Natural Resources and Economic Development: The 1870–1914 Experience

Ronald. Findlay and Mats. Lundahl

in Resource Abundance and Economic Development

Published in print October 2004 | ISBN: 9780199275786
Published online April 2005 | e-ISBN: 9780191602160 | DOI:

Series: WIDER Studies in Development Economics

Natural Resources and Economic Development: The 1870–1914 Experience

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This chapter examines the performance of two types of resource-abundant economies during the ‘golden age’ of the world economy from 1870 to 1914. These are the ‘Regions of Recent Settlement’ (United States, Canada, Australia, Argentina, Bolivia, Chile, and South Africa); and plantation and peasant economies in ‘Tropical Countries’ (Burma, Siam, the Gold Coast, Brazil, Colombia, Costa Rica, Ceylon, and Malaya). Disparities in the performance of the two groups of countries were attributed to internal problems and policy failures.

Keywords: resource-abundant economies; economic development; natural resources; manufacturing; export

Chapter.  9275 words. 

Subjects: Economic Development and Growth

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