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A curse with no cure? : natural resources and violent conflicts

Document type: article
Download file(s): 138007 (217 KB)
Abstract: This article diagnoses the resource curse, or rather the ‘resource curses’, and analyses suggested cures. It looks at problems such as poor economic growth, takes a political economy perspective, and examines the link with civil war. Policy recommendations for reversing the ‘resource curse’ have been divided into economic measures and messy politics. A reality check is needed to see if the suggested cures are realistic. The whole list of measures that need to be taken to turn the resource curse into a blessing seems to add up to: install a full-blown multi-party democracy with a strong, open and diversified economy (or keep the resources in the ground). Even when these countries are willing to improve their institutions prior to the resource extraction, they face serious pressures not to do so. While the institutions needed for managing resource wealth need time to establish and consolidate, pressure from countries like China to move ahead is building up.
Authors: Kamphuis, B.
Category: Policy
End Page: 7
Serial number: 11
ISSN: 1874-2033
Journal: The Broker
Keywords: economic development , political conditions , social development , development policy
Language: eng
Organization: The Broker
Year: 2008
Right: © 2008 IDP. This article has been licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 Unported license.
Subject: Economic Development and Trade
Start Page: 4
Title: A curse with no cure? : natural resources and violent conflicts