Rethinking the resource curse: Ownership structure, institutional capacity, and domestic constraints

Journal Article (Journal Article)

Most political scientists and economists unequivocally accept the proposition that abundant mineral resources are more often a curse than a blessing, particularly for developing countries. We argue that the widely accepted contention that an abundance of mineral resources and the influx of external rents generated from these resources during boom periods are to blame for the so-called "resource curse" should be revisited. Instead, we offer a new research agenda for studying the problem of resource-rich states that shifts the locus of study away from the "paradox of plenty" to a more appropriate paradox-that the concentration of wealth impoverishes the state whereas the dispersion of wealth enriches the state. This agenda focuses on three interrelated issues: the structure of ownership over mineral resources, the importance of strong institutions, and the relative influence of domestic versus international factors.

Full Text

Duke Authors

Cited Authors

  • Luong, PJ; Weinthal, E

Published Date

  • July 14, 2006

Published In

Volume / Issue

  • 9 /

Start / End Page

  • 241 - 263

International Standard Serial Number (ISSN)

  • 1094-2939

Digital Object Identifier (DOI)

  • 10.1146/annurev.polisci.9.062404.170436

Citation Source

  • Scopus