The Oil Curse: How Petroleum Wealth Shapes the Development of Nations PDF (Adobe DRM) download by Michael L. Ross

The Oil Curse: How Petroleum Wealth Shapes the Development of Nations

Princeton University Press
Publication date: February 2012
ISBN: 9781400841929
Digital Book format: PDF (Adobe DRM)

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Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing.

Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats--and twice as likely to descend into civil war--than countries without oil.

The Oil Curse shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse.

This landmark book explains why good geology often leads to bad governance, and how this can be changed.

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The Oil Curse: How Petroleum Wealth Shapes the Development of Nations PDF (Adobe DRM) download by Michael L. Ross
Princeton University Press, February 2012
ISBN: 9781400841929
EAN:  9781400841929
PDF (Adobe DRM)
List Price: $22.95 eBook price: $21.99
The Oil Curse: How Petroleum Wealth Shapes the Development of Nations ePub (Adobe DRM) download by Michael L. Ross
Princeton University Press, February 2012
ISBN: 9781400841929
EAN:  2370004245492
ePub (Adobe DRM)
List Price: $22.95 eBook price: $21.99
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