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The Political Economy of Natural Resource Funds

Author: Eyene Okpanachi

Publisher: Springer Nature

Published: 2021-08-13

Total Pages: 300

ISBN-13: 3030782514

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The Political Economy of Natural Resource Funds

Author: Eyene Okpanachi

Publisher:

Published: 2021

Total Pages: 0

ISBN-13: 9783030782528

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This book aims to foster a better understanding of the particular challenges faced by resource-dependent countries or jurisdictions in managing their resource revenues through natural resource funds (NRFs). It explores the varieties of natural resource management strategies as dictated primarily by domestic politics, and how the potential negative distributional consequences of resource wealth management (the resource curse) may add political dimensions and potential conflicts to decisions about NRFs in ways that other sovereign wealth funds (SWFs) do not experience. By bridging the existing academic and practical knowledge gap arising from the limited attention given to the domestic politics of NRFs and state-society relations, this edited book is a valuable resource for academics, policymakers, and civil society actors in resource-driven economies and especially those interested in learning from comparative experiences of natural resource wealth management through NRFs. Eyene Okpanachi is Marie Curie Fellow at the University of South Wales. He was previously Banting Postdoctoral Fellow at the University of Victoria and Vanier Canada Graduate Scholar at the University of Alberta. Reeta Chowdhari Tremblay is Professor of Comparative Politics and former Provost/Vice President Academic at the University of Victoria, Canada. She is Past President of the Canadian Political Science Association (CPSA). .

Rents to Riches?

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.

The Political Economy of the Natural Resource Curse

Author: Robert T. Deacon

Publisher:

Published: 2011

Total Pages: 110

ISBN-13: 9781601984968

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The Political Economy of the Natural Resources Curse focuses on political economy theories of the resource curse and scrutinizes how well, or poorly, these theories have been integrated with empirical work. One reason why this integration is important lies in the practical importance of pinning down the causal links involved in the resource curse. A second reason for focusing on integration of theory and empirics is that the resource curse is a potentially fruitful venue for testing political economy theories generally. The Political Economy of the Natural Resources Curse starts with an overview of the broader economic literature on the resource curse, explaining how interest first arose and summarizing the market-based and political economy theories developed to explain it. After these preliminaries, the focus tightens to political economy research on the resource curse and examines theories and empirical evidence on the link between political conditions and perverse responses to resource booms. Section 3 reviews political economy theories of the resource curse based on rent-seeking. Section 4 reviews political economy theories that incorporate institutions explicitly. Papers offering general empirical findings without developing new theory are covered in Section 5. Conclusions are presented in Section 6 and focus on strengths and weaknesses of the existing literature, whether empirical analysis has successfully corroborated or refuted predictions from theoretical analysis, opportunities for future empirical research, and the question of whether or not the resource curse is a 'real' phenomenon.

The Politics and Economics of Indonesia's Natural Resources

Author: Budy P. Resosudarmo

Publisher: Institute of Southeast Asian Studies

Published: 2005

Total Pages: 322

ISBN-13: 9789812303127

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The challenges in using and managing natural resources in Indonesia are immense. They include ensuring that resource utilisation benefits most Indonesians. Examines this and other related issues from a political, socio-economic, and environmental standpoint.

Corruption, Natural Resources and Development

Author: Aled Williams

Publisher: Edward Elgar Publishing

Published: 2017-01-27

Total Pages: 192

ISBN-13: 1785361201

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This book provides a fresh and extensive discussion of corruption issues in natural resources sectors. Reflecting on recent debates in corruption research and revisiting resource curse challenges in light of political ecology approaches, this volume provides a series of nuanced and policy-relevant case studies analyzing patterns of corruption around natural resources and options to reach anti-corruption goals. The potential for new variations of the resource curse in the forest and urban land sectors and the effectiveness of anti-corruption policies in resource sectors are considered in depth. Corruption in oil, gas, mining, fisheries, biofuel, wildlife, forestry and urban land are all covered, and potential solutions discussed.

Natural Resources and the State

Author: Oran R. Young

Publisher: Univ of California Press

Published: 2022-08-19

Total Pages: 240

ISBN-13: 0520370937

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This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1981.

Confronting the Curse

Author: Cullen S. Hendrix

Publisher: Peterson Institute for International Economics

Published: 2014

Total Pages: 221

ISBN-13: 0881326763

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The political economy of natural resource wealth poses two interrelated challenges for American foreign policy, both involving governance issues in countries that are abundantly endowed with natural resources. The potentially negative impact of natural resources on development is captured in the phrase "the resource curse". The implications are the greatest for the commodity producers themselves, ranging from complications for macroeconomic management to political authoritarianism and, in the extreme, the precipitation of violent civil conflict. For US policy, the resource curse presents challenges with respect to coping with state failure and associated transborder phenomena. The issues extend to broader geopolitics. Resource abundance confers financial and political power on producers. China's emergence as a major importer and investor in extraction, willing to accommodate authoritarian producers, exacerbates the challenge, potentially undercutting international efforts to encourage greater transparency and improved management of natural resource wealth. This issue is of particular importance for US policy toward Africa

Risk and the Political Economy of Resource Development

Author: D. W. Pearce

Publisher: Springer

Published: 2016-01-03

Total Pages: 361

ISBN-13: 1349069809

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Escaping the Resource Curse

Author: Macartan Humphreys

Publisher: Columbia University Press

Published: 2007-05-22

Total Pages: 429

ISBN-13: 0231512104

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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.