Chapter

Conclusions: Resource Abundance, Growth Collapses, and Policy

Richard M. Auty

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/10.1093/0199275785.003.0019

Series: WIDER Studies in Development Economics

Conclusions: Resource Abundance, Growth Collapses, and Policy

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This chapter presents a synthesis of the findings in this volume. It discusses resource abundance and growth collapses, the competitive industrialisation and staple strap models, and the policy implications for developing market and transition economies. It argues that the underperformance of resource-abundant countries is not inevitable, and is determined by policies.

Keywords: economic development; resource-abundant countries; natural resources; growth collapse; economic policy

Chapter.  6144 words.  Illustrated.

Subjects: Economic Development and Growth

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