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The Oil Curse: How Petroleum Wealth Shapes the Development of Nations

Michael L. Ross




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 | #714128 in eBooks |  2012-03-04 |  2012-03-04 | File type: PDF

||0 of 0 people found the following review helpful.| The Oil Curse|By Kevin Pallister|Michael Ross lays out a clear argument about oil’s detrimental political and economic effects in his well-written The Oil Curse. Ross argues that under certain conditions, several features of oil revenues – their enormous size, nontax source, volatility, and secrecy – contribute to authoritarianism, the subjugation of women, ci| |One of Choice's Outstanding Academic Titles for 2012

"Economists have mostly shied away from full costings of the ecological and social devastation of oil use. Were they to do so with thoroughness and authority displayed by Ross in

Countries 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 gov...

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