When countries discover that they possess large deposits of oil
and natural gas, the news is usually welcome. Yet, paradoxically,
if they rely on their wealth of natural resources, they often set
down a path of poor economic performance and governance challenges.
Only a few resource-rich countries have managed to develop their
economies fully and provide a better and sustainable standard of
living for large segments of their populations. This phenomenon,
known as the resource curse, is a core challenge for
energy-exporting states. Beyond the Resource Curse focuses
on this relationship between natural wealth and economic security,
discussing the particular pitfalls and consistent perils facing
oil- and gas-exporting states.
The contributors to this volume look beyond the standard fields of
research related to the resource curse. They also shed new light on
the specific developmental problems of resource-rich exporting
states around the globe, including Azerbaijan, Bahrain, Cambodia,
East Timor, Iran, Norway, Russia, Trinidad and Tobago, the United
Arab Emirates, and Venezuela.
Policy makers and academics think of energy security solely in
terms of the interests of energy importers. Beyond the Resource
Curse shows that the constant volatility in energy markets
creates energy security challenges for exporters as well.
Subjects: Political Science
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