The curse of the one-size-fits-all fix: Re-evaluating what we know about extractives and economic development
Glada Lahn and
Paul Stevens
No wp-2017-21, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)
Abstract:
In the context of falls in extractive commodities prices since 2011, this paper examines the history of thinking about the interplay between extractives and economic development. Just as 'the resource curse' fails as a generic explanation on account of the huge diversity in country contexts, so does the one-size-fits-all governance solution, which international aid agencies, industry, and banks have promoted in support of 'extractives-led growth' since the early 2000s.
Keywords: Development; Oil; Gas; Resource curse; Diversification; Economic linkages (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (17)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2017-21
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