Plundered Nations?: Successes and Failures in Natural Resource Extraction

Paperback | September 15, 2011

EditorPaul Collier, Anthony J. J. Venables

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The study of natural resource extraction in resource-rich countries often shows that plunder, rather than prosperity, has become the norm. Management of natural resources differs widely in every state; a close examination of the decision making chains in various states highlights the key principles that need to be followed to avoid distortion and dependence.

This book consists of eight case studies investigating the political economy of the decision chain, revealing where various states have met with success, or failed disastrously. This original research provides a unique insight into how different countries have handled their resource extraction.

This book is essential reading for students, researchers and policy makers working across development economics and natural resource economics.

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The study of natural resource extraction in resource-rich countries often shows that plunder, rather than prosperity, has become the norm. Management of natural resources differs widely in every state; a close examination of the decision making chains in various states highlights the key principles that need to be followed to avoid dis...

PAUL COLLIER CBE is Professor of Economics and Director of the Centre for the Study of African Economies, Oxford University. He has been Director of the Research Development Department of the World Bank and is also a Professeur invité at CERDI, Université d’Auverge, and at Paris 1. He is currently Advisor to the Strategy and Policy De...

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Format:PaperbackDimensions:376 pages, 8.56 × 5.61 × 0.9 inPublished:September 15, 2011Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230290221

ISBN - 13:9780230290228

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Table of Contents

Key decisions for resource management: principles and practise; P.Collier& A.J.Venables
Governance and oil revenues in Cameroon; B.Gauthier& A.Zeufack
Missed opportunities: copper extraction in Zambia; C.Adam& M.Simpasa
Oil and plunder in Nigeria; O.Ajakaiye, P.Collier& A.Ekpo
Learning from failure: copper in Chile; R.Fuentes
Oil in Iran: dependence, distortions and distribution; M.Karshenas& A.Malik
The contest for control: oil and gas management in Russia; V.Kryukov, A.Tokarev& S.Yenikeyeff
Public prudence and private profligacy: Kazakhstan 2000-2008; A.Esanov& K.Kuralbayeva
The developmental state: Malaysia; Z.A.Yusof