how petroleum wealth shapes the development of nations Ross, Michael Primary Author mixed material bibliography New Jersey Princeton University Press 2012 en English

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289 p. : Illust. ; 24 cm Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this analysis, the author looks at how developing nations are shaped by their mineral wealth, and how they can turn oil from a curse into a blessing. He traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing world seized control of their countries' oil industries. Before nationalization, the oil-rich countries looked much like the rest of the world; today, they are 50 percent more likely to be ruled by autocrats, and twice as likely to descend into civil war, than countries without oil. This book shows why oil wealth typically creates less economic growth than it should; why it produces jobs for men but not women; and why it creates more problems in poor states than in rich ones. It also warns that the global thirst for petroleum is causing companies to drill in increasingly poor nations, which could further spread the oil curse. And it explains why good geology often leads to bad governance, and how this can be changed. Economic Policy Petroleum Products--Prices Developing Countries Natural Resources Women--Social Conditions Petroleum Industry and Trade--Government Policy Civil war Revenue 338.90091724 9780691159638 e-Library Universitas Pertamina Be Global Leader 338.90091724 ROS o 5962/PUP/2017 Perpustakaan Universitas Pertamina 338.90091724 ROS o c.1 The_Oil_Curse_how_petroleum_wealth_shapes_the_development_of_nations.jpg.jpg 2438 2018-07-30 18:23:29 2018-08-31 11:50:30 machine generated Geophysical Engineering Geological Engineering Petroleum Engineering Management International Relations