China's Contained Resource Curse


Book Description

A novel empirical study of the 'resource curse' and the state response in contemporary China.




China's Resource Curse


Book Description




The Resource Curse


Book Description

The "resource curse," or "paradox of plenty," refers to the long-established notion central in development economics that countries rich in natural resources, particularly minerals and fuels, perform less well economically than countries with fewer natural resources. In other words, resources are an economic curse rather than a blessing. This short primer explores the complexities of this idea and the debates that surround it, in particular under what conditions the resource curse might operate, if not universal. Discussion ranges over the nature of resource booms, the benefits and costs of export-led growth, the problems of deindustrialization and manufacturing base erosion, rent-seeking behavior and corruption, and the empirical evidence of the effects of natural resource dependence on growth. The treatment is nontechnical and accessible, drawing throughout on a range of illustrative examples from across the developed and developing world. The Resource Curse offers an authoritative introduction to one of the most perplexing issues of economic growth.




The Oil Curse


Book Description

Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing. Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats--and twice as likely to descend into civil war--than countries without oil. The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. This landmark book explains why good geology often leads to bad governance, and how this can be changed.




China and Natural Resource Curse in Developing Countries


Book Description

China's rising demand for natural resources and its growing presence in many poor and resource-rich countries have been criticized for promoting neo-colonialism in the 21st century. Using panel data for 135 developing countries from 1995 to 2007, the present paper empirically evaluates the validity of such claims. Our findings do not support the resource curse thesis in the areas of industrialization and economic growth. Moreover, the effect of resources is conditional on the initial quality of political institutions in a country.




China's Global Quest for Resources


Book Description

The world’s key resources of energy, food and water, which are closely connected and interdependent on each other, are coming under increasing pressure, as a result of increasing population, development and climate change. In the case of China, following its recent economic surge, energy, food and water are already nearing the point of shortage. This book considers how China is working to avoid shortages of energy, food and water, and the effect this is having internationally. Subjects covered include domestic policy debates on China’s resource strategies, challenges for managing transboundary waters related to China, responses from various regions and countries to China’s ‘Go Out’ strategy, and China’s increasing energy links with Russia and declining agricultural trade with the United States. The book concludes by discussing in comparative perspective China’s outward resource acquisition activities and the consequent policy implications.




China's Second Continent


Book Description

A New York Times Notable Book Chinese immigrants of the recent past and unfolding twenty-first century are in search of the African dream. So explains indefatigable traveler Howard W. French, prize-winning investigative journalist and former New York Times bureau chief in Africa and China, in the definitive account of this seismic geopolitical development. China’s burgeoning presence in Africa is already shaping, and reshaping, the future of millions of people. From Liberia to Senegal to Mozambique, in creaky trucks and by back roads, French introduces us to the characters who make up China’s dogged emigrant population: entrepreneurs singlehandedly reshaping African infrastructure, and less-lucky migrants barely scraping by but still convinced of Africa’s opportunities. French’s acute observations offer illuminating insight into the most pressing unknowns of modern Sino-African relations: Why China is making these cultural and economic incursions into the continent; what Africa’s role is in this equation; and what the ramifications for both parties and their people—and the watching world—will be in the foreseeable future. One of the Best Books of the Year at • The Economist • The Guardian • Foreign Affairs




Confronting the Curse


Book Description

The political economy of natural resource wealth poses two interrelated challenges for American foreign policy, both involving governance issues in countries that are abundantly endowed with natural resources. The potentially negative impact of natural resources on development is captured in the phrase "the resource curse". The implications are the greatest for the commodity producers themselves, ranging from complications for macroeconomic management to political authoritarianism and, in the extreme, the precipitation of violent civil conflict. For US policy, the resource curse presents challenges with respect to coping with state failure and associated transborder phenomena. The issues extend to broader geopolitics. Resource abundance confers financial and political power on producers. China's emergence as a major importer and investor in extraction, willing to accommodate authoritarian producers, exacerbates the challenge, potentially undercutting international efforts to encourage greater transparency and improved management of natural resource wealth. This issue is of particular importance for US policy toward Africa




Natural Resources Utilization in China


Book Description

This book focuses on the evaluation, coordination, and effects of China’s natural resource utilization. By adopting both quantitative and qualitative analyses, this book objectively evaluates the spatial distribution characteristics and coupling relationship of China’s natural resource utilization based on the status quo and prominent problems during resource utilization. Moreover, the environmental, economic, and price fluctuation effects of China’s natural resource utilization are discussed. Finally, current policy systems for efficient utilization of natural resources in China and abroad are provided, which suggest a way for China to achieve efficient utilization of natural resources through an appropriate policy mechanism. This book aims to seek the balance the utilization of natural resources and sustainable development in China. It puts forward a new paradigm of natural resource utilization by incorporating the efficiency evaluation, coordination measures, and effect mechanisms of different kinds of natural resources. The evaluation system and related research methods for the efficient utilization of natural resources are very mature, laying a foundation for the development of this book’s content. As the conservation of natural resources is widely accepted, this book helps readers understand how to achieve efficient natural resource utilization in China. Meanwhile, the study of resource utilization in China can provide insights for other countries.