It is widely believed that natural mineral resources are desirable. However there is growing evidence that this may not always be the case. Indeed, it seems that natural assets can distort the economy to such a degree that the benefit actually becomes a curse. In Sustaining Development in Mineral Economies, Richard Auty highlights these drawbacks and the devastating effect they can have on developing economies. With reference to six ore-exporters (viz. Peru, Bolivia, Chile, Jamaica, Zambia and Papua New Guinea) he outlines how things can go badly wrong. He particularly stresses the need to avoid `Dutch Disease' whereby competitiveness is drained out of the agriculture and manufacturing sectors so that in the long term growth falters.

Sustaining Development in Mineral Economies

Business & Money

Auty, Richard

Economics

Routledge

Drawing upon recent progress in development economics and political science, the book provides fresh analysis of the Caucasus and Central Asia (CCA) countries transition to a market economy by tracing the impact of natural resource endowment.

Energy, Wealth and Governance in the Caucasus and Central Asia: Lessons not learned (Central Asia Research Forum)

Soysa, Indra de

History

Sustaining Development in Mineral Economies: The Resource Curse Thesis

The Riddle of Bronzino

Arts & Photography

History & Criticism

United Writers Publications Ltd

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Books by Auty, Richard