000			01542cam a2200229 4500
020			_a0520071689 (hbk.): _c55.00 US$
100		1	_aKARL Terry Lynn
245		0	_aThe paradox of plenty: _boil booms and petro-states
260			_aBerkeley Calif: _bUniversity of California Press, _c1997
300			_a342p.
520		3	_aThis book is based mainly on the transformation of Venezuela from an agrarian economy into a centralised petro state overwhelmingly dependent on the oil industry not only for exports but also for government revenue. Draws on the experiences of Algeria, Indonesia, Iran, Nigeria, and for contrast, Norway. The author presents the thesis that prolonged mineral booms, where proceeds accrue to the government, not only lead to a loss of financial discipline and deterioration in the competitiveness of agriculture and industry, but also shape the character of poorly developed states. They encourage a culture of rent seeking rather than productive activity and of avoiding both domestic taxation and the political systems of accountability associated with it. The paradoxical legacy of oil wealth is therefore much greater fragility in governmental and civic institutions than in states less well endowed with mineral resources. (Extract from a review by Richard N Cooper)
650			_aALGERIA
650			_aECONOMIC DEVELOPMENT
650			_aINDONESIA
650			_aNIGERIA
650			_aNORWAY
650			_aOIL
650			_aOPEC
650			_aRENTIER STATES
650			_aVENEZUELA
945			_i0004858 _rN _sY
999			_c27220 _d27220