The Resource The rent curse : natural resources, policy choice, and economic development, Richard M. Auty and Haydn I. Furlonge

The rent curse : natural resources, policy choice, and economic development, Richard M. Auty and Haydn I. Furlonge

Label
The rent curse : natural resources, policy choice, and economic development
Title
The rent curse
Title remainder
natural resources, policy choice, and economic development
Statement of responsibility
Richard M. Auty and Haydn I. Furlonge
Creator
Contributor
Author
Subject
Language
eng
Summary
The resource curse is a variant of a wider rent curse that can also be driven by geopolitical rent, regulatory rent, and labour rent. Total rent can therefore be from one-tenth to two-fifths of GDP and sometimes mor4e. Rent is detached from the activity that generates it and is up for grabs so it feeds contents for its capture and its deployment can radically impact the development trajectory for better or worse, all too often for worse. The Rent Curse: Natural Resources, Policy Choice, and Economic Development studies two rent driven models to suggest that low rent incentivizes the elite to grow the economy efficiently, whereas high rent encourages rent siphoning for immediate enrichment at the expense of long-term growth. It looks at low rent Mauritius and high rent Trinidad and Tobago to show that low rent stimulates rapid and relatively egalitarian economic growth with incremental democratization, whereas high rent inhibits competitive diversification and frequently causes protracted growth collapses. The post-war prioritization of industry has proved a double edged sword. The Rent Curse employs rent driven models to explain why low rent East Asia has closed the income gap with advanced economies; why rent rich Latin America may be de-industrializing; why agricultural neglect launched sub-Saharan Africa on a false start to economic development; why South Asia pioneers growth through export services; and why governmenets in the oil-rich Gulf states raised the incomes of nationals without conferring the skills to sustain them
Cataloging source
NhCcYBP
http://library.link/vocab/creatorName
Auty, R. M.
Dewey number
333.7
Index
index present
LC call number
HC85
LC item number
.A98 2019
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Furlonge, Haydn I.
  • EBSCOhost
http://library.link/vocab/subjectName
  • Natural resources
  • Economic development
  • Rent (Economic theory)
  • Resource curse
  • Industrial policy
Label
The rent curse : natural resources, policy choice, and economic development, Richard M. Auty and Haydn I. Furlonge
Link
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1968604
Instantiates
Publication
Copyright
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
unknown
Edition
First edition.
Extent
1 online resource.
Form of item
online
Isbn
9780192564009
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(NhCcYBP)40028828653
Label
The rent curse : natural resources, policy choice, and economic development, Richard M. Auty and Haydn I. Furlonge
Link
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1968604
Publication
Copyright
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
unknown
Edition
First edition.
Extent
1 online resource.
Form of item
online
Isbn
9780192564009
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Reproduction note
Electronic reproduction.
Specific material designation
remote
System control number
(NhCcYBP)40028828653

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