Outgrowing resource dependence theory and some recent developments
Will Martin ()
No 3482, Policy Research Working Paper Series from The World Bank
Many policy makers are concerned about dependence on resource exports. This paper examines four changes that reduce this dependence: (i) accumulation of capital and skills; (ii) changes in protection policy, particularly reductions in the burden of protection on exporters; (iii) differential rates of technical change; and (iv) declines in transport costs. Developing countries as a group have made enormous progress in diversifying their exports away from resources in recent decades, a development that appears to have been aided by accumulation of capital and skills and by dramatic reductions in the cost of protection to exporters, but slowed down by technological advances that favored agriculture.
Keywords: Environmental Economics&Policies; Economic Theory&Research; Fiscal&Monetary Policy; Payment Systems&Infrastructure; Decentralization; Economic Theory&Research; Environmental Economics&Policies; TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT; Achieving Shared Growth; Fiscal&Monetary Policy (search for similar items in EconPapers)
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