000			01844nam a2200193Ia 4500
005			20250405143128.0
008			230421s2012||||xx |||||||||||||| ||eng||
020			_a9780691145457
041			_aEnglish
082			_a338.90091724 R67
100			_aRoss, L. Michael _eAuthor _9794
245		4	_aThe oil curse : how petroleum wealth shapes the development of nations
260			_aUK: _bPrinceton University Press, _c2012.
300			_axxi, 289p.; 23cms.
500			_aCountries 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 groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing. Ross 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. The Oil Curse 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. This landmark book explains why good geology often leads to bad governance, and how this can be changed.
650			_aEconomic policy _xWomen _xSocial conditions _92293
650			_aEconomic policy _xPetroleum products _xPrices _92294
942			_cBK
999			_c704 _d704