Resource Abundance and Economic Development [Paperback]

Since the 1960s the economies of the resource-poor nations have grown much faster than those of the resource-abundant nations. This book explains the disappointing performance of resource-abundant nations by extending the growth accounting framework to include natural and social capital.

I. Introduction
Introduction and Overview,Richard M. Auty
II. Critical Parameters in Resource-Based Development Models
2. Natural Resources, Capital Accumulation, Structural Change, and Welfare,Richard M. Auty and Sampsa Kiiski
3. The Sustainability of Extractive Economies,Kirk Hamilton
4. Natural Resources, Human Capital, and Growth,Nancy Birdsall, Thomas Pinckney, and Richard Sabot
5. The Social Foundations of Poor Economic Growth in Resource-Rich Countries,Michael Woolcock, Lant Pritchett, and Jonathan Isham
III. Long-Term Perspective on, and Models of, Resource-Based Growth
6. Natural Resources and Economic Development: The 1870-1914 Experience,Ronald Findlay and Mats Lundahl
7. Short-Run Models of Contrasting Natural Resource Endowments,S. Mansoob Murshed
8. Political Economy of Resource-Abundant States,Richard M. Auty and Alan H. Gelb
IV. Development Trajectories of Resource-Abundant Countries
9. Competitive Industrialization with Natural Resource Abundance: Malaysia,Mahani Zainal Abidin
10. A Growth Collapse with Diffuse Resources: Ghana,Robert Osei
11. A Growth Collapse with Point Resources: Bolivia,Richard M. Auty and J. L. Evia
12. A Growth Collapse with High Rent Point Resources: Saudi Arabia,Richard M. Auty
13. Large Resource-Abundant Countries Squander their Size Advantage: Mexico and Argentina,Richard M. Auty
V. Lessons for Policy Reform
14. Reforming a Small Resource-Rich Developing Market Economy: Costa Rica,la