Download Materials Research for Sustainable Development

Survey
yes no Was this document useful for you?
   Thank you for your participation!

* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project

Document related concepts

Development economics wikipedia, lookup

Transcript
Resource Curse

“Almost without exception, the resource-abundant
countries have stagnated in economic growth since
the early 1970s, inspiring the term, ‘curse of natural
resources’. Empirical studies have shown that this
curse is a reasonably solid fact…..Except for the
direct contribution of the natural resource sector
itself, …natural resource abundant countries
systematically failed to achieve strong export led
growth or other kinds of growth”
- Sachs and Warner, European Economic Rev.,
45, 827-838 (2001)