Why is natural resource exploitation not yielding greater benefits to the poor economies of Africa, Asia and Latin America? This book's historical review of resource use and development examines current theories explaining under-performance of today's resource-abundant economies. After developing models to analyze the key economic factors underlying land expansion and water use in developing countries, Edward Barbier explores their resource dependency, rural poverty and resource degradation and proposes reforms for successful resource-based development.
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Natural Resources and Economic Development explores a key paradox: why is natural resource exploitation not yielding greater benefits to the poor economies of Africa, Asia and Latin America? Edward B. Barbier examines this paradox through historical examples, current theories and models, empirical analysis of land degradation and water use, and country case-studies. He models an alternative explanation, the frontier expansion hypothesis, and proposes policy and institutional reforms necessary for successful resource-based development in developing countries.
Edward B. Barbier is currently the John S. Bugas Professor of Economics in the Department of Economics and Finance, University of Wyoming. He has over twenty years' experience as an environmental and resource economist, working mainly on the economics of environment and development issues.
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