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Economic Development and the Resource Curse Thesis

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Economic and Political Reform in Developing Countries

Abstract

The successful industrialisation of many East Asian countries contrasts with the disappointing outcome in much of Latin America and subSaharan Africa. Not surprisingly, given this geographical pattern, explanations usually stress cultural factors (in the form of a work ethic or type of political regime) or environmental factors (the level of urbanisation or the natural resource endowment). Closely linked to this controversy is a second dispute about the mechanism by which the causal factor impacts on a country’s industrialisation. Specifically, some researchers emphasise macroeconomic policy as the mechanism (Lal, 1983; Stern, 1990) while others cite trade and industry policy (Amsden, 1989; Wade, 1990).

The financial support of the Nuffield Foundation, British Academy, RTZ and World Bank is gratefully acknowledged. This is a modified version of a paper from World Development, Auty, R.M. ‘Industrial policy reform in six large newly industrialising countries’ (Vol 22, No.1, pp. 11–26, 1994) with kind permission of Pergamon Press Ltd. It extends the analysis in that paper to include mineral exporters.

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Authors
  1. Richard M. Auty
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Editor information

Editors and Affiliations

  1. University of Nottingham, UK

    Oliver Morrissey (Lecturer in Economics and Co-Director of CREDIT) (Lecturer in Economics and Co-Director of CREDIT)

  2. International Development Centre, University of Oxford, Queen Elizabeth House, UK

    Frances Stewart (Director) (Director)

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© 1995 Development Studies Association

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Auty, R.M. (1995). Economic Development and the Resource Curse Thesis. In: Morrissey, O., Stewart, F. (eds) Economic and Political Reform in Developing Countries. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-13460-1_4

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