The ‘Resource Curse’: Theory and Evidence (ARI)
Mineral and fuel abundance does not determine either the political or economic trajectory of less developed countries.
Mineral and fuel abundance does not determine either the political or economic trajectory of less developed countries.
This ARI addresses the analytical and empirical links between resource extraction, governance and development, with a focus on the resource-curse thesis. The rent curse is rooted in policy failure, which the theory of rent cycling attributes to the impact of rent on elite incentives and also on development trajectory. The paper provides some examples of conditions that have facilitated this process in the context of Sub-Saharan Africa.
The existence of large state-owned Chinese firms and private investors engaged in investing primarily, but not exclusively, in resource and infrastructure sectors in SSA (Sub-Saharan Africa) is a major preoccupation in economic and political circles. In order to understand it, Chinese investment has to be differentiated into four different types, and its distinctive characteristic unpacked –ie, the bundling together of aid, trade and FDI (foreign direct investment)–. This has major policy implications for how SSA should relate to Chinese investors in order to maximise available opportunities.
Southern Sudan’s historic referendum on whether to stay in or secede from a united Sudan is rapidly approaching. The political tide is flowing toward an independent country but the politics of Sudan’s North-South political transition remain beset with challenges.
The European Commission’s annual report on Turkey’s progress toward full EU membership showed the country’s arduous accession process in a more positive light, but there will be no breakthrough until the Cyprus problem is resolved.
The author examines recent changes in the Ghanaian aid and investment landscape as China has stepped up its relations with this donor ‘darling’.
The promotion of ‘good governance’ has become one of the pillars of development policies proposed by a large majority of development aid agencies. It is based on the view that ‘good governance’ is a pre-requisite for development. The author critically reviews the relationship between governance, growth and development and draws implications that are relevant for Sub-Saharan African countries.
The ‘yes’ vote by a significant margin in Turkey’s constitutional referendum on 12 September should revive the flagging negotiations for Turkey’s full entry into the EU, launched in October 2005, which have virtually ground to a halt.
Sudan held national elections in April 2010 for the first time in many years. The elections were part of the peace process which began in 2005. This paper discusses the context of the elections and the multiple problems which affected them, and at how the events of the election will affect the final stages of the peace process.
17 - 23 of 27 pages