Natural Resources, Neither Curse nor Destiny

Know about the book -

Natural Resources, Neither Curse nor Destiny is written by Daniel Lederman and published by World Bank Publications. It's available with International Standard Book Number or ISBN identification 0821365460 (ISBN 10) and 9780821365465 (ISBN 13).

'Natural Resources: Neither Course nor Destiny' brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant natural resources. The evidence suggests that natural resources are neither a curse nor destiny. Natural resources can actually spur economic development when combined with the accumulation of knowledge for economic innovation. Furthermore, natural resource abundance need not be the only determinant of the structure of trade in developing countries. In fact, the accumulation of knowledge, infrastructure, and the quality of governance all seem to determine not only what countries produce and export, but also how firms and workers produce any good.