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2 - Natural Resource-Based Economic Development in History

from Part I - Overview

Published online by Cambridge University Press:  31 August 2019

Edward B. Barbier
Edward B. Barbier
Affiliation:
Colorado State University
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Summary

Chapter 1 ended with a key paradox concerning the role of natural resources in economic development: Why is it that, despite the importance of natural capital for sustainable economic development, increasing economic dependence on natural resource exploitation appears to be a hindrance to growth and development in the majority of low- and middle-income economies of the world? Of course, it is important to examine this paradox in light of the use of natural resources by today’s developing economies and how current economic theories represent this use. In fact, Chapters 3 and 4 will do precisely that.

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Natural Resources and Economic Development , pp. 49 - 106
Publisher: Cambridge University Press
Print publication year: 2019

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