Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/161585
Authors: 
Lahn, Glada
Stevens, Paul
Year of Publication: 
2017
Series/Report no.: 
WIDER Working Paper 2017/21
Abstract: 
In the context of falls in extractive commodities prices since 2011, this paper examines the history of thinking about the interplay between extractives and economic development. Just as 'the resource curse' fails as a generic explanation on account of the huge diversity in country contexts, so does the one-size-fits-all governance solution, which international aid agencies, industry, and banks have promoted in support of 'extractives-led growth' since the early 2000s. Asking why the sector has not in many cases yielded more durable economic gains reveals the need for greater attention to a country's capacity to diversify, options for pacing development, and appropriate performance measures.
Subjects: 
development
oil
gas
resource curse
diversification
economic linkages
JEL: 
B2
O1
Q3
Q4
ISBN: 
978-92-9256-245-8
Document Type: 
Working Paper

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