Plundered Nations Successes and Failures in Natural Resource Extraction [Paperback]

This book consists of eight case studies investigating the political economy of the decision chain involved in natural resource extraction in resource-rich countries, where plunder rather than prosperity has become the norm. Some case studies reveal successes, while others show the decision chain to have failed disastrously.Key Decisions for Resource Management: Principles and Practice; P. Collier & A.J. Venables Governance and Oil Revenues in Cameroon; B. Gauthier & A. Zeufack Learning How to Manage Natural Resource Revenue: The Experience of Copper in Chile; J. Rodrigo Fuentes Oil in Iran: Dependence, Distortions and Distribution; M. Karshenas & A. Malik Kazakhstan: Public Saving and Private Spending; A. Esanov & K. Kuralbayeva The Developmental State: Malaysia; Z.A.Yusof Management of Resource Revenue: Nigeria; O. Ajakaiye, P. Collier & A. Ekpo The Contest for Control: Oil and Gas Management in Russia; V.Kryukov, A.Tokarev & S.Yenikeyeff Copper Mining in Zambia:From Collapse to Recovery; C. Adam & A. Simpasa

'Plundered Nations is a very important book at a crucial time. It lays out the values, principles, and competences needed to transform resource wealth into a sustainable improvement in the lives of present and future generations. A series of insightful case studies on a range of countries make these principles vivid, concrete and accessible. This book will be widely read and highly influential in accelerating the transformation of natural resource wealth management.' - Michael Spence, Nobel Laureate

PAUL COLLIER CBE is Professor of Economics at the University of Oxford and Director of the Centre for the Study of African Economies. He is the author of The Plundered Planet (2010) on the management of natural assets, and of the award-winning The Bottom Billion (2007). He was previously Director of the Development Research Department of the World Bank, and has published extensively on African economic development.