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The Rent Curse Natural Resources Policy Choice and Economic Development 2019 Edition at Meripustak

The Rent Curse Natural Resources Policy Choice and Economic Development 2019 Edition by Richard M Auty, Haydn I Furlonge , Oxford

Books from same Author: Richard M Auty, Haydn I Furlonge

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    Author(s)Richard M Auty, Haydn I Furlonge
    Publish YearJuly 2021


    Oxford The Rent Curse Natural Resources Policy Choice and Economic Development 2019 Edition by Richard M Auty, Haydn I Furlonge

    The resource curse is a variant of a wider rent curse that can also be driven by geopolitical rent, regulatory rent, and labour rent. Total rent can therefore be from one-tenth to two-fifths of GDP and sometimes more. Rent is detached from the activity that generates it and is up for grabs so it feeds contents for its capture and its deployment can radically impact the development trajectory for better or worse, all too often for worse._x000D__x000D_The Rent Curse: Natural Resources, Policy Choice, and Economic Development studies two rent driven models to suggest that low rent incentivizes the elite to grow the economy efficiently, whereas high rent encourages rent siphoning for immediate enrichment at the expense of long-term growth. It looks at low rent Mauritius and high rent Trinidad and Tobago to show that low rent stimulates rapid and relatively egalitarian economic growth with incremental democratization, whereas high rent_x000D_inhibits competitive diversification and frequently causes protracted growth collapses. The post-war prioritization of industry has proved a double edged sword._x000D__x000D_The Rent Curse employs rent driven models to explain why low rent East Asia has closed the income gap with advanced economies; why rent rich Latin America may be de-industrializing; why agricultural neglect launched sub-Saharan Africa on a false start to economic development; why South Asia pioneers growth through export services; and why governmenets in the oil-rich Gulf states raised the incomes of nationals without conferring the skills to sustain them._x000D_ Table of Contents :- _x000D_ Part I: Context_x000D_ 1: Aims, approach, and structure of the study_x000D_ 2: Natural resources, country size and development: A review of the literature_x000D_ Part II: Emergence of rent-dependent development_x000D_ 3: The rent-seeking legacy of the plantation economy in Trinidad and Tobago_x000D_ 4: The staple trap in high-rent Trinidad and Tobago_x000D_ 5: Low-rent Mauritius as a development counterfactual for high-rent Trinidad and Tobago_x000D_ Part III: Differential rent-driven development in global regions_x000D_ 6: Agricultural neglect and retarded structural change in Sub-Saharan Africa_x000D_ 7: The evolving role of manufacturing in economic development_x000D_ 8: Prospective growth impacts of export services_x000D_ Part IV: Analysing the role of rent in economic development_x000D_ 9: The principal findings and some policy implications_x000D_

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