Chapter

The Social Foundations of Poor Economic Growth in Resource-Rich Countries

Michael. Woolcock, Lant. Pritchett and Jonathan. Isham

in Resource Abundance and Economic Development

Published in print October 2004 | ISBN: 9780199275786
Published online April 2005 | e-ISBN: 9780191602160 | DOI: http://dx.doi.org/10.1093/0199275785.003.0005

Series: WIDER Studies in Development Economics

The Social Foundations of Poor Economic Growth in Resource-Rich Countries

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This chapter examines the social foundations of developing economies with different types of natural resource endowments. It argues that the nature of communities, institutions, and state-society relations has a significant impact on economic growth trajectories in general, and the management of shocks in particular. In developing countries, the efficacy of these three dimensions is influenced by export structures. Different types of export structures create different capacities to reduce social and economic divisions, and viable institutions of conflict management.

Keywords: economic growth; resource-abundant countries; natural resources; developing countries; social foundations

Chapter.  7236 words.  Illustrated.

Subjects: Economic Development and Growth

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