Over the last several decades, many low-income mineral exporting countries have seen their per capita income decline or their standard of living stagnate. In this title, prominent analysts identify reasons behind the distressing economic performance of these countries including ineffective public policies, political misuse of mineral rents, and the deleterious effects of economic nationalism on the foreign investment climate in developing countries. Originally published in 1992, this title remains relevant for students interested in environmental studies and public policy.
Preface; 1. Mineral Wealth and Economic Development: An Overview 2. Mining Companies, Economic Nationalism, and third World Development in the 1990s 3. Economic Development and the Timing of Mineral Exploration 4. The political Economy of Rent in Mining Countries 5. Economic Policy in Mineral-Exporting Countries: What Have We Learned?