Description: "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."--Provided by publisher.
Review Quotes:
'Plundered Nations is a very important book at a crucial time. It lays out the values, principles, and competences needed to transform resource wealth into a sustainable improvement in the lives of present and future generations. A series of insightful case studies on a range of countries make these principles vivid, concrete and accessible. This book will be widely read and highly influential in accelerating the transformation of natural resource wealth management.' - Michael Spence, Nobel Laureate