Escaping the Resource Curse (Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization)

Humphreys, Macartan; Sachs, Jeffrey D.; Stiglitz, Joseph E.

ISBN 10: 0231141963 / ISBN 13: 9780231141963

Edité par Columbia University Press (edition Illustrated), 2007

A propos de cet article

With dust jacket. It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting.

N° de réf. du vendeur 0231141963-11-1-29

Détails bibliographiques

• Titre: Escaping the Resource Curse (Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization)
• Éditeur: Columbia University Press (edition Illustrated)
• Date de parution: 2007
• Langue: anglais
• ISBN à 10 chiffres: 0231141963
• ISBN à 13 chiffres: 9780231141963
• Reliure: Hardcover
• Édition: Illustrated.
• État de l'article: Very Good
• État de la jaquette: Jaquette

A propos de ce titre

Synopsis

The wealth derived from natural resources can have a tremendous impact on the economics and politics of producing countries. In the last quarter century, we have seen the surprising and sobering consequences of this wealth, producing what is now known as the "resource curse." Countries with large endowments of natural resources, such as oil and gas, often do worse than their poorer neighbors. Their resource wealth frequently leads to lower growth rates, greater volatility, more corruption, and, in extreme cases, devastating civil wars.

In this volume, leading economists, lawyers, and political scientists address the fundamental channels generated by this wealth and examine the major decisions a country must make when faced with an abundance of a natural resource. They identify such problems as asymmetric bargaining power, limited access to information, the failure to engage in long-term planning, weak institutional structures, and missing mechanisms of accountability. They also provide a series of solutions, including recommendations for contracting with oil companies and allocating revenue; guidelines for negotiators; models for optimal auctions; and strategies to strengthen state-society linkages and public accountability.

The contributors show that solutions to the resource curse do exist; yet, institutional innovations are necessary to align the incentives of key domestic and international actors, and this requires fundamental political changes and much greater levels of transparency than currently exist. It is becoming increasingly clear that past policies have not provided the benefits they promised. Escaping the Resource Curse lays out a path for radically improving the management of the world's natural resources.

À propos des auteurs

Jeffrey D. Sachs is University Professor at Columbia University and serves as Quetelet Professor of Sustainable Development and professor of health policy and management at Columbia University. He is a New York Times best-selling author, and his books include The End of Poverty (2005), Common Wealth: Economics for a Crowded Planet (2008), The Price of Civilization (2011), To Move the World: JFK's Quest for Peace (2013), The Age of Sustainable Development (Columbia University Press, 2015) and Building the New American Economy (Columbia University Press, 2017).

Joseph E. Stiglitz is University Professor at Columbia University and a member and former chair of Columbia University's Committee on Global Thought. He was the winner of the 2001 Nobel Prize for Economics. He served on President Clinton's Council of Economic Advisors, and then joined the World Bank as chief economist and senior vice president. His most recent book is The Price of Inequality: How Today's Divided Society Endangers Our Future.