Michael Giberson We’ve mentioned the “natural resource curse” a few times here. Harvard’s Jeffrey Frankel provides a recent and thorough overview of the literature in “The Natural Resource Curse: A Survey” with a helpful focus on what policies resource rich companies can consider to mitigate the curse. Abstract: It is striking how often countries with … More Frankel Surveys the Natural Resource Curse Literature
Michael Giberson A paper by Francesco Caselli and Guy Michaels, “Do Oil Windfalls Improve Living Standards? Evidence from Brazil,” takes a closer look at the how the resource curse works its anti-magic. (Ungated version here.) The abstract: We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find … More Digging into the Resource Curse: Research into Oil Revenue and Brazilian Municipalities
Michael Giberson A discovery of significant amounts of oil in Ghana has inspired a great deal of inquiry into how the country can avoid falling victim to the “resource curse,” the surprisingly low levels of economic development and weakening of political and social institutions sometimes associated with discovery and exploitation of valuable natural resources. In … More Ghana and Its Newfound Oil: Can It Use the Alaska Model to Avoid the Resource Curse?
Michael Giberson Joshua Keating, in Foreign Policy, offers a photo essay on lithium extraction in Bolivia. Keating said: Bolivia hopes its lithium treasure can pull it up from the bottom rungs of the global economy, but as countries throughout the developing world have learned the hard way, resource wealth can just as easily lead to … More Where Does Lithium Come From, Anyway?