One of a series of 13 briefs exploring the strengths and weaknesses of
the policies advocated in Paul Collier's controversial and influential
book 'The Bottom Billion'.
Natural resources discovered in poor countries can increase poverty.
Paul Collier finds that about 29 per cent of the Bottom Billion live in
countries abundant with natural resources. He argues that the net
proceeds from their export have political effects that undermine
economic growth. While this 'resource curse' is well substantiated,
Collier downplays how the negative political effects of these resources
are also linked to their geostrategic importance, their coexistence with
national debt, and the realities of their extraction.
IDS In Focus Issue 3.5, Institute of Development Studies, University of Sussex, Brighton, UK, 4 pp.
Tackling the Natural Resource Trap.