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Title Natural Resources and Economic Growth : Learning from History / edited by Marc Badia-MirĂ³, Vicente Pinilla and Henry Willebald
Published Abingdon, Oxon [UK] ; New York, NY : Routledge, 2015
Online access available from:
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Description 1 online resource
Series Routledge explorations in economic history ; 72
Routledge explorations in economic history ; 72
Contents 1. Introduction: natural resources and economic development : what can we learn from history? / Henry Willebald, Marc Badia-Miro and Vicente Pinilla -- 2. From resource curse to rent curse : a theoretical perspective / Richard M. Auty -- 3. Scarcity, frontiers and the resource curse : a historical perspective / Edward B. Barbier -- 4. Botswana : caught in a natural resource trap / Ellen Hillbom -- 5. Oil as sweet as honey : linking natural resources, government institutions and domestic capital investment in Nigeria 1960-2000 / Hanaan Marwah -- 6. The USA as a case study in resource-based development / Gavin Wright -- 7. Welfare states and development patterns in Latin America / Luis Bertola -- 8. Oil illusion and delusion : Mexico and Venezuela over the twentieth century / Maria del mar Rubio-Varas -- 9. Public finances and natural resources in Bolivia, 1883-2010 : is there a fiscal curse? / Jose A. Peres-Cajias -- 10. Long-run development in Chile and natural resource curse : linkages, policy and growth, 1850-1950 / Marc Badia-Miro and Cristian A. Ducoing -- 11. Mixed blessings : mining in Indonesia's economy, 1870-2010 / Pierre van der Eng -- 12. Land abundance, frontier expansion and appropriability : settler economies during the first globalization / Henry Willebald -- 13. The lucky country syndrome in Australia : resources, social democracy and regimes of development in historical political economy perspective / Christopher Lloyd -- 14. The institutional foundations of natural resource based knowledge economies / Simon Ville and Olav Wicken -- 15. Avoiding the resource curse? Democracy and natural resources in Norway since 1900 / Andreas R. Dugstad Sanders and Pal Thonstad Sandvik -- 16. Water scarcity and agricultural growth in Spain : from curse to blessing? / Ignacio Cazcarro. [and others]
Summary 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 performanceThe 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
Bibliography Includes bibliographical references and index
Notes Vendor-supplied metadata
Subject Economic development -- History.
Economic history.
Natural resources -- History
BUSINESS & ECONOMICS -- Real Estate -- General.
Economic development.
Economic history.
Natural resources.
Genre/Form History.
Form Electronic book
Author Badia-MirĂ³, Marc, editor.
Pinilla, Vicente, editor
Willebald, Henry, editor.
ISBN 1138782181