'Resource curse' and how to avoid it

Paul J. Stevens

    Research output: Contribution to journalArticle

    Abstract

    The article addresses the phenomenon of “resource curse” as it affects countries that are dependent upon hydrocarbon and mineral exports. After discussing the concept of “resource curse” and its origins, the paper considers the experience of those nations that the literature asserts avoided a “curse” and secured, instead, a “blessing.” The article determines empirically whether these countries did, indeed, benefit from oil, gas, and mineral projects and on what basis a judgment can be made. It then considers in detail what economic policies were applied and why those policies were pursued. Four case studies are used: Botswana, Chile, Indonesia, and Malaysia. The study concludes that some countries actually did benefit and that the secret to success lies in whether the states are “developmental” or “predatory.”
    Original languageEnglish
    Pages (from-to)1-20
    Number of pages20
    JournalJournal of Energy and Development
    Volume31
    Issue number1
    Publication statusPublished - 2006

    Keywords

    • Resource curse
    • Hydrocarbon development
    • Botswana
    • Chile
    • Indonesia
    • Malaysia

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