Natural resource wealth “a truly double edged sword?”: a comparative study between Iran and Norway
Nima Nasrollahi Shahri ()
MPRA Paper from University Library of Munich, Germany
This is an analytical comparative study done from a historical perspective between Iran and Norway as classic examples of countries touched by resource abundance contrastingly. The study tries to highlight the factors which turn oil riches into a curse so as to serve as a brief practical set of guidelines for countries facing the possibility of a natural resource related revenue increase. This study, however, does not purport to cover all the factors in play, but is rather of an interdisciplinary nature demonstrating the significance of Politics in the fate of Oil-rich countries. An abridged account of the petroleum sector and some other relevant information about the two states is initially given. The study then focuses on historical, economic, management and political differences which could have been influential in the way the two countries have been affected by their riches. A number of key differences are listed and elaborated on in more detail with the aid of examples invoked from similar countries. The study finds that factors such as the political structure of a country as well as its population and timing of oil discoveries, as factors not completely controlled by the state, carry a lot of weight in determining how successful a country is likely to be in managing its resources.
Keywords: Resource riches; resource curse; Norway; Iran (search for similar items in EconPapers)
JEL-codes: A10 A12 D72 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ara
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/25639/1/MPRA_paper_25639.pdf original version (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:25639
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().