Natural Resources and Economic Development, first published in
2005, explores a key paradox: why is natural resource exploitation
not yielding greater benefits to the poor economies of Africa, Asia
and Latin America? Part I examines this paradox both through a
historical review of resource use and development and through
examining current theories which explain the under-performance of
today's resource-abundant economies, and proposes a frontier
expansion hypothesis as an alternative explanation. Part II
develops models to analyse the key economic factors underlying land
expansion and water use in developing countries. Part III explores
further the 'dualism within dualism' structure of resource
dependency, rural poverty and resource degradation within
developing countries, and through illustrative country
case-studies, proposes policy and institutional reforms necessary
for successful resource-based development.
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