{"product_id":"natural-resources-9780804757089","title":"Natural Resources","description":"\u003cp\u003eFor  almost  as  long  as  economics has been a profession, the role of natural resources in the promotion of economic growth has been among the core issues of development theory. Some newer theories suggest that natural riches produce institutional weaknesses as various social groups attempt to capture the economic rents derived from the exploitation of natural resources.  Since  the 1960s, some analysts have argued that resource-rich developing countries have grown more slowly than other developing countries.  Nevertheless, we find ourselves in a time when conventional wisdom again postulates that natural resources are indeed riches.  \u003c\/p\u003e\n\u003cp\u003eThis  book  brings  together  a variety of analytical perspectives, ranging from econometric  analyses  of  economic  growth  to historical studies of successful development  experiences  in  countries  with  abundant  natural resources.  The evidence  suggests  that  natural  resources  are  neither  a curse nor destiny. Natural  resources can actually spur economic development when combined with the accumulation of knowledge for economic innovation.  Furthermore, natural resource abundance  need  not  be  the  only  determinant  of  the  structure of trade in developing  countries.  In  fact, the accumulation of knowledge, infrastructure, and  the  quality  of  governance  all seem to determine not only what countries produce and export, but how firms and workers produce any good.\u003c\/p\u003e","brand":"Daniel Lederman","offers":[{"title":"Default Title","offer_id":48294726598907,"sku":"9780804757089","price":220.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0779\/3917\/9771\/files\/9780804757089.jpg?v=1772482520","url":"https:\/\/indiepubs.com\/products\/natural-resources-9780804757089","provider":"IndiePubs","version":"1.0","type":"link"}