1st Edition

Natural Resources and Economic Growth Learning from History

Edited By Marc Badia-Miró, Vicente Pinilla, Henry Willebald Copyright 2015
394 Pages 53 B/W Illustrations
by Routledge

394 Pages 53 B/W Illustrations
by Routledge

394 Pages 53 B/W Illustrations
by Routledge

The relationship between natural capital and economic growth is an open debate in the field of economic development. Is an abundance of natural resources a blessing or a curse for economic performance? The field of Economic History offers an excellent vantage to explore the relevance of institutions, technical progress and supply-demand drivers. Natural Resources and Economic Growth contains... Read more

Introduction 1. From Resource Curse to Rent Curse: A Theoretical Perspective 2. Scarcity, frontiers and the resource curse: a historical perspective 3. Botswana: caught in a natural resource trap 4. Oil as sweet as honey: Linking natural resources, government institutions and domestic capital investment in Nigeria 1960-2000 5. The USA as a Case Study in Resource-Based Development 6. Welfare States and Development Patterns in Latin America 7. Oil illusion and delusion: Mexico and Venezuela over the 20th Century 8. Public Finances and Natural Resources in Bolivia, 1883-2010. Is there a fiscal curse? 9. The long run development of Chile and the Natural Resources curse. Linkages, policy and growth, 1850-1950 10. Mixed Blessings: Mining in Indonesia’s Economy, 1870-2010 11. Land abundance, frontier expansion and appropriability: settler economies during the First Globalization 12. The Lucky Country Syndrome in Australia: Resources, Social Democracy, and Regimes of Development in Historical Political Economy Perspective 13. The Institutional Foundations of Natural Resource Based Knowledge Economies 14. Avoiding the resource curse? Democracy and natural resources in Norway since 1900 15. Water scarcity and agricultural growth in Spain: from curse to blessing?

Biography

Vicente Pinilla is Professor of Economic History, Faculty of Economics and Business Studies, University of Zaragoza, Spain

Henry Willebald is Associate Professor, Instituto de Economía, Faculty of Economics and Business Administration, Universidad de la República, Uruguay

Marc Badia-Miró is a Lecturer at the Department of Economic History of the University of Barcelona, Spain

"...the volume is a good companion to gain a more nuanced perspective on the intriguing topic of natural resource-based growth."

Valeria Giacomin, Harvard Business School, USA.