The Resource Curse

S. Mansoob Murshed

Agenda Publishing

The Resource Curse

Google Preview

Pub Date: October 2018

ISBN: 9781911116493

192 Pages

Format: Paperback

List Price: $25.00

Pub Date: October 2018

ISBN: 9781911116486

192 Pages

Format: Hardcover

List Price: $70.00

The Resource Curse

S. Mansoob Murshed

Agenda Publishing

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The “resource curse,” or “paradox of plenty,” refers to the long-established notion central in development economics that countries rich in natural resources, particularly minerals and fuels, perform less well economically than countries with fewer natural resources. In other words, resources are an economic curse rather than a blessing.

This short primer explores the complexities of this idea and the debates that surround it, in particular under what conditions the resource curse might operate, if not universal. Discussion ranges over the nature of resource booms, the benefits and costs of export-led growth, the problems of deindustrialization and manufacturing base erosion, rent-seeking behavior and corruption, and the empirical evidence of the effects of natural resource dependence on growth.

The treatment is nontechnical and accessible, drawing throughout on a range of illustrative examples from across the developed and developing world. The Resource Curse offers an authoritative introduction to one of the most perplexing issues of economic growth.

About the Author

S. Mansoob Murshed is professor of the economics of peace and conflict at the International Institute of Social Studies at Erasmus University in the Netherlands and professor of economics at Coventry University in the UK.