"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.
Key decisions for resource management: principles and practice / Paul Collier and Anthony J. Venables -- Governance and oil revenues in Cameroon / Bernard Gauthier and Albert Zeufack -- Learning how to manage natural resource revenue: the experience of copper in Chile / J. Rodrigo Fuentes -- Oil in Iran : dependence, distortions and distribution / Massoud Karshenas and Adeel Malik -- Kazakhstan: public saving and private spending / Akram Esanov and Karlygash Kuralbayeva -- The developmental state : Malaysia / Zainal Aznam Yusof -- Management of resource revenue: Nigeria / Olu Ajakaiye, Paul Collier and Akpan H. Ekpo -- The contest for control: oil and gas management in Russia / Valery Kryukov, Anatoly Tokarev and Shamil Yenikeyeff -- Copper mining in Zambia: from collapse to recovery / Christopher Adam and Anthony M. Simpasa
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