Sustaining Development in Mineral Economies

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It is widely believed that natural mineral resources are desirable. However there is growing evidence that this may not always be the case. Indeed, it seems that natural assets can distort the economy to such a degree that the benefit actually becomes a curse. In Sustaining Development in Mineral Economies, Richard Auty highlights these drawbacks and the devastating effect they can have on developing economies. With reference to six ore-exporters (viz. Peru, Bolivia, Chile, Jamaica, Zambia and Papua New Guinea) he outlines how things can go badly wrong. He particularly stresses the need to avoid `Dutch Disease’ whereby competitiveness is drained out of the agriculture and manufacturing sectors so that in the long term growth falters.

Table of contents

COVER PAGE
TITLE PAGE
ACKNOWLEDGEMENT
COPYRIGHT PAGE
FIGURE AND TABLES
1. THE RESOURCE CURSE THESIS AND MINERAL ECONOMIES
PART I: COPING WITH MINERAL PRICE DOWNSWINGS
2. MANAGING MINERAL ECONOMIES: THE LITERATURE
3. THE EARLY 1970s PRE-CONDITIONS
4. GROWTH AND STRUCTURAL CHANGE, 1973–90
PART II: MACRO POLICY IN FOUR DEVELOPING AMERICAN COUNTRIES
5. BOLIVIA: ACCELERATING WEAKNESS DESPITE POSITIVE EXTERNAL SHOCKS
6. POPULIST POLICIES AND ACCELERATING ECONOMIC WEAKNESS IN PERU
7. CHILE’S SUSTAINED ECONOMIC RECOVERY TO BEST PRACTICE
8. JAMAICA’S PROTRACTED RECOVERY UNDER ORTHODOX POLICY
PART III: SECTORAL RESILIENCE IN THE DEVELOPING AMERICAS
9. CONTRASTS IN MINING SECTOR RESILIENCE, 1972–90
10. PROGRESS IN ECONOMIC DIVERSIFICATION, 1970–90
PART IV: INTER-CULTURAL COMPARISON
11: PAPUA NEW GUINEA: A NEW ENTRANT NEGLECTS STRUCTURAL CHANGE
12. MISMANAGED MINERAL DEPLETION IN ZAMBIA, 1970–90
PART V: CONCLUSIONS AND POLICY IMPLICATIONS
13. MINING AND SUSTAINED DEVELOPMENT
REFERENCES


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