Mineral economies are less successful than their resource-deficient neighbours. This book examines this paradox, detailing problems faced by mineral economies. It claims the key factor is not the initial growth, but the maintenance of the economic and social conditions for sustaining that growth.
The mineral economies are an important group of developing countries which have suffered a "resource curse" over the past 20 years--showing a poorer performance than resource-deficient neighbors. This book draws upon case-studies and analysis of nine countries to demonstrate the difficulties currently faced and the policies which will be required in the future in order to take advantage of finite mineral resources to maintain the economic and social conditions for sustaining growth.
Important book ... a good read ... clear and logical ... carefully crafted.
