Environment And Development In A Resource Rich Economy

Malaysia interests development practitioners for many reasons, not least because of its remarkably rich natural environment. Environment and Development in a Resource-Rich Economy provides an invaluable analysis of major natural resource and environmental policy issues in the country during the 1970s and 1980s--a period of profound socioeconomic changes, rapid depletion of natural resources, and the emergence of serious air and water pollution problems. What is path-breaking about this book is its emphasis on economics as a source of concepts and methods for analyzing natural resource and environmental issues and policy responses. The authors' access to unpublished data and key decision makers makes this account of extensive, field-based research an essential reference for policy makers and researchers concerned about environmental and natural resource management--both in Malaysia and throughout the globe. The book should be of particular interest for students who hope to understand more thoroughly the economic underpinnings of natural resource and environmental management policy.

Economic diversification remains at the top of the agenda for hundreds of regions around the world. From the single commodity economies of African countries and the Caribbean, to the many single industry regions of Europe and North America, as well as the oil and gas rich but volatile hydrocarbon economies. Economic diversification policies have been around for almost a century with varying degrees of success and failure. Economic Diversification Policies in Natural Resource Rich Economies takes a special interest in the policy experiences of a set of different countries that have extractive industries representing significant drivers of their economies and subsequently are significant contributors to government revenues. It explores twelve cases including upper-middle to high income economies such as Canada, Australia, Iceland and Norway, emerging economies such as Latin America, the GCC (Saudi and UAE), Kazakhstan, Malaysia and Russia, as well as the developing economy of Uganda. Each chapter provides a review of economic diversification experiences including policy environment, diversification strategies, desired outcomes, the role of government, and a critical evaluation of achievements. This book is suitable for those who study environmental economics, development economics and resource management.

This book discusses mineral economies in Botswana, Chile, Colombia, Indonesia, Jamaica, Namibia, Papua New Guinea, Peru, and Trinidad and Tobago.

The remarkably rich natural environment of Malaysia attracts the interest of both industry and the environmental community. Managing Natural Wealth analyzes major natural resource and environmental policy issues in the country during the 1970s and 1980s-a period of profound socioeconomic change, rapid depletion of natural resources, and the emergence of serious problems with pollution. Managing Natural Wealth is an important up-date to Environment and Development in a Resource-Rich Economy: Malaysia under the New Economic Policy. First published in hardcover in 1997, this pathbreaking book emphasized economics as a source for analyzing the issues involved in environmental and natural resource management in developing countries. The access that Jeffrey Vincent and Rozali Mohamed Ali and the contributing authors had to unpublished data and key decisionmakers made their account an essential reference for policymakers and researchers in Malaysia and throughout the globe. Managing Natural Wealth includes a review of key developments since the 1990s by S. Robert Aiken and Colin H. Leigh, two geographers with a long-standing interest in environmental change in Malaysia and an understanding of the institutional context of its environmental policy that is unmatched in the scholarly community.

Since the 1960s the per capita incomes of the resource-poor countries have grown significantly faster than those of the resource-abundant countries. In fact, in recent years economic growth has been inversely proportional to the share of natural resource rents in GDP, so that the small mineral-driven economies have performed least well and the oil-driven economies worst of all. Yet the mineral-driven resource-rich economies have high growth potential because the mineral exportsboost their capacity to invest and to import."Resource Abundance and Economic Development" explains the disappointing performance of resource-abundant countries by extending the growth accounting framework to include natural and social capital. The resulting synthesis identifies two contrasting development trajectories: the competitive industrialization of the resource-poor countries and the staple trap of many resource-abundant countries. The resource-poor countries are less prone to policy failure than the resource-abundant countriesbecause social pressures force the political state to align its interests with the majority poor and follow relatively prudent policies. Resource-abundant countries are more likely to engender political states in which vested interests vie to capture resource surpluses (rents) at the expense of policycoherence. A longer dependence on primary product exports also delays industrialization, heightens income inequality, and retards skill accumulation. Fears of 'Dutch disease' encourage efforts to force industrialization through trade policy to protect infant industry. The resulting slow-maturing manufacturing sector demands transfers from the primary sector that outstrip the natural resource rents and sap the competitiveness of the economy.The chapters in this collection draw upon historical analysis and models to show that a growth collapse is not the inevitable outcome of resource abundance and that policy counts. Malaysia, a rare example of successful resource-abundant development, is contrasted with Ghana, Bolivia, Saudi Arabia, Mexico, and Argentina, which all experienced a growth collapse. The book also explores policies for reviving collapsed economies with reference to Costa Rica, South Africa, Russia and Central Asia. Itdemonstrates the importance of initial conditions to successful economic reform.

Sustainable Economic Development: Resources, Environment, and Institutions presents 25 articles that lay the foundations of sustainable development in a way that facilitates effective policy design. The editors mix broad thematic papers with focused micro-papers, balancing theories with policy designs.The book begins with two sections on sustainable development principles and practice and on specific settings where sustainable development is practiced. Two more sections illuminate institutions, governance, and political economy. Additional sections cover sustainable development and agriculture, and risk and economic security, including disaster management. This rich source of information should appeal to any institution involved in development work, and to development practitioners grappling with an array of difficult on-the-ground developmental challenges. Analyzes policies that move markets and resource use patterns towards achieving sustainability Articles are kaleidoscopic in scope and creativity Authors embody extraordinary diversity and qualifications

The remarkably rich natural environment of Malaysia attracts the interest of both industry and the environmental community. Managing Natural Wealth analyzes major natural resource and environmental policy issues in the country during the 1970s and 1980s-a period of profound socioeconomic change, rapid depletion of natural resources, and the emergence of serious problems with pollution. Managing Natural Wealth is an important up-date to Environment and Development in a Resource-Rich Economy: Malaysia under the New Economic Policy. First published in hardcover in 1997, this pathbreaking book emphasized economics as a source for analyzing the issues involved in environmental and natural resource management in developing countries. The access that Jeffrey Vincent and Rozali Mohamed Ali and the contributing authors had to unpublished data and key decisionmakers made their account an essential reference for policymakers and researchers in Malaysia and throughout the globe. Managing Natural Wealth includes a review of key developments since the 1990s by S. Robert Aiken and Colin H. Leigh, two geographers with a long-standing interest in environmental change in Malaysia and an understanding of the institutional context of its environmental policy that is unmatched in the scholarly community.