Knowledge-Based Growth in Natural Resource Intensive Economies

Knowledge-Based Growth in Natural Resource Intensive Economies PDF

Author: Kristin Ranestad

Publisher: Springer

Published: 2018-11-07

Total Pages: 285

ISBN-13: 3319964127

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This book rejects the idea that natural resource industries are doomed to slow growth. Rather, it examines the case of Norway to demonstrate that such industries can prove highly innovative and dynamic. Here, the case is compellingly made that a key empirical problem with the popular ‘resource curse’ argument is that some of the richest countries in the world – namely Norway, Sweden, Canada and Australia – have all developed fast-growing economies based on natural resources. Analysis of innovation and knowledge development in natural resource industries reveal important new insights about the role of learning and innovation. These insights are key to understanding variances in growth levels between natural resource-based economies. Ranestad illustrates how Norway’s high economic performance is built on knowledge-based natural resource industries. While Norwegian industries may have originated because of foreign technology and expertise, they thrived due to further developments carried out by organisations within Norway. Ranestad looks at how these developments were possible due to the country’s high level of human capital, capacity for knowledge absorption and ability to adapt to new global technological and economic circumstances.

Natural Resources, Neither Curse nor Destiny

Natural Resources, Neither Curse nor Destiny PDF

Author: Daniel Lederman

Publisher: World Bank Publications

Published: 2006-10-23

Total Pages: 396

ISBN-13: 0821365460

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'Natural Resources: Neither Course nor Destiny' brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant natural resources. The evidence suggests that natural resources are neither a curse nor destiny. Natural resources can actually spur economic development when combined with the accumulation of knowledge for economic innovation. Furthermore, natural resource abundance need not be the only determinant of the structure of trade in developing countries. In fact, the accumulation of knowledge, infrastructure, and the quality of governance all seem to determine not only what countries produce and export, but also how firms and workers produce any good.

From Natural Resources to the Knowledge Economy

From Natural Resources to the Knowledge Economy PDF

Author: David M. De Ferranti

Publisher: World Bank Publications

Published: 2002

Total Pages: 204

ISBN-13:

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This report examines the structure of trade in the economies of the Latin American and Caribbean (LAC) region and the potential for job creation through the combined use of rich natural resources and the adoption of new technologies. It discusses whether the abundance of natural resources can create a concentrated export structure which hinders the potential for economic development and stability; and also considers the implications of trade policies for job quality. The report looks at the recent experiences of some LAC countries in specific sectors including Chile's agricultural performance, trade liberalisation policies in Argentina and Uruguay, and productivity in Brazilian manufacturing.

The New Natural Resource

The New Natural Resource PDF

Author: Hans Christian Garmann Johnsen

Publisher: Routledge

Published: 2016-03-03

Total Pages: 382

ISBN-13: 1317022742

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Increasingly in the public discourse there are references to the knowledge economy, knowledge society, knowledge workers and knowledge organisations. The argument is that knowledge is becoming the main economic resource, replacing the natural resources that drove the industrial revolution. The new knowledge economy is driven by knowledge development, innovation and highly skilled employees. Increasing investment in higher education and in universities is in line with this strategy and understanding. In an earlier book, Creating Collaborative Advantage edited with Richard Ennals, Professor Hans Christian Garmann Johnsen argued that it is knowledge that links social and economic processes. He believes that what is missing in the current discussion on innovation is a conceptualisation of exactly what knowledge is. In The New Natural Resource, he digs deeper into what it is and how it develops and subsequently leads to widespread change. The author argues that knowledge is inherently a social phenomenon. That is why social processes are closely linked to economic development, and why this relationship becomes even more apparent in the new knowledge economy. Knowledge is not an objective entity, established once and for all. Knowledge development is interrelated with values, norms, perceptions and interpretations. We need to know what the mechanisms are by which knowledge becomes legitimate, true and relevant.

Natural Resources and Economic Growth

Natural Resources and Economic Growth PDF

Author: Marc Badia-Miró

Publisher: Routledge

Published: 2015-05-22

Total Pages: 395

ISBN-13: 1317669193

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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.

Natural Resources and Economic Development

Natural Resources and Economic Development PDF

Author: Edward B. Barbier

Publisher: Cambridge University Press

Published: 2019-09-19

Total Pages: 451

ISBN-13: 1107179262

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The second edition of this landmark book explores how natural resources contribute to development in poor economies.

Economic Diversification Policies in Natural Resource Rich Economies

Economic Diversification Policies in Natural Resource Rich Economies PDF

Author: Sami Mahroum

Publisher: Routledge

Published: 2016-08-05

Total Pages: 353

ISBN-13: 1317338758

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Economic diversification remains at the top of the agenda for hundreds of regions around the world. From the single commodity economies of African countries and the Caribbean, to the many single industry regions of Europe and North America, as well as the oil and gas rich but volatile hydrocarbon economies. Economic diversification policies have been around for almost a century with varying degrees of success and failure. Economic Diversification Policies in Natural Resource Rich Economies takes a special interest in the policy experiences of a set of different countries that have extractive industries representing significant drivers of their economies and subsequently are significant contributors to government revenues. It explores twelve cases including upper-middle to high income economies such as Canada, Australia, Iceland and Norway, emerging economies such as Latin America, the GCC (Saudi and UAE), Kazakhstan, Malaysia and Russia, as well as the developing economy of Uganda. Each chapter provides a review of economic diversification experiences including policy environment, diversification strategies, desired outcomes, the role of government, and a critical evaluation of achievements. This book is suitable for those who study environmental economics, development economics and resource management.

Rents to Riches?

Rents to Riches? PDF

Author: Naazneen Barma

Publisher: World Bank Publications

Published: 2011-12-08

Total Pages: 303

ISBN-13: 0821387162

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This volume focuses on the political economy surrounding the detailed decisions that governments make at each step of the value chain for natural resource management. From the perspective of public interest or good governance, many resource-dependent developing countries pursue apparently short-sighted and sub-optimal policies in relation to the extraction and capture of resource rents, and to spending and savings from their resource endowments. This work contextualizes these micro-level choices and outcomes.

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