the share of natural resource rents in GDP, so that the small mineral-driven economies have performed least well and the oil-driven economies worst of all. Yet the mineral-driven resource-rich economies have high growth potential because the mineral exportsboost their capacity to invest and to import."Resource Abundance and Economic Development" explains the disappointing performance of resource-abundant countries by extending the growth accounting framework to include natural and social capital. The resulting synthesis identifies two contrasting development trajectories: the competitive industrialization of the resource-poor countries and the staple trap of many resource-abundant countries. The resource-poor countries are less prone to policy failure than the resource-abundant countriesbecause social pressures force the political state to align its interests with the majority poor and follow relatively prudent policies. Resource-abundant countries are more likely to engender political states in which vested interests vie to capture resource surpluses (rents) at the expense of policycoherence. A longer dependence on primary product exports also delays industrialization, heightens income inequality, and retards skill accumulation. Fears of 'Dutch disease' encourage efforts to force industrialization through trade policy to protect infant industry. The resulting slow-maturing manufacturing sector demands transfers from the primary sector that outstrip the natural resource rents and sap the competitiveness of the economy.The chapters in this collection draw upon historical analysis and models to show that a growth collapse is not the inevitable outcome of resource abundance and that policy counts. Malaysia, a rare example of successful resource-abundant development, is contrasted with Ghana, Bolivia, Saudi Arabia, Mexico, and Argentina, which all experienced a growth collapse. The book also explores policies for reviving collapsed economies with reference to Costa Rica, South Africa, Russia and Central Asia. Itdemonstrates the importance of initial conditions to successful economic reform.

Natural Resource Endowment and the Fallacy of Development in Cameroon

Natural Resource Endowment and the Fallacy of Development in Cameroon
Author: Fonjong, Lotsmart
Publisher: Langaa RPCIG
Total Pages: 364
Release: 2019-10-05
Genre: Business & Economics
ISBN: 9956551244

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Cameroon is rich in petroleum, minerals, tropical forests, wildlife, water systems, fertile lands, and much more. Paradoxically however, most citizens live in abject poverty and without jobs, potable water, electricity, good healthcare and roads. This book is a thoughtful interrogation of some of the structural factors driving persistent poverty in Cameroon in the midst of natural resource abundance. It engages in a multidimensional critical analysis of the impact of natural resources on basic development indicators and concludes that good resource governance and sound management are the missing link. Natural resources alone will not create socio-economic prosperity void of good management with a clear development vision and strategy in Cameroon. The book assembles a wide diversity of analysis, views, perspectives and recommendations from economists, development experts, social and political scientists, on Cameroon’s current development inertia. What emerges in the end is a coherent interdisciplinary analysis of the natural resource-development paradox as it plays out in an African setting. Theories and good practices from Africa and beyond are systematically applied to identify and critique present policy and management approaches while providing alternative options that can unlock Cameroon’s natural resource wealth for national prosperity.

Scarcity and Growth Revisited

Scarcity and Growth Revisited
Author: R. David Professor Simpson
Publisher: Routledge
Total Pages: 306
Release: 2012-05-23
Genre: Nature
ISBN: 113652472X

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In this volume, a group of distinguished international scholars provides a fresh investigation of the most fundamental issues involved in our dependence on natural resources. In Scarcity and Growth (RFF, 1963) and Scarcity and Growth Reconsidered (RFF, 1979), researchers considered the long-term implications of resource scarcity for economic growth and human well-being. Scarcity and Growth Revisited examines these implications with 25 years of new learning and experience. It finds that concerns about resource scarcity have changed in essential ways. In contrast with the earlier preoccupation with the adequacy of fuel, mineral, and agricultural resources and the efficiency by which they are allocated, the greatest concern today is about the Earth‘s limited capacity to handle the environmental consequences of resource extraction and use. Opinion among scholars is divided on the ability of technological innovation to ameliorate this 'new scarcity.' However, even the book‘s more optimistic authors agree that the problems will not be successfully overcome without significant advances in the legal, financial, and other social institutions that protect the environment and support technical innovation. Scarcity and Growth Revisited incorporates expert perspectives from the physical and life sciences, as well as economics. It includes issues confronting the developing world as well as industrialized societies. The book begins with a review of the debate about scarcity and economic growth and a review of current assessments of natural resource availability and consumption. The twelve chapters that follow provide an accessible, lively, and authoritative update to an enduring-but changing-debate.

Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa

Natural Resource Abundance, Growth, and Diversification in the Middle East and North Africa
Author: Ndiame' Diop
Publisher: World Bank Publications
Total Pages: 229
Release: 2012-10-01
Genre: Business & Economics
ISBN: 0821395920

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MENA holds more than 60% of oil and nearly 50% of gas reserves, making its economy very vulnerable to price fluctuations. This volume investigates the effect of natural resources and the role of policies on achieving higher and sustained growth through economic diversification.

Essay on Natural Resources, Economic Growth, Development and Equity

Essay on Natural Resources, Economic Growth, Development and Equity
Author: Thi Tuyet Mai Nguyen
Publisher:
Total Pages: 0
Release: 2020
Genre:
ISBN:

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Sustainable development is an attractive topic for economists. In the literature on economic growth and sustainable development, there are two core approaches used in most discussions. The first one is recognizing the importance of natural resources as well as strategies for using these resources for economic development in the context of their depletion. The second one is the issue of intergenerational equity in which the needs of the present generations can be assured without compromising the ability to meet the needs of the future generation. My thesis aims to study theoretical models on natural resources, economic growth, development and equity. Chapter I considers a two-sector economy with externalities. We study a theoretical model that investigates the relationship between the optimal dynamics of economic growth using renewable resources and environmental quality. In this model, the industrial sector uses intermediate inputs to produce a final consumption good, and another sector, called the exploitation sector, engages in exploiting a renewable resource. This resource can be sold directly at an exogenously determined market price, generating an additional source of income. We also take into account the negative externalities of the polluting industrial sector on the regenerating capacity of the renewable resource sector. Without the usual convexity or the super-modularity, we prove that the economy evolves to increase the net gain of stock some day in the future. This property ensures that in the long run, the economy gets very close to a steady state. We also establish the conditions ensuring the convergence of the economy in the long run. For sustainable development, one of the most difficult problems relying on criteria for Social Welfare Function is the reconciliation between equality and efficiency. The Anonymity Axiom states that the social ordering is invariant to the information regarding individual orderings. The Pareto Axiom imposes that if at least one generation increases its utility then the social welfare must improve. However, there is no SWF which satisfies both the Anonymity and Pareto Axioms. To overcome this difficulty, some authors propose several approaches to mitigate these axioms. Therefore, a lot of criteria have been introduced such as: Dominance, Weak Dominance, Weak Pareto, Monotonicity and so on. In the second chapter of my thesis, we have revisited some properties of a SWF in the literature taking into account the continuity of this SWF under different topologies. [...] Furthermore, we propose the notions weak no-dictactorship and strong no-dictatorship of the present and the future following the spirit of Chichilniski and provide a detailed description for parameters characterizing the two No dictatorship. In chapter 3, we study an inter-temporal optimization problem using a criterion which is a combination of Ramsey and Rawls criteria. A detailed description of the saving behavior through time is provided. [...] The last chapter develops a theoretical model to access the determinants of the effectiveness of Special Economic Zone and the conditions for its implementation. The results of this study show that there is a threshold such that for all the initial savings of a country above this level, it will be optimal to invest in new technology. Moreover, several factors including the price of technological capital, the wage of high-skilled labor, the initial income of the economy and the total factor productivity in the SEZ sector, endogenously determine this threshold. This chapter also proposes a service sector as an additional source to the accumulated capital, that can help the country pass this threshold.

Green Growth That Works

Green Growth That Works
Author: Lisa Ann Mandle
Publisher:
Total Pages: 334
Release: 2019-09-12
Genre: Business & Economics
ISBN: 1642830038

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Rapid economic development has been a boon to human well-being, but comes at a significant cost to the fertile soils, forests, coastal marshes, and farmland that support all life on earth. If ecosystems collapse, so eventually will human civilization. One solution is inclusive green growth--the efficient use of natural resources. Its genius lies in working with nature rather than against it. Green Growth That Works is the first practical guide to bring together pragmatic finance and policy tools that can make investment in natural capital both attractive and commonplace. Pioneered by leading scholars from the Natural Capital Project, this valuable compendium of proven techniques can guide agencies and organizations eager to make green growth work anywhere in the world.